	Full-day Trading	Half-day Trading
Opening Routine
Pre-Open	08:30 AM - 08:58 AM/08:59 AM*	08:30 AM - 08:58 AM/08:59 AM*
Non-Cancel	08:58 AM/08:59 AM* - 09:00 AM	08:58 AM/08:59 AM* - 09:00 AM
Continuous Trading Hours	09:00 AM - 12:00 PM	09:00 AM - 12:00 PM
Mid-Day Break
Pre-Open	12:00 PM - 12:58 PM/12:59 PM*	N/A
Non-Cancel	12:58 PM/12:59 PM* - 01:00 PM	N/A
Continuous Trading Hours	01:00 PM - 05:00 PM	N/A
Closing Routine
Pre-Close	05:00 PM - 05:04 PM/05:05 PM*	12:00 PM - 12:04 PM/12:05 PM*
Non-Cancel	05:04 PM/05:05 PM* - 05:06 PM	12:04 PM/12:05 PM* - 12:06 PM
Trade at Close	05:06 PM - 05:16 PM	12:06 PM - 12:16 PM
Close	05:16 PM	12:16 PM

* The Pre-open/Close phase ends randomly at any time within this one-minute window and the Non-Cancel phase begins immediately after.

Half-day Trading only happens on the following days: Chinese New Year's Eve, Christmas Eve, and New Year's Eve.

Pre-open phase (Opening Routine and Mid-day Break)

1. The Pre-open phase of the Opening Routine starts at 08:30 AM and ends randomly within a one-minute window between 08:58 AM and 08:59 AM.

2. The Pre-open phase of the Mid-day Break starts at 12:00 PM and ends randomly within a one-minute window between 12:58 PM and 12:59 PM.

3. Investors can submit new orders and cancel or modify existing orders during the Pre-open phase, but there will not be order matching.

4. Orders queued in the order book prior to the start of the Mid-day Break will continue to rest in the order book.

Pre-close phase (Closing Routine)

1. The Pre-close phase starts at 05:00 PM and ends randomly within a one-minute window between 05:04 PM and 05:05 PM for full-day trading.

2. It starts at 12:00 PM and ends randomly within a one-minute window between 12:04 PM and 12:05 PM for half-day trading.

Non-cancel phase (Opening Routine, Mid-Day Break and Closing Routine)

1. The Non-cancel phase follows immediately after the Pre-close phase ends.

2. Investors will no longer be able to enter, modify or cancel orders.

3. Unmatched orders will be carried forward to the next trading phase.

Close

The market closes at 05:16 PM (for full-day trading) or 12:16 PM (for half-day trading).

Trade at close

1. Trade at Close (TAC) is a ten-minute trading phase commencing immediately after the closing routine. Orders are matched continuously only at the fixed equilibrium price established from the preceding closing auction.

2. TAC is available for a security on a trading day only if the closing auction for that security on that day resulted in a closing auction price; correspondingly, TAC will not be available for a security if there is no closing auction price on that day.

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關稅風暴暫離高壓區！市場能否迎來反彈？

當地時間4月22日，美國總統特朗普公開承認美國目前對中國出口商品的關稅過高，預計稅率將大幅降低；美國財政部長貝森特也表示中美雙方關稅戰將很快降溫。4月25日，特朗普表示將爲不同國家設定「公平的」關稅稅率。特朗普此次對華關稅態度的轉變，能否平息市場恐慌情緒？關稅拉鋸戰最終結局如何？ Show More

特朗普對華態度緩和！近期你會如何操作？

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Food流油

Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."

This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy

First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"

[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"

2. On April 2, 2025, ...

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