The Hong Kong Exchange (HKEX) limits share purchases by quantity, not value. This differs from ASX share trading, where minimum order sizes are based on value.
When buying Hong Kong shares, the following order size limits apply:
• Minimum order size: 1 board lot
• Maximum order size: 3,000 board lots
What is a board lot?
Unlike the Australian and US markets, the Hong Kong market requires trades to be completed in a specific
quantity or multiples of that quantity. This is known as a 'board lot' or 'trading unit'. Each listed company on
the Hong Kong market determines its own board lot size. You can view the board lot size for any stock in the 'Quote' section on the 'Place Orders' page.
Any order that is not a multiple of the board lot size is known as an 'odd lot' and is not permitted by the
exchange.
Example: Tencent has a board lot size of 100. To buy Tencent shares, you must purchase in multiples of 100
(e.g. 100, 200, 300 units). On the 'Place Orders' page, use the Plus and Minus buttons under 'Quantity' to
adjust your order in board lot increments.
Odd lot holdings from corporate actions
Selfwealth does not permit trades that don't comply with board lot requirements. If you are allocated an odd
lot quantity through a corporate action, Phillip Capital will automatically place a sell order on your behalf to
convert the odd lot units to Hong Kong dollar (HKD) cash.
This typically occurs within one to two business days. Once completed, the sale proceeds net of any costs
will appear in your account along with a contract note for your records.
Example: You hold 400 Tencent shares (stock code: 700). Tencent completes a bonus issue on a 1:3 basis, adding 133 shares. You now hold 533 shares. As Tencent's board lot size is 100, Phillip Capital will
automatically sell the odd lot of 33 units within one to two business days. Your remaining holding of 500
shares is a fully tradeable parcel on the exchange.