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3.1.1 Upon acceptance of a client instruction, the Exchange member shall place order with the Exchange as instructed and bear corresponding trading and settlement obligations.
When orders are successfully executed, the investors shall deliver the relevant securities or pay corresponding cash to the member and the Exchange member shall return the proceeds from its sale of the securities to the investor or deliver the securities purchased.
3.1.2 The Exchange members shall send trading orders to the Exchange through the order routing system and effect trades in accordance with these Rules. Transaction records are returned to the members by the Exchange.
3.1.3 Exchange members shall take good care of client instructions and their own trading orders to the Exchange.
3.1.4 Securities purchased shall not be resold before settlement, except for turnaround trades.
Turnaround trades of securities mean complete or partial resale, after confirmation of trades and before settlement, of any securities purchased.
3.1.5 Turnaround trades of bonds and bond repos are effected on the day of trading, whereas turnaround trades of B-shares are effected on T+1 day.
3.1.6 The Exchange may adopt primary dealer system. The specific rules thereon are formulated separately and come into effect upon the approval of the CSRC. |
