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Does Zhonghua Tong follow the market rules of the Shanghai Stock Exchange/Shenzhen Stock Exchange or the Hong Kong Stock Exchange?
The Shanghai and Shenzhen Stock Connect is based on local market rules, that is, the Shanghai Stock Connect follows the regulations of the Shanghai Stock Exchange, while the Shenzhen Stock Connect follows the regulations of the Shenzhen Stock Exchange.
Trading and settlement still follow the regulations of the securities firm's location.