"T0" is the "t + 0" trading system. Some ETFs can be traded at T0, while others can not. ETFs that can be traded at t0 mainly include: Huaxia Hengsheng ETF, code 159920; southern China, code 160125; Hua'an S & P global oil, code 160416; southern Hengsheng H-share, code 160717; harvest gold, code 160719; e-fund gold, code 161116; etc.
"T + 0" trading is a trading system widely used in overseas major securities markets, and most cross-border ETFs use t + 0 trading. More in line with the investment habits, so that the value of investment can be further improved. Investors can sell all or part of the transaction on the trading day, and a single fund can be recycled multiple times a day, which can improve the capital turnover rate. There are two main types of cross-border ETFs that have been listed, one is Hong Kong stock ETFs, the other is cross-border cross-border ETFs.
The trading time of Hong Kong stock is overlapped with that of a share. With the opening of Shanghai Hong Kong stock connect, the trading time of Hong Kong stock ETF is t + 0 trading, which is convenient for investors to carry out floor arbitrage. For cross-border cross-border ETFs, the trading time does not overlap with the trading time of a shares. However, since some indexes have 24-hour futures, investors can participate in the secondary market trading according to the trend of futures.