What does T+1 mean

T+1 is a stock trading system, that is, stocks bought on the same day can not be sold until the next trading day. "T" refers to the transaction registration date, "T + 1" refers to the day after the registration date.

China's Shanghai Stock Exchange and Shenzhen Stock Exchange for stocks and funds trading line "T + 1" trading mode, the Chinese stock market to implement the "T + 1" trading system, the same day to buy shares, to the next trading day to sell.

T+1 is essentially a securities trading settlement, using A-shares, funds, bonds, repo transactions. Refers to the conclusion of the transaction, the corresponding securities delivery and funds settlement in the transaction date of the next business day (T + 1 day) to complete.

Extended information:

T+1 is essentially a securities transaction settlement method, the use of the object of the A-shares, funds, bonds, repurchase transactions. It means that after reaching a deal, the corresponding securities delivery and funds settlement is completed on the next business day (T+1 day) of the transaction date.

The main process of stock trading (over-the-counter trading) are:

(1) Open an account, customers want to buy and sell stocks, should first find a brokerage firm to open an account.

(2) Transmission of orders, after opening an account, the customer can buy and sell stocks through his broker. Each time he buys or sells a stock, the customer gives the brokerage firm a buy or sell order, and the firm quickly passes the customer's order to its broker on the exchange, who executes it.

(3) The closing process, as soon as the broker in the exchange receives the order, he quickly goes to the trading station (in the trading hall) where such stock is bought and sold to execute the order.

(4) delivery, the purchase and sale of shares after the transaction, the buyer pays cash to obtain the shares, the seller hands over the shares to obtain cash. Settlement procedures are carried out after the transaction, and some in a certain period of time, such as a few days to dozens of days to complete, through the liquidation company

(5) transfer, delivery is completed, the new shareholders should be held in his shares of the issuing company for the transfer of formalities, that is, the company's shareholders on the register of shareholders to register his own name and the number of shares held, and so on. With this step completed, the stock transaction is considered finalized.

Stock trading hours

China's stock market opens Monday through Friday, from 9:30 to 11:30 in the morning, and from 13:00 to 15:00 in the afternoon, the same in all parts of China, subject to Beijing time.

Every morning from 9:15 minutes to 9:25 minutes is the collection of bidding time. The so-called collection of bidding is in the day has not been traded price, you can be based on the previous day's closing price and the stock market on the day of the forecast to enter the stock price.

And all prices entered into the computer host during this time are equal, and at the end of the time of uniform trading, according to the principle of maximum volume to set the price of the stock, this price is known as the price of the pooled bidding, and this process is known as pooled bidding.

See the pooled bidding entry for the rules of pooled bidding. Matching principle is the buyer price priority, the seller price priority, the same price is the first to participate in the bidding priority, but the whole trading process is not distributed to match, but is the end of the bidding centralized matching completed.

Collective bidding time for 9:15-9:25, you can hang orders, 9:25 after you can not hang orders. You have to wait until 9:30 to trade freely.

Baidu Encyclopedia - T+1

Baidu Encyclopedia - Stock Trading