T+1 Settlement
All trades are settled in RMB.
Stocks purchased on a given day (T) cannot be sold on the same day - selling of those stocks can be placed the next trading day (T+1).
The sale proceeds of a given day (T) are settled on the next trading day (T+1), i.e., they cannot be withdrawn on the same day.
Note: With Tiger, the sale proceeds of Stock Connect of a given day (T) are made available for trading on the same day.