> For the complete documentation index, see [llms.txt](https://docs.trade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trade.xyz/perpetuals/markets/stocks/china.md).

# China

trade\[XYZ] perpetual markets for China Stocks.

#### **External Coverage**

For China-listed equities on Shanghai Star Exchange, the Relayer derives external prices during market open trading sessions (UTC+8):

* **Monday through Friday:** 9:30 – 11:30 am and 1:00 – 2:57 pm.

#### **Internal Pricing**

Internal pricing applies outside of the market open sessions, including:

* **Monday through Friday:** 
  * 12:00 am – 9:30 am.
  * 11:30 am – 1:00 pm.
  * 2:57 pm – 12:00 am.
* Weekends and [exchange holidays](/perpetuals/specifications-and-schedules/holiday-closures.md)

#### **FX Conversion**

The relayer aggregates executable quotes for CNH-denominated instruments alongside real-time USD/CNH FX rates. To maintain consistency with XYZ’s linear contract structure, which is margined and settled exclusively in USDC, the system automatically converts these quotes into USD pricing. This ensures a seamless trading experience and eliminates currency friction for users.