How to trade Shanghai Hong Kong Stock Connect? Shanghai Hong Kong Stock Connect trading rules

Shanghai-Hong Kong Stock Connect is a market connectivity scheme that allows Hong Kong and Chinese mainland investors to trade, trade, and settle listings listed in each other's markets through exchanges and clearing houses in their respective markets.

Before trading A shares through Shanghai-Hong Kong Stock Connect, investors should ensure that their broker has become an eligible participant of the scheme. Through the Shanghai-Hong Kong Stock Connect, Hong Kong and overseas investors will be able to invest directly in the A** market for the first time, including institutional and individual investors, providing more investment options for the Hong Kong market.

** products that can be traded through Shanghai-Hong Kong Stock Connect:

At the initial stage of the pilot, the scope of Shanghai-Hong Kong Stock Connect** will include the constituent stocks of the SSE 180 Index and the SSE 380 Index, as well as A+H** listed on the Shanghai ** Stock Exchange; Southbound Stock Connect** covers the constituent stocks of the Hang Seng Composite LargeCap Index, the Hang Seng Composite MidCap Index, and A+H** listed on the Shanghai **Stock Exchange.

Investors who can participate in Shanghai-Hong Kong Stock Connect:

At the initial stage of the pilot, the Hong Kong Securities and Futures Commission required mainland investors participating in the Hong Kong Stock Connect to be limited to institutional investors, and the investment conditions for individual investors were that the total balance of ** account and capital account should not be less than RMB 500,000.

A few days ago, the Shanghai Stock Exchange and the Hong Kong Stock Exchange jointly issued a document confirming that the Shanghai-Hong Kong Stock Connect will officially start trading on November 17, 2014, and investors will usher in a major historical investment opportunity. In fact, on October 8 this year, China Clearing Corporation officially launched a unified account platform to pave the way for the Shanghai-Hong Kong Stock Connect business, and to relax the "one person, one account" restriction on Shanghai trading accounts for ordinary institutional investors and individual investors who need to open Hong Kong Stock Connect business ("Hong Kong Stock Connect" is the official name of "Shanghai-Hong Kong Stock Connect" in the mainland, the same below). Our GF** is one of the first securities firms to obtain the qualification of Hong Kong Stock Connect business.

The business brief introduction of "Hong Kong Stock Connect" is as follows:

1. How can domestic investors open a Hong Kong Stock Connect account?

1) Investors who open "Hong Kong Stock Connect" must meet the conditions, I am at least 18 years old, and have assets of 500,000 or more (when opening Hong Kong Stock Connect, I need to reach 500,000 assets in my company's ** account "cash + ** market value" to activate the business. After activation, the funds can be opted out);

Handling process: Individual investors bring their ID cards and bank cards, and make an appointment with the account manager to the business department in advance, and there will be a discount on the transaction commission for making an appointment in advance (institutional investors need to prepare a business license, etc., and need to make an appointment for details), and the appointment information is as follows.

2. What are the uses and benefits of opening the Hong Kong Stock Connect?

1) After the opening of the "Hong Kong Stock Connect", domestic investors can participate in the Hong Kong market and invest in Hong Kong stocks, which are currently "constituent stocks of the Hang Seng Composite Large Cap Index", "constituent stocks of the Hang Seng Composite Mid Cap Index", and H shares listed on the Shanghai Stock Exchange and the Stock Exchange;

2) The opening of the "Hong Kong Stock Connect" is equivalent to the release of the previous "Shanghai designated trading" single restriction, customers can take the opportunity of opening the "Hong Kong Stock Connect" to open a new Shanghai ** trading account, so as to achieve "one person and multiple households", so that investors can operate the Shanghai Stock Exchange at the same time in multiple brokerages, and will not cause conflicts to the old accounts previously opened.

How to buy Hong Kong stocks through Shanghai-Hong Kong Stock Connect.

Shanghai-Hong Kong Stock Connect. The trading hours of Hong Kong stocks are based on the trading hours of the Hong Kong market, from 9 am to 12 pm in the morning and from around 1 pm to 16:10 pm in the afternoon**. Moreover, the Hong Kong Stock Connect in the Shanghai-Hong Kong Stock Connect.

According to the trading rules of the Hong Kong Stock Exchange, there is no limit on the rise and fall, and the transaction is T+0 system and settlement T+2 system. It means that investors can sell Hong Kong stocks on the same day, and when selling, before the settlement is completed on T+2 day, the sedan transport will still enjoy the rights and interests of the **. However, the Hong Kong Stock Connect for investors** can be sold on T day and T+1 day before settlement.

The Hong Kong Stock Connect in Shanghai-Hong Kong Stock Connect is a call auction before the opening of the market from 9 a.m. to 9:30 a.m.

time, from 9 a.m. to 9:15 a.m., the exchange accepts the declaration of auction limit orders and can cancel the declaration, and from 9:15 a.m. to 9:30 a.m., the investor's entrustment declaration and cancellation declaration will be invalid. 9:30 a.m. to 12 p.m. and 1 p.m. to 4 p.m. are the continuous auction time periods, and enhanced limit order applications are accepted; For CAS**. From 16:00 to 16:10** auction trading session, where from 16:01 to 16:06, investors can enter the entrustment declaration or cancel the order.

Extended Materials. 1. How to buy Shanghai-Hong Kong Stock Connect**?

Shanghai-Hong Kong Stock Connect** requires investors to open Shanghai-Hong Kong Stock Connect permissions before they can buy and sell operations, and before opening, investors need to meet the requirements of 500,000 average daily assets in the first 20 trading days.

1. Shanghai-Hong Kong Stock Connect includes two parts: Shanghai-Hong Kong Stock Connect and Hong Kong Stock Connect, of which Shanghai-Hong Kong Stock Connect refers to the Shanghai Stock Exchange when investors entrust Hong Kong brokers to the Shanghai Stock Exchange through the Hong Kong Stock Exchange's ** trading service company.

Filing (order routing) and trading of ** listed on the Shanghai **Stock Exchange within the scope of the regulations; Hong Kong Stock Connect refers to the fact that investors entrust the Mainland** company to report (order routing) to the Hong Kong Stock Exchange through the ** trading service company established by the Shanghai ** Stock Exchange, and to trade the ** listed on the Hong Kong Stock Exchange within the specified scope.

2. Therefore, investors can purchase ** within the scope of the Shanghai Stock Connect through the Hong Kong stock financing account, and open A shares.

of the margin account to purchase the Hong Kong Stock Connect**.

It should be noted that investors borrow funds from ** through the financing account, in addition to paying ** transaction fees.

In addition to the sail, it is also necessary to pay a certain amount of interest to the ** company, and when the investor loses money, the margin.

insufficient, its position** may be liquidated.

That is, it was sold by ** company.

Shanghai-Hong Kong Stock Connect. If you want to buy Hong Kong stocks, there are two ways, one is in A shares.

Brokerages open Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, but the threshold for this method is very high, and it takes 500,000 yuan to open it successfully; The second is to open Hong Kong and U.S. stocks.

Brokers, the threshold for this method is low, about 20,000 yuan.

1.In the A-share brokerage to open Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, both individuals and institutions need 500,000 funds, and there are restrictions on what can be invested in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

2.Shanghai-Hong Kong Stock Connect.

The ** range is a constituent stock of the Hang Seng Composite LargeCap Index and the MidCap Index, both on the Hong Kong Stock Exchange.

and A+H share companies listed on the Shanghai Stock Exchange**.

3.In addition to the Shanghai-Hong Kong Stock Connect, the scope of Hong Kong Stock Connect also includes the constituent stocks of the Hang Seng Composite Small Cap Index, which must have a market value of more than HK$5 billion.

Extended Materials. Account.

1. Open Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect.

Investors should sign a Southbound Stock Connect** trading entrustment agreement and risk disclosure letter with a securities firm in the Mainland. And the investor must have opened an account with A shares.

2. Open a Hong Kong stock brokerage.

There are two ways to do this.

The first is the traditional way of opening an account, that is, opening an account at the counter of a Hong Kong brokerage.

An ID card is required.

or a passport certificate (a copy is acceptable), a copy of the silver cavity and bank card, and a proof of address. And the account holder needs to be in Hong Kong in person.

After opening an account, the staff of the brokerage company will hit **, and if there is something wrong to fill in, it will inform you in time; If there is no problem, an email will be sent in a few days, which has information and password, and the account has been successfully opened at this time, as long as you follow the prompts to remit money to invest in Hong Kong stocks.

The second is to open an account on the Internet.

It is still very troublesome to go to Hong Kong specifically, so now there are some Hong Kong brokerages that are very close to the people, and they can open an account directly online, which is convenient for you, me and him.

No matter which way to open an account, you must do your homework when choosing a brokerage, and unknown small brokerages should choose carefully. Don't be in a hurry to invest, everyone is the same, just enter the budding to get some spare money, learn while speculating, and it is better to really master some of the ways yourself.

Shanghai-Hong Kong Stock Connect can buy Cheung Kong Industrial.

CLP Holdings, The Hong Kong and China Gas, Wharf Group.

and Hong Kong stocks such as HSBC Holdings.

The Shanghai-based Stock Connect includes the Shanghai Douyan Stock Connect and the Hong Kong Stock Connect.

The two parts, the first scope of Hong Kong Stock Connect is the constituent stocks of the Hang Seng Composite LargeCap Index of the Hong Kong Stock Exchange, the Hang Seng Composite MidCap Index, and the Hong Kong Stock Exchange and the Shanghai ** Stock Exchange at the same time.

Listed A+H share companies**.

Shanghai-Hong Kong Stock Connect refers to the fact that investors entrust Hong Kong brokers to report (order passing) to the Shanghai Stock Exchange through the ** trading service company established by the Hong Kong Stock Exchange, and to trade the ** listed on the Shanghai ** Stock Exchange within the scope of the regulations.

Hong Kong Stock Connect refers to the fact that investors entrust the Mainland** company to report (order routing) to the Hong Kong Stock Exchange through the ** trading service company established by the Shanghai ** Stock Exchange, and to trade the ** listed on the Hong Kong Stock Exchange within the specified scope.

Trading fees for Shanghai-Hong Kong Stock Connect are uncertain. Eliminate potatoes.

When mainland investors trade Hong Kong stocks through the Hong Kong Stock Connect in the Shanghai-Hong Kong Stock Connect, the transaction fees will be stamp duty, transaction levy, transaction fees, and the transaction taxes and fees for the use of the Shanghai-Hong Kong Stock Connect by the Stock Exchange or by the Stock Exchange, and when mainland investors trade Hong Kong stocks through the Hong Kong Stock Connect in the Shanghai-Hong Kong Stock Connect, the transaction fees will include stamp duty, transaction levy, transaction fees, trading system usage fees, share settlement fees, ** portfolio fees, ** company handling fees. The details are as follows:

1. Stamp duty: bilateral, calculated according to the transaction amount (rounded to the dollar, less than 1 Hong Kong dollar will be calculated as 1 yuan);

2. Transaction levy: bilateral, calculated according to the transaction amount, rounded to two decimal places;

3. Transaction fee: rounded to two decimal places);

4. Transaction system usage fee: bilateral, Hong Kong dollars per transaction.

5. Settlement charges (submitted to HKSCC) include: stock settlement charges (bilateral, calculated according to the transaction amount, the minimum and maximum charges for each side are 2 Hong Kong dollars and 100 Hong Kong dollars respectively); Depository & Corporate Action Services: **Portfolio fee, which varies according to the market value of the Hong Kong stock held.

**Portfolio fee (different rates are set based on the market value of Hong Kong stocks held). The handling fee charged by the company is set and charged by the company in accordance with the regulations, and investors can consult according to the brokerage firm. **Portfolio fee refers to the depository and corporate action service fee charged by HKSCC based on the market value of Hong Kong stocks held in the account held in the name of ChinaClear at the end of each calendar day.

The other part is the handling fee charged by the company, and it is recommended to consult the specific charging standard of the corresponding brokerage. In addition, if an investor holds the same Hong Kong stock under the Shanghai-Hong Kong Stock Connect and the Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect, the tax payable by the investor will be charged separately for the two markets.

There are two types of A-shares in China, one is called the capital market and the other is called the policy market. When the state introduces any policy, the corresponding industries and ideas will rise sharply, which is the so-called "policy market".

If you are consulting about the trading costs of the Shanghai-Hong Kong Stock Connect, investors should pay taxes and fees in accordance with the relevant regulations of the Hong Kong market when trading Hong Kong Stock Connect**. Specifically, investors mainly need to pay transaction taxes, settlement and settlement service fees, depository and corporate action service fees and other taxes and fees, and the handling fees charged by Zheng Sulpa and ** Company are commissions.

Transaction taxes are collected by or on behalf of the Stock Exchange, including:

1. Stamp duty: bilateral, calculated according to the transaction amount (rounded to the dollar, less than 1 Hong Kong dollar will be calculated as 1 yuan);

2. Transaction levy: bilateral, calculated according to the transaction amount, rounded to two decimal places;

3. Transaction fee: rounded to two decimal places);

4. Transaction system usage fee: bilateral, Hong Kong dollars per transaction.

The settlement fee shall be paid to HKSCC, including:

1) Clearing and settlement services: stock settlement fee, bilateral, calculated according to the transaction amount, with a minimum and maximum charge of HK$2 and HK$100 respectively on each side (rounded to two decimal places);

2) Depository and corporate action services: **Portfolio fee, different rates are set according to the market value of Hong Kong stocks held.

**Portfolio fee refers to the depository and corporate action service fees charged by HKSCC based on the market value of Hong Kong stocks held in the account held in the name of ChinaClear at the end of each calendar day, at a decreasing rate.

The other part is the handling fee charged by the company, and it is recommended to consult the specific charging standard of the corresponding brokerage.

In addition, if an investor holds the same Hong Kong stock under the Shanghai-Hong Kong Stock Connect and the Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect, the tax payable by the investor will be charged separately from the two markets.

1.Get Shanghai-Hong Kong Stock Connect.

**Trading Eligibility: Investors need to be trading in the Shanghai Stock Exchange.

More than 500,000 funds are deposited in the account of A-share defense;

2.Apply for opening Shanghai-Hong Kong Stock Connect: ** You can apply for Shanghai-Hong Kong Stock Connect in the business hall or online, and after conducting the risk tolerance test and relevant risk notification and preparing the draft, you can successfully open it after passing the data verification according to the prompts;

3.Trading through the platform: After opening the Shanghai-Hong Kong Stock Connect permission, you can carry out the Shanghai-Hong Kong Stock Connect** trading through the platform.