What does AH share swap mean? Please tell me more about it, thank you!

At present, there is a large premium for domestic A-share** and H-share listed companies. The AH share consideration swap is designed to eliminate this premium. China** allowing A-share and H-share swaps to narrow the valuation gap will have a huge impact on share prices, as it will effectively make two different types of ** interchangeable; Based on the performance of Hong Kong** as well as US-listed depositary receipts, the spread will disappear once the two types of depositary receipts are interchangeable.

This move will have a positive impact on H-shares, and at the same time be bearish for A-shares, especially the ** shares with smaller A-share circulation, which will be more affected by the share conversion.

Name: A Shares (RMB) H Shares (HKD) Compare Bank of China.

China CITIC Bank. Bank of Communications.

China Merchants Bank. Industrial and Commercial Bank of China.

Chinese life. Ping An of China.

China Unicom. Aluminum Corporation of China.

Sinopec. Tsingtao beer.

Dongfang Electric.

Realize the unification of the value of A shares and H shares.

A-shares are mainland, SSE and SZSE**.

H shares are Hong Kong stocks.

Now it is said that the overall price-earnings of Hong Kong stocks is low, only about a dozen.

And the domestic market is as high as 35 or more.

Relatively speaking, Hong Kong stocks have become depressions.

AH share swaps, relatively speaking, are the diversion of abundant funds from the mainland to Hong Kong stocks.

To this end, ** (QDII) is accelerating the issuance, and on October 9, Harvest's QDII was issued, with an issuance amount of 30 billion.

On the first day, the subscription funds amounted to more than 70 billion.

On October 16, CIC Morgan's QDII issuance, with a quota of 30 billion, froze 110 billion subscription funds on the same day.

In addition, two QDIIs are planned to be issued in October, and the outflow of funds has a tendency to accelerate.

It is bearish for domestic A-shares.

Brothers, retreat.

Reasons that are not justifications for heavy setbacks are found.

The meaning of the swap is that the ** on the A** field can be sold on the H** field, and similarly, the ** bought on the H** field can be sold on the A** field, in fact, everyone with a little common sense knows that at least for a long time, this is absolutely impossible. Because China's control over foreign exchange is relatively strict, it is impossible to do this. Moreover, the Hong Kong Stock Exchange is a company system, and the domestic one is a membership system, which is also a big problem.

It means that one A share can be exchanged for several H shares.

Under the premise that the renminbi is not allowed to be freely convertible, it is basically impossible.

The specific plan has not yet been introduced.

In the case of direct swaps, because most H shares are much cheaper than the corresponding domestic A shares, for example, the Sinopec H shares you buy for 12 Hong Kong dollars can be replaced with Sinopec A shares that cost 24 yuan to buy, so it is negative for A shares.

It should be that A shares rose too sharply a few days ago, and now they have changed to H shares, balance!

**It's by "frying"!

The A shares you buy can be sold in H shares, and you can sell A shares when you buy H shares.

Because A-shares are generally higher than H-shares, they make a lot of money.

So A-shares fell sharply yesterday, and H-shares rose sharply.

You don't need to understand, it's fake, and the rumors have been refuted. How can it be exchanged, there is so much difference in the value of the two places, do you want us to jump off the building collectively?

Didn't the Securities Regulatory Commission clarify today, it is a misunderstanding, I think it is impossible to achieve it in the near future, which will weaken the status of Hong Kong's financial center.

It's like you pay your salary. Personal income tax is payable. Of course, there will be buying and selling houses! China is not just a large number of people. There are also many taxes.

Tax included is the sum of the goods themselves** plus the taxes associated with the purchase and sale of the goods. Excluding tax is the product itself**.

Clerk, as the name suggests, file manager, now, should be called information manager, one to, organize all the information of the department, and the other to, timely and effective collation and reporting.

Hotel marketing is nothing more than what room and location to book, and the quantity! Standards! Oh time!

Wait a minute. All you need to do is to send this known information to the food and beverage department, housekeeping department, front office and other relevant departments in a timely and effective manner. At the same time as receiving the information feedback, it should also be passed on to the marketer to confirm whether the information is feasible.

That's basically it, and the more accurate ones can only be calculated after arriving at the hotel.

Marketing department clerk, responsibilities on the daily work of sorting, reporting, confirming information, conveying information, (company document notice, company and department meeting arrangement, etc.) each hotel is different, the specific is these, equivalent to the department assistant!

Specifically, it is responsible for promoting the hotel culture, making relevant promotional themes, and increasing the number of customers.

Others are responsible for the promotion of alcoholic beverages, so as to increase the sales of alcoholic beverages.

There is also the responsibility for logistics.

In short, there is a lot of work involved, it's just a matter of name.

Now the A shares of the same company are much higher than the H shares**, and if the AH shares are swapped, the A shares will definitely be lowered to move closer to the H shares