What is the difference between A shares and B shares, and where are they listed?

At present, China's listed companies are divided into A shares, B shares, H shares, N shares and S shares. This distinction is mainly based on the place where the company is listed and the investors it faces.

The official name of A shares is RMB ordinary**. It is an ordinary share issued by a domestic company in China for domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade in RMB**.

The official name of the B share is RMB Special**. It is denominated in RMB, subscribed and traded in foreign currency, and listed and traded on domestic (Shanghai and Shenzhen)** exchanges. Its investors are limited to:

Foreign natural persons, legal persons and other organizations, natural persons, legal persons and other organizations in Hong Kong, Macao and Taiwan, Chinese citizens residing abroad, and other investors as stipulated by the China Securities Regulatory Commission. At this stage, investors in B-shares are mainly institutional investors in the above categories. The place of registration and listing of a B-share company is in China, except that the investors are overseas or in Hong Kong, Macau and Taiwan.

A-shares index for companies listed in Shanghai and Shenzhen**, denominated in RMB; B-share indices are listed in Shanghai and Shenzhen and traded in US dollars or Hong Kong dollars**. Shanghai B shares are denominated in US dollars, while **B shares are denominated in Hong Kong dollars, so there is a big difference in stock prices between the two markets.

It is a part of the ownership of the joint-stock company, and it is also a certificate of ownership issued by the joint-stock company to each owner as a shareholding certificate in order to raise funds and obtain dividends and bonuses. Each share** represents a shareholder's ownership of a basic unit of the business. Every public company will issue a **.

Each copy of the same category** represents equal ownership of the company. The size of the ownership share of the company owned by each owner depends on the proportion of the number of shares held by the owner in the total share capital of the company. ** It is a component of the capital of a joint-stock company, which can be transferred, bought and sold, and is the main long-term credit instrument in the capital market, but the company cannot be required to return its capital contribution.

** is a kind of valuable**, is a joint stock company to raise capital issued to the investor of the share certificate, on behalf of its holder (i.e. shareholders) of the ownership of the joint stock company, the purchase of ** is also a part of the purchase of the business of the enterprise, can grow together with the enterprise.

To open an A-share account, you need to fill in the account opening application form and provide a personal ID card, and you can currently open an account directly on the ** company's APP; To open a B share account, you need to provide the original and copy of your ID card, and bring your ID card to the business hall of ** company to open an account, and the minimum amount of the account is 1,000 US dollars.

1. The operation process of opening an A-share account.

1. Individual account opening operation process:

1) Fill in the account opening application form.

The customer fills in the "Account Opening Application Form" (in duplicate), the "Transaction Entrustment Agreement", and the "Designated Transaction Agreement" of the Shanghai account, and signs for confirmation.

2) Verification: Customers need to provide their ID cards and the original Shanghai and Shenzhen shareholder account cards.

3) Account opening processing:

For customers who meet the requirements for opening an account, the counter handling staff will input the customer's account opening information into the computer, and require the customer to set the initial transaction password and fund access password, and print the "Customer Account Opening Receipt" (in duplicate). At the same time, the counter handling staff will open a fund account number for the customer according to the account opening serial number, and issue a "** transaction card" to the customer, and ask the customer to sign the "customer account opening receipt".

2. B-share account opening operation process.

1. Domestic resident individuals:

To open a B-share capital account and ** account, a domestic resident individual must provide the original and copy of the ID card, the B-share ** account card, and must also apply for the following requirements:

1) With their ID card, they should go to their original foreign exchange deposit bank to transfer their cash deposits and foreign currency cash deposits to the B share fund account number of the local bank designated by **share**, and the transfer of foreign exchange funds between banks or other places is not allowed for the time being. The bank shall issue a receipt voucher to the customer and a statement of statement to the business department of Chase**.

2) Open a B-share capital account at the counter of Chase** Business Department with your ID card and your payment voucher, and the minimum amount to open a B-share capital account is equivalent to US$1,000. The client fills in the "Account Opening Application Form" in person.

3) For other account opening procedures, please refer to "Individual Account Opening Process".

A-shares are in Shanghai and B-shares are in Shenzhen.

The official name of A shares is RMB ordinary**. It is issued by our domestic company for domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade in RMB ordinary shares**, China's A-share ** market after several years of rapid development, has begun to take shape.

1. The categories of A shares and B shares are different.

A shares are issued by listed companies to be paid in RMB**, and B shares are issued by listed companies to be paid in US dollars**.

2. The place of trading is different.

The A-share trading market is on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, but B shares traded in US dollars can only be traded on the Shanghai Stock Exchange, and B shares traded in Hong Kong dollars can only be traded on the Shenzhen Stock Exchange.

3. The investment objects are different.

A shares are domestic individuals and enterprises can invest and trade**, but B shares can be domestic individuals or institutions with foreign exchange cash or cash exchange, foreign individuals and institutions, and can also be individuals and institutions in China with foreign foreign exchange. The fourth point is the difference in transaction fees. The fees associated with A-share trading generally vary from trading commission, but B-shares will pay a trading commission of around 1%.

4. The calculation of dividends is different.

The dividends of A-shares are generally paid in RMB; However, B shares are generally calculated in accordance with international accounting standards for the company's profit level, and a certain exchange rate is used to convert it into foreign exchange and pay it to shareholders.

The difference between A shares and B shares is that A shares are issued by listed companies to pay in RMBB sharesIt is the listed company to pay in US dollars, and A shares are traded in the Shanghai Stock Exchange and Shenzhen, and the B shares traded in US dollars can only be traded in Hong Kong dollars on the Shanghai Stock ExchangeB sharesIt can only be traded on the Shenzhen Stock Exchange, which is the difference between A shares and B shares.

The official name of A-shares is RMB ordinary**. It is an ordinary share issued by a company in China for domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade in RMB**.

The official name of B shares is RMB Special **, which is marked with the face value of RMB, subscribed and traded in foreign currency, and listed and traded on domestic (Shanghai, Shenzhen)** exchanges. The trading varieties include Shenzhen B shares and Shanghai B shares.

A-shares** are traded in RMB, B shares in Shanghai are traded in US dollars, and B shares in Shenzhen are traded in Hong Kong dollars. It was originally designed to protect the founders' rights and interests and prevent their equity from being diluted by multiple rounds of financing. As a defensive means of the capital market, it has been adopted by numerous business cases.

A shares generally refer to RMB ordinary**. It is issued by companies in China, allowing domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade ordinary shares ** in RMB, A shares are not physical **, with paperless electronic bookkeeping, the implementation of the "T+1" delivery system, with a 10% rise and fall limit, participating investors are Chinese mainland institutions or individuals.

B shares refer to RMB special**. It is marked with RMB to indicate the face value, subscribed and traded in foreign currency, and is listed and traded on the ** exchange in China (such as: Shanghai, Shenzhen).

The restrictions on its investors are: foreign natural persons, legal persons and other organizations, natural persons, legal persons and other organizations in Hong Kong, Macao and Taiwan, Chinese citizens who have settled abroad for a long time, and other investors stipulated by the China Securities Regulatory Commission. At this stage, the investors of B-shares are mainly institutional investors in the above categories.

B-share companies are registered and listed in China, but the investors are overseas or in Hong Kong, Macau and Taiwan.

The categories of A shares and B shares are different. A shares are issued by listed companies to be paid in RMB**, and B shares are issued by listed companies to be paid in US dollars**.

The place of trading is different. The A-share trading market is on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, but B shares traded in US dollars can only be traded on the Shanghai Stock Exchange, and B shares traded in Hong Kong dollars can only be traded on the Shenzhen Stock Exchange.

The investment object is different. A shares are domestic individuals and enterprises can invest and trade**, but B shares can be domestic individuals or institutions with foreign exchange cash or cash exchange.

Differences in Transaction Fees The fees associated with A-share trading are generally charged with trading commissions that vary between them, but B-shares will pay a trading commission of around 1%.

There are 3 differences between A shares and B shares:

1. The essence of the two is different:

1. The essence of A shares: A shares are also known as RMB ordinary shares**, tradable shares, public shares, and ordinary shares. Refers to those ordinary ** registered in Chinese mainland and listed in Chinese mainland. Subscribe and trade in RMB.

2. The essence of B shares: The official name of B shares is RMB special **. It is a foreign stock with a face value marked in RMB, subscribed and traded in foreign currency, and listed and traded on the ** exchange in China (Shanghai and Shenzhen).

2. The delivery system of the two is different:

1. Delivery system for A shares: A shares implement the T+0 delivery system.

2. Delivery system for B shares: The delivery system for B shares is T+3.

3. The nature of the two is different:

1. The nature of A-shares: A-shares are for domestic investors to invest in.

2. The nature of B shares: B shares are for foreign investors to invest.

1. Different categories:

A shares are paid in RMB issued by listed companies**; B shares are issued by listed companies and paid in foreign currency**.

2. Different trading venues:

The A-share trading markets are the Shanghai Stock Exchange and the Shenzhen Stock Exchange; B shares traded in US dollars are only on the Shanghai Stock Exchange, and B shares traded in Hong Kong dollars are only on the Shenzhen Stock Exchange.

3. The purchase qualifications are different.

The official name of A shares is RMB ordinary**. The official name of the B share is RMB Special**.

A shares are ordinary shares issued by companies in China for domestic institutions, organizations or individuals to subscribe for and trade in RMB**. B shares refer to RMB Special **, which is subscribed and traded in foreign currencies with the face value of RMB.

A-shares are issued in China and settled in RMB**. Shanghai ** Exchange A shares refers to the ** A shares issued on the Shanghai ** Exchange. Shenzhen A-shares are issued on the Shenzhen ** Stock Exchange.

B-shares are issued in China and settled in foreign currency investments** Shanghai B shares and Shenzhen B shares are issued on the Shanghai and Shenzhen ** Stock Exchange The Shanghai ** Exchange ** is a ** index.

1.Who is the issuer.

SSE A-shares are issued to domestic residents and are traded in RMB.

SSE B shares are issued to overseas shareholders and traded in US dollars, and are now open to both domestic residents.

2.Earnability.

**The market is driven by the fundamentals of listed companies, and market funds.

Since the US dollar in China is restricted in and out, and most of the foreign exchange has become the country's foreign exchange reserves.

In the short term, the market rally is the result of a money push. Since the U.S. dollar, which drives the momentum, is not free to circulate in China, of course, it also restricts the ** of B shares.

A-shares are driven by RMB, because RMB is not an international currency and has not been able to flow out of foreign countries, so the country's substantial increase in M2 has the possibility of diversion to **, which has a positive role in promoting.

3.Investment value.

Regardless of whether it is A shares or B shares, the size of the equity represented by each share is the same.

The Shanghai Stock Exchange is the Shanghai ** Stock Exchange, which generally refers to companies listed on the Shanghai ** Stock Exchange.

SZSE is the Shenzhen ** Stock Exchange, which generally refers to companies listed on the Shenzhen ** Stock Exchange.

Shares are also known as RMB ordinary shares**, tradable shares, public shares, and ordinary shares. Refers to those ordinary ** registered in Chinese mainland and listed in Chinese mainland. Subscribe and trade in RMB.

A shares are not physical **, with paperless electronic accounting, the implementation of the "T+1" delivery system, with a limit on the rise and fall (10%), and the participating investors are institutions or individuals in Chinese mainland.

B-shares are also known as RMB special**. It refers to those special ** registered in Chinese mainland and listed in Chinese mainland. The face value is denominated in RMB, which can only be subscribed and traded in foreign currency. In 1991, the first B-share Shanghai Electric Vacuum B-share was issued.

B shares are not physical**, with paperless electronic accounting, the implementation of the "T+3" delivery system, with a limit on the rise and fall (10%), participating investors are residents of Hong Kong, Macau, Taiwan and foreigners, and mainland residents who hold legal foreign exchange deposits can also invest.

A shares are traded in renminbi and B shares are traded in U.S. dollars.

The SSE is Shanghai**.

SZSE is Shenzhen**.

**What does A share and B share mean.

Difference Between A Shares and B Shares:

A shares: also known as RMB ordinary**, B shares: also known as RMB special**, are not physical**.

Paperless electronic bookkeeping, trading hours, price changes, The same listed company can first issue A shares and then issue B shares. Of course, it is also necessary to obtain the approval of the Securities and Futures Commission separately. There are also companies that only issue B shares;

A shares are subscribed and traded in RMB, B shares are subscribed and traded in US dollars when listed on the Shanghai Stock Exchange, and B shares are subscribed and traded in Hong Kong dollars when listed on the ** market;

A shares should be opened in the business department to open Shanghai and **** accounts, and now the account opening is generally free. B shares should also be opened in the business department to open Shanghai stock market and **** accounts respectively, and the account opening fees in US dollars and Hong Kong dollars should be charged respectively. As long as both A shares and B shares are opened in one ** business department, the four ** ticket accounts can be displayed in one fund account.

However, there is no conversion between RMB and foreign exchange in the account. Foreign exchange between the same fund account can be exchanged online through the business department, and the exchange fee is charged;

Investors in A-shares are domestic institutions, organizations, or individuals, while investors in B-shares were previously defined as foreign natural persons, legal persons and other organizations, natural persons, legal persons and other organizations in Hong Kong, Macao and Taiwan, and Chinese citizens residing abroad. The B** field is open to domestic residents, and the foreign exchange deposited in the bank before February 19 can enter the B** field first, and the others can only enter on June 1. This triggered a wave of skyrocketing prices that lasted for several months****.

The b** field is not open to institutions so far. Summary: The above is the difference between A shares and B shares.