What is the difference between H shares, N shares, S shares, A shares, B shares, H shares, N shares

H-shares, N-shares, S-shares and L-shares are different in terms of place of registration, place of listing, investment object and index of concern, as follows:

1. The place of registration and the place of listing are different.

H-shares, also known as state-owned enterprise shares, are registered in the mainland and listed in Hong Kong.

N shares are registered in Chinese mainland. It is listed in New York, USA. In my country, when the word n appears before the name, it means that the stock is newly listed on the same day.

S-shares are registered in Chinese mainland and listed in Singapore. In China, it refers to those that have not yet carried out the reform of equity division or have entered the reform process but have not yet implemented the reform plan of equity division.

L shares are registered in mainland China and listed in London, and are listed overseas foreign shares.

2. The information required for investment and opening is different.

Only institutional investors in Chinese mainland can invest in H-shares, and individual investors in mainland China cannot directly invest in H-shares at present.

N-shares are open to investors in Chinese mainland, but must pass a passport and a brokerage firm to open a U.S. stock account.

S shares can be oriented to investors in mainland China, but they must pass a personal passport and **broker to open a Singapore** account. At the same time, there are currently only two S shares in China.

3. The attention index reflecting the ** situation is different.

The main index reflecting the h** situation is the Hang Seng China Enterprises Index, which can also be abbreviated as the China Enterprises Index.

The main focus indices for N-shares are the Dow Jones Index and the NASDAQ Index, the main focus index for S shares is the Straits Times Index, and the main focus index for L-shares is the Financial Times Index for London.

H-shares are Hong Kong stocks, N-shares are NASDAQ-listed**, and S-shares are listed on the Singapore Exchange**.

A-shares – the official name is RMB ordinary**. Ordinary shares** issued by companies in China for domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade in RMB**, A shares are not physical**, and are subject to paperless electronic bookkeeping.

B shares – the official name is RMB Special **. It is a foreign stock with a face value marked in RMB, subscribed and traded in foreign currency, listed and traded on the domestic (Shanghai, Shenzhen) ** exchange, and the registered and listed place of the B-share company is in China (Shenzhen and Shanghai ** exchanges), but the investor is overseas or in Hong Kong, Macao and Taiwan.

H-shares – H-shares, also known as state-owned enterprise shares, refer to foreign shares registered in the mainland and listed in Hong Kong. (Because of the Hong Kong English - Hongkong initial, it is called H shares.) ）

N shares – refers to foreign shares registered in Chinese mainland and listed in New York.

S shares - refers to those that have not yet carried out the share division reform or have entered the reform process but have not yet implemented the share division reform plan**, (because of the Singapore English - Singapore initials, and called S shares.) ）

The differences between H shares, N shares, S shares and L shares are as follows:

1. H-shares, also known as state-owned enterprise stocks, refer to foreign shares registered in the mainland and listed in Hong Kong. H shares are physical**, and the "T+0" delivery system is implemented, with no limit on the rise and fall. Institutional investors in China can invest in H-shares, while individuals in mainland China are not allowed to invest directly in H-shares.

2. N shares refer to those foreign investors listed on the **Stock Exchange in New York, USA, with the first letter N at the beginning of New York as the name. In my country, when the word n appears before the name, it means that the stock is newly listed on the same day, and the letter n is the abbreviation of English new. When seeing ** with the prefix N, investors should not only know that it is a new stock, but also realize that the stock price of this ** is not limited by the rise and fall of the market on the same day, and the increase can be higher than 10%, and the decline can be less than 10%.

3. S shares in China refer to the ** that has not yet carried out the equity division reform or has entered the reform process but has not yet implemented the equity division reform plan, add S before the share name, this mark has been enabled since October 9, 2006, and the daily rise and fall is still up and down 10% (ST shares are 5%). From January 8, 2007, the daily increase and decrease will be adjusted to plus or minus 5%. S shares refer to those whose core business such as production or operation is in Chinese mainland, and the company is registered in the mainland, but is listed on the Hillsong Bend Dust Slope Exchange**.

4. L shares, listed on the London Stock Exchange. It refers to the foreign shares of the company registered in mainland China and listed in London. It is a foreign stock listed overseas, which is classified according to the region of listing.

Both A shares and B shares are issued by listed companies in China's ** market (or some listed companies issue both types of A and B**, or even A and H at the same time**). The differences between them include the following aspects:

1. Different categories of ** issued by listed companies

A shares are paid in RMB issued by listed companies**;

B shares are issued by listed companies and paid in US dollars (traded on the Shanghai Stock Exchange, referred to as the Shanghai Stock Exchange) or Hong Kong dollars (traded on the Shenzhen Stock Exchange, referred to as the Shenzhen Stock Exchange);

The official name of A shares is RMB ordinary**. It is issued by companies in China and is subscribed and traded in RMB by domestic institutions, organizations, or individuals (excluding investors from Taiwan, Hong Kong and Macao). In 1990, there were only 10 A-shares in China, and by the end of 1997, the number of A-shares had increased to 720, with a total share capital of 164.6 billion shares and a total market value of 1,752.9 billion yuan, with a ratio of GDP to.

In 1997, the annual turnover of A-shares was RMB3,029.5 billion. After several years of rapid development, China's A-share market has begun to take shape.

1. The H-share index is a foreign capital ** registered in Chinese mainland and listed in Hong Kong**, which is not subject to price limit and is a physical stock;

2. N shares index foreign stocks listed in New York**, the increase can be greater than 10% or less than 10%, which is a new stock;

3. The S share index is listed on the Singapore Stock Exchange, but has not yet implemented the reform of equity structure distribution, and the daily rise and fall is between 5%.

What are the main differences between H-shares, N** and S-shares?

1 is denominated in different units: H** is denominated in Hong Kong dollars, N shares are denominated in US dollars, and S shares are denominated in Singapore dollars;

2. The three are different from each other: H** is listed on the Hong Kong Stock Exchange, N** is listed on the New York Stock Exchange, and S** is listed on the Singapore ** Exchange;

The minimum market capitalisation requirements for listing are different: the minimum market capitalization for H** listing is HK$200 million, the minimum market capitalization for N** listing is US$40 million, and the net tangible asset value is over US$40 million, and the minimum market capitalization for S** is S$80 million;

Fourth, the trading time of the three shares is different: h**30-12:00, 13:

00-16:00, n** trading time 1:30-04:00 the next day

00, ** trading time - 04:00 the next day, s** trading time : 00-17:

00, trading hours throughout the day.

A shares: RMB ordinary shares. It is an ordinary share issued by a company in the China Border Chain Core and is available for domestic institutions, organizations or individuals to subscribe and trade in RMB**.

Specifically, it includes: the main board of the Shanghai Stock Exchange**. **Starting with 6, such as Baiyun Airport (600004), Shanghai Pudong Development Bank (600000), etc., there are 1199 so far.

Circulated on the main board, small and medium-sized board of the Shenzhen Stock Exchange and the Growth Enterprise Market. **Starting with 0 or 300, such as Ping An Bank (000001), NHU (002001), Teruide (300001), etc., there are 1884 as of now.

B shares: RMB special**. It is a foreign stock that is subscribed and traded in foreign currency at the face value of RMB and listed on the Shanghai Stock Exchange or Shenzhen Stock Exchange, but the place of registration and listing of the B-share company is in China.

H shares: also known as state-owned enterprise shares. It refers to a foreign stock registered in the Mainland and listed in Hong Kong.

N shares: refers to foreign capital listed on the **Stock Exchange in New York, USA.

S shares: refers to enterprises whose core business such as main production or operation is in Chinese mainland, and the company is registered in the mainland, but is listed on the Singapore Exchange**.

H is the English initials of honkong (Hong Kong); N is the English acronym of NYC (New York English abbreviation); S is the initials of Singapore (Singapore).