What is the main difference between Hong Kong stocks and A shares?

There are 3 differences between Hong Kong stocks and A-shares:

1. The essence of the two is different:

1. The essence of Hong Kong stocks: blue chips, state-owned enterprise stocks, and red chips.

2. The essence of A-shares: RMB ordinary**.

Second, the trading rules of the two are different:

1. Trading rules for Hong Kong stocks: Each ** traded on the exchange is traded at a specified "price", which represents the minimum range that can be increased or decreased, and is related to the ** range in which the ** is located.

The exchange's price table specifies the price level from 1000-9995 Hong Kong dollars per ** price (price in Hong Kong dollars) to ** prices in Hong Kong dollars (price in Hong Kong dollars). When a certain price rises or goes to another range, its price will also change.

2. Trading rules for A shares: The trading unit of ** is "shares", 100 shares = 1 lot, and the number of orders must be 100 shares or their integer multiples. When the number of orders cannot be fully traded or dividends are given, there may be fractional shares (less than 1 lot is fractional shares), and fractional shares can only be entrusted to sell, and cannot be entrusted with **fractional shares.

3. The delivery system of the two is different:

1. Delivery system for Hong Kong stocks: T+2 day settlement system.

2. Delivery system for A shares: T+1 day delivery system.

A-shares are listed on the mainland, that is, listed in Shenzhen or Shanghai, and Hong Kong stocks (i.e., H-shares) are listed in Hong Kong.

Hong Kong stocks are all large institutions, and large investment banks hold A-shares, and the proportion of small non-holdings is too large.

What is the difference between Hong Kong stocks and A-shares?

The general differences between A-shares and Hong Kong stocks are as follows:

1. The trading system is different.

Hong Kong stocks implement a T+0 rotary trading system; shares are traded on a T+1 basis.

2. The price limit system is different.

There is no price limit in the Hong Kong market**; There is a 10% price limit for A-shares, a 5% price limit for risk alert**, and a 20% price limit for the Science and Technology Innovation Board and ChiNext Board.

3. **The display is different.

The Hong Kong market is the same as most overseas markets, the color displayed on the screen is green, and the number of branches is red; A shares are green for ** and red for **.

4. The number of shares in the whole lot is different.

The Hong Kong market is different** you can set up different numbers of trading units per lot; The trading unit of each lot in the A** market is unified at 100 shares.

5. The preparation of different Hong Kong stocks is composed of 5 digits; The **** of the a**field consists of 6 digits.

6. The transaction currency is different.

Hong Kong stocks are mainly traded in Hong Kong dollars; The trading currency of the a** market is RMB.

7. Trading days are different.

Due to the different holiday arrangements, the trading days of the Hong Kong market and the A** market are not exactly the same, such as Easter, Christmas, etc., the Hong Kong market will be closed, and the mainland generally has 7 days off during the Spring Festival, while Hong Kong only has 4 and a half days off. On the eve of Christmas, New Year, and Lunar New Year, there is only half a day of trading in Hong Kong. In addition, the 9:09 of the trading day of the Hong Kong Stock Exchange

00 to 9:30 is the pre-opening session, 9:30 to 12:00

00 is the first trading session in the morning, and 13:00 to 16:00 is the afternoon continuous trading session.

8. The settlement system is different.

The settlement cycle between the Hong Kong market** settlement and the broker is T+2 days, that is, it takes at least 2 days for the investor to receive this payment after selling**. In the A** market, the settlement cycle is generally T+1 day, that is, the ** sold on the same day, and the investor can receive the money on the 2nd day.

9. The suspension system is different.

The Hong Kong Stock Exchange may order the listed company to be temporarily suspended, suspended or delisted under such circumstances and conditions as it deems appropriate; The A** market has a clear suspension system, while the Stock Exchange does not quantify the specific duration of the suspension, but only determines the principle of "minimizing the suspension time".

10. The degree of delisting is different.

Hong Kong stocks do not have a risk warning board, and the Stock Exchange adopts non-quantitative delisting standards and has relatively large dominance in the delisting process of listed companies, which makes the delisting situation of listed companies on the Stock Exchange relatively complex compared with the A** market;

In the A** market, according to the financial status of the listed company, the corresponding mark (such as ST and *ST and other marks) is added before the abbreviation of ** to warn investors of risks.

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The differences between Shanghai and Shenzhen stocks and Hong Kong stocks are as follows:

1. The definitions are different.

Shanghai and Shenzhen refer to the exchanges in Shanghai and Shenzhen that are mainly engaged in trading. At present, there are only two ** trading markets in Shanghai and Shenzhen in mainland China, the Shenzhen Stock Exchange is the small and medium-sized board and venture capital sector, and the Shanghai ** market is the leading market in Chinese mainland, with the number of listed companies, the number of listed companies, the total market value, the circulating market value, the total transaction amount, the transaction amount and the transaction amount of government bonds all rank first.

Hong Kong stocks refer to those listed on the Hong Kong Stock Exchange**. Hong Kong's market is more mature and rational than the mainland's, and it is sensitive to the world's market. If the mainland's ** is listed in both the Inner Calendar and Hong Kong, forming a "A+H" model, the trend of A-shares can be judged according to its situation in Hong Kong**.

2. The specific operation is different.

In the prospectus of the Hong Kong Stock Exchange, there is no distinction between tradable shares and non-tradable shares, that is, all ** of listed companies are regarded as tradable shares, so their issue prices will be much lower than the issue prices on the Shanghai and Shenzhen Stock Exchanges.

It is based on this that in the subsequent share reform, when the non-tradable restricted shares were to be listed and circulated, the payment of the tradable consideration to the tradable shares was only considered, because when the new shares were not recruited, there were non-tradable restrictions on the circulation in the recruitment letters of the Shanghai and Shenzhen stock exchanges.

3. The limit of the rise and fall is different.

The mainland's ** rise and fall limit is 10%, while there is no limit on Hong Kong stocks. Hong Kong stocks implement a T+0 trading system, that is, you can sell on the same day when you buy **, while mainland ** implements T+1 trading, that is, you can only sell on the other day if you buy ** on the same day.

There are many derivatives in the Hong Kong market, such as stock indexes, derivative warrants, equity warrants, CBBCs and linked notes, etc., but in addition to stock indexes, other trading varieties in mainland China are almost zero.

A-shares and Hong Kong stocks.

There are six main differences, as follows:

1. The definitions are different. A shares refer to RMB ordinary shares, which are issued by companies in China, and are subscribed and traded by domestic institutions, organizations or individuals. Hong Kong stocks refer to the Hong Kong Stock Exchange.

Listed**;

2. The scale of the transaction market is different. A-shares: according to the Shanghai Stock Exchange.

As of December 9, 2016, the total number of A-share companies in the A** field officially exceeded 3,000, and then the IPO continued to expand, reaching 3,047 as of the 29th, with a total market value of more than 50 trillion yuan, ranking second in the world. Hong Kong stocks: according to the Hong Kong Stock Exchange.

According to the data, as of October 26, 2016, there were 1,926 listed companies on the Hong Kong Stock Exchange, with a total market capitalization of about HK$25 trillion;

3. The bull and bear market cycles are different. A-shares: Since its emergence in 1990, A-shares have spent a total of 26 years and experienced a total of 8 rounds of bull and bear alternations, of which the average duration of a bull and bear market is 12 months and months respectively.

In other words, A-shares generally show the characteristics of a long bear market cycle and a short bull market cycle. Hong Kong stocks: The Hang Seng Index is announced in Hong Kong stocks.

In the past 47 years, it has experienced a total of 7 rounds of bull and bear alternation, and the average time of the bull and bear market in its elimination gear is months and months respectively; In other words, Hong Kong stocks generally show the characteristics of a long bull market and a relatively short bear market;

4. The trading hours are different. A-share trading is mainly in the form of T+1. Hong Kong stock trading implements T+0;

5. The settlement system is different. T+1 is implemented for A-shares, and T+2 is implemented for Hong Kong stocks. That is to say, before clearing and delivery, Hong Kong stocks can make more full use of funds and repeatedly trade with Jinshiqin;

6. The price limit is different. The maximum and lowest price limits for A-shares are 10%, and there is no restriction on Hong Kong stocks.

Hong Kong stocks refer to those in the Hong Kong Special Administrative Region of the People's Republic of China.

Listed on the Hong Kong Stock Exchange**. Hong Kong's best market.

It is more mature and rational than the mainland, and it is sensitive to the world. If the mainland's ** is listed in the mainland and Hong Kong at the same time, the "A+H" model can be formed, and the trend of A-shares can be judged according to its situation in Hong Kong**.

Hong Kong stocks refer to those in the Hong Kong Special Administrative Region of the People's Republic of China.

Listed on the Hong Kong Stock Exchange**. Hong Kong stocks implement a T+0 trading system, and there is no limit on the price of all trading varieties in Hong Kong**, and there is no limit on the range of stock price fluctuations in Hong Kong stocks within a trading day, but there will be a cooling-off period. During the 5-minute cooling-off period, VCM** order filings will be made within the allowable range, and after the cooling-off period ends, the VCM** will enter normal trading without VCM restrictions.

Hong Kong's best market.

It is more mature and rational than the mainland, and it is sensitive to the world. If the mainland's ** is listed in the mainland and Hong Kong at the same time, the "A+H" model is formed, and the A-share can be judged according to its situation in Hong Kong**.

of the trend. The main components of the Hong Kong market are the market, and there is the Main Board Market and the Growth Enterprise Market (GEM).

Points. By the end of 2000, the combined market capitalization of the Main Board and GEM markets reached HK$4,862 billion, making it one of the world's major exchanges.

It ranks 11th in the middle and second in Asia.

There are many types of derivatives in the Hong Kong market, which can be mainly divided into: index derivatives, derivatives, foreign exchange derivatives, interest rate derivatives and warrants.

and other five categories.

Hong Kong stocks refer to the Hong Kong Stock Exchange listed on the **, domestic investors trading Hong Kong stocks need to open a Hong Kong stock account or Hong Kong Stock Connect account, Hong Kong stock account opening has no capital requirements, as long as you bring your ID card to open in the ** company, the Hong Kong Stock Connect account is opened with a capital threshold of 500,000, and after meeting the requirements, bring your ID card to open in the ** company.

At present, Hong Kong stocks are T+0 trading, two-way trading, and there is no limit on the rise and fall, the trading time is divided into four time periods: pre-opening session, morning market, afternoon market, and closing bidding, with the pre-opening session being 9:30-10:00 and the morning market being 10:

00-12:30, lunch 14:30-16:

00, the closing auction session is 16:00-16:10.

1. Hong Kong stocks are listed on the Hong Kong Stock Exchange. At present, Hong Kong's ** market is more mature and perfect than A-shares, and it is also more sensitive to the development and changes of the world market. 2. Many ** have also been listed on Hong Kong stocks after being listed on A-shares, and the changes in their A-shares can be judged by the changes in Hong Kong stocks.

The ** of Hong Kong stocks is 5, and the following are Hong Kong stocks ranked according to the total market capitalization, and it is easy to develop a lot of familiar **. 3. The market value of the Hong Kong market reached 4,826 billion Hong Kong dollars in 2000, ranking 11th among the world's largest exchanges. In 2018, 208 companies listed in Hong Kong, the year the Hong Kong Stock Exchange had the largest number of IPOs in the world, surpassing the New York Stock Exchange, the Nasdaq and the Tokyo Stock Exchange.

Under the trend of rewriting, the market capitalization of the Hang Seng Index has reached a value of one trillion US dollars (about 40 trillion) in a few years, ranking third in the world market after the United States and China's A** market, surpassing the third place Tokyo ** exchange.

Hong Kong stocks are the abbreviation of Hong Kong's ** market. Generally refers to the Hong Kong ** Stock Exchange. There are four ** exchanges in Hong Kong, namely the Far East ** Exchange, the Hong Kong ** Exchange, the Gold and Silver ** Exchange and the Kowloon ** Exchange.

In 1986, 4 ** exchanges merged to form the Hong Kong Stock Exchange, also known as the Hong Kong ** Exchange. The governing body of Hong Kong is the Office of the Superintendent, which is a statutory regulatory body established under the 1973 Ordinance. The Regulations 1973 also provide for the establishment of a Supervisory Committee for the Supervision of Affairs, which is responsible for decision-making in relation to the Ordinance.

Hong Kong is a world-famous free port, an important international financial center, the banking, real estate industry and processing industry are very developed, in recent years the development of the first very rapid.

What are Hong Kong stocks? Hong Kong stocks refer to the Hong Kong Stock Exchange listed on the **, domestic investors trading Hong Kong stocks need to open a Hong Kong stock account or Hong Kong Stock Connect account, Hong Kong stock account opening has no capital requirements, as long as you bring your ID card to open in the ** company, the Hong Kong Stock Connect account is opened with a capital threshold of 500,000, and after meeting the requirements, bring your ID card to open in the ** company.

At present, Hong Kong stocks are T+0 trading, two-way trading, and there is no limit on the rise and fall, the trading time is divided into four time periods: pre-opening session, morning market, afternoon market, and closing bidding, with the pre-opening session being 9:30-10:00 and the morning market being 10:

00-12:30, lunch 14:30-16:

00, the closing auction session is 16:00-16:10.