What is the Hong Kong stock through train? The difference between Hong Kong Stock Connect and Hong K

The State Administration of Foreign Exchange (SAFE) and the China Securities Regulatory Commission (CSRC) recently announced that domestic investors will be allowed to open foreign exchange accounts for overseas investment through pilot commercial banks such as Bank of China, and entrust these commercial banks to open ** accounts in Hong Kong.

Domestic investors can use their own foreign exchange or use RMB to buy foreign exchange, deposit foreign exchange into the first investment foreign exchange account, and invest in the first market traded in Hong Kong through the first account of the commercial bank. This business is known as the "Hong Kong Stock Express".

The State Administration of Foreign Exchange (SAFE) first approved the Bank of China branch in Tianjin Binhai New Area to carry out a pilot project for direct overseas investment by domestic individuals. However, before the official launch of the Hong Kong stock through train, after discussion, the scope of the pilot may be expanded to other commercial banks and cities. At present, this business has not been officially launched.

It is a name, which means that mainlanders can invest in Hong Kong directly through formal channels**.

Free to trade on the Hong Kong Stock Exchange**.

You can look at the trading platform of Hong Kong stocks to understand that it is to invest directly in Hong Kong stocks, because it was not allowed before.

Chinese people are free to invest in Hong Kong stocks.

The differences between Hong Kong Stock Connect and Hong Kong stocks are as follows:

1. Account opening conditions:

Hong Kong Stock Connect: A shares** account can only be opened if it meets the requirement of 500,000 yuan per day on 20 trading days and has more than half a year of trading experience.

2. Commission: (10,000 1).

Hong Kong Stock Connect: Domestic listed brokers, I know brokers, 10,000 percent, there is no minimum commission amount (there is no minimum 5 yuan limit for A shares).

Hong Kong stocks: direct trading, generally have a minimum commission requirements, brokers generally require a minimum of 50 Hong Kong dollars per transaction, and banks generally require 100 Hong Kong dollars per transaction (there are also 50 Hong Kong dollars).

3. Exchange: Hong Kong stocks: funds leaving the country generally need to charge a higher remittance fee, including telegraph fees, in addition to the handling fee (or exchange difference) of foreign currency.

Generally, a remittance is more than 100 yuan. The annual foreign exchange quota per person is 50,000 US dollars. If you exceed, you have to figure it out by yourself.

Hong Kong Stock Connect: Settlement according to the exchange rate of the day, there is an exchange rate difference (about 3% of the exchange margin is seized in advance, and the after-hours settlement is returned). There is no remittance fee.

However, if there is a short position during the trading period, you have to settle the foreign exchange once. The total amount of Hong Kong Stock Connect is 3 billion, which basically has no impact on individual investors.

4. Dividend tax:

Hong Kong stocks: directly open an account to buy Hong Kong stocks, if it is H shares (enterprises registered in the mainland), 10% dividend tax will be charged; If it is a Hong Kong or foreign-funded enterprise, no dividend tax will be charged, or it will be implemented according to the method of the country where the company is located.

Hong Kong Stock Connect: Whether it is H shares or non-H shares, it is 20% dividend tax.

5. Buying and selling targets:

Hong Kong Stock Connect: including finance, pharmaceutical, communications, technology, gaming, etc

6. Trading hours.

When the A-share market is closed, or when the Hong Kong stock market is closed, Hong Kong Stock Connect cannot be traded.

Direct investment in Hong Kong stocks, as long as Hong Kong stocks are not closed, is sufficient.

Extended Materials. About Southbound Connect.

1. Hong Kong Stock Connect refers to the fact that investors entrust members of the Shanghai Stock Exchange to declare to the Stock Exchange through the Shanghai Stock Exchange's ** trading service company, and to trade and trade on the Stock Exchange within the scope of the specified listing on the Stock Exchange**. Its scope is the constituent stocks of the Hang Seng Composite LargeCap Index of the Stock Exchange of Hong Kong, the Hang Seng Composite MidCap Index, and A+H share companies** of the Hong Kong Stock Exchange and the Shanghai **Stock Exchange**. The two parties can adjust the scope of investment targets according to the pilot situation.

In the initial phase of the pilot, the SFC required domestic investors to limit participation in the Stock Connect to institutional investors.

On November 11, China Construction Bank and Industrial and Commercial Bank of China became the first batch of settlement banks for the "Hong Kong Stock Connect" business, and were allowed to handle cross-border settlement of funds and foreign exchange for the "Hong Kong Stock Connect" business.

Hong Kong's Hang Seng Index rose from less than 20,000 points in mid-August to a record high of 31,958 points on October 30 in just two months. In November 2007, Wen Jiabao hinted that it would take time for the Hong Kong stock exchange to be implemented. Indefinitely postpone the "Hong Kong Stock Direct Express".

On November 5, Lu fiber fell 1526 points, "Hong Kong stocks hit the most serious decline in a single day, especially Chinese stocks.

The Hong Kong stock through train is the inner tank that can go to the Xiangzhi Airport to buy and sell**, which is called the Hong Kong stock through train. But now that the Internet has been put on the investment platform, it is much easier to operate.

There is more than one Zheng Ze plan to solve this problem, I think the plan I think of Zhao Congyuan can not accurately solve your problem, and the detailed answer to the clan collapse case still needs you to think about it yourself.

Update 1:**I am a family of four! **1a.The high bag is a room for one person.

Sleeper for four people in one room 1bSoft sleeper none.

The high pack has 2Hong Kong, China departs at 3:1x p.m.

I arrived around 11:30 on the second day.

About 20 hours 3A few good sittings.

According to the above single digit gum.

Of course, it's easy to sit in a high bag.

But in fact, I personally think that hard sleepers are good to sit on.

Hard sleeper is more than one person d

And most of them are Shanghainese.

He will be so enthusiastic that he will pour out plans with you.

Blow into the water. And they will help each other.

It's all a lot of fun! 4.It's thoughtful.

But sometimes attitudes aren't always good. 5.There will be people pushing carts to sell lunch boxes.

15 mosquitoes a.

It's not expensive. But it's not really delicious.

If you go to the food truck, it will be more expensive.

Stir-fry about 20 mosquitoes.

There are hot dishes. Soup.

surfaces, etc. The breakfast cart offers a so-called buffet.

There are few types and they are not good food.

In fact, people are usually used to trains, and they don't even think about trains to buy wild food.

It's not good to eat, and it's not good.

They usually bring their own cup noodles.

Bread. Or will cook it yourself and take it with you on the train 6There is a high bag.

Water, of course.

But in fact, there is nothing to rush to OK racks.

You can rush left before you go.

On the second day, I went to my residence in Shanghai and rushed 7Didn't live too high bag.

2007-10-14 22:36:43 Added: I want to correct it.

The high package is a room for two people.

Sorry, if it is a family of four, I suggest that you can take the lead soft sleeper or hard sleeper.

But if you must have a shower both then.

Gum picked two high bags

Reference: Yourself.

1.You can afford a tall bag (2 people ticket) or a soft sleeper (4 person ticket) Midro 2There is a high package, and there is no soft sleeper 3

The whole journey takes place in 19 hours 56 minutes 4Sitting alone, the terrier is comfortable lama 5The waiter is fluent in English, Mandarin and Cantonese, and the service is considerate 6 The dining car provides Chinese and Western food, and there are also cheap lunch boxes for enjoyment

If you have a high-pack wash tray, you can flush Luo, and you can flush it if you likeA penny, a penny, sit high and high, and the facilities are beautiful.

A-share through train means that investors directly purchase ** in the A** market in China through specific channels. In the past, foreign investors who wanted to participate in China's A** market generally needed to make purchases through the establishment of joint ventures or the use of limited investment channels. However, with the acceleration of the opening up of China's financial market, the A-share through train has been introduced, providing a more convenient and faster investment channel for foreign investors.

Through the A-share Express, foreign investors can directly open an account through a designated **company or **management company, and use foreign currency to purchase and trade ** listed and traded in China. This move means that foreign investors can participate in China's A** market more flexibly and enjoy the investment opportunities and returns in it.

The introduction of the A-share Express will not only help promote the international informatization of China's financial market, but also provide global investors with diversified investment options. At the same time, it is also an important step in the reform and opening up of China's financial market, demonstrating China's positive attitude towards improving financial openness and international influence.

The A-share direct train refers to foreign investors directly investing in the A** market in Chinese mainland through specific ** investment channels. In the past, foreign investors could only participate in China** through channels such as Hong Kong-Hong Kong Stock Connect or China Concept Stocks, and could not directly invest in the A** market. However, since 2014, the China** market has gradually opened up, and through train mechanisms such as the Shanghai-Hong Kong and Shenzhen-Hong Kong ** connections have been introduced, enabling foreign investors to directly buy and trade the A** market.

Through the A-share direct train, foreign investors can more easily participate in the development of Chinese mainland's economy, and at the same time promote the internationalization of China's capital market. The opening of the A-share through train has provided more investment opportunities for foreign investors, and has also brought more capital to China's capital market and institutional investors.

The A-share Express is an institutional arrangement that allows foreign investors to invest directly in Chinese mainland** (a**) through a specific mechanism. In the past, foreign investors who wanted to invest in A** markets in China usually needed to make indirect investments through Hong Kong's Stock Connect or other Qualified Foreign Institutional Investor (QFII RQFII) regimes. However, since the introduction of the A-share through train system, foreign investors can directly conduct A** market transactions directly through their own overseas institutions, which greatly reduces the investment threshold and process.

This move has promoted the opening of the international capital market to China and increased the internationalization of the A** market. Through the A-share Express, foreign investors can more easily participate in China's stock market, which is of great significance to the development of China's economy and the stabilization of the capital market.

The A-share Express is a mechanism set up by Oak Vertical Index between the Chinese mainland market and the Hong Kong market, allowing investors from Chinese mainland Liang Hengda to invest directly in Hong Kong-listed companies**, and Hong Kong investors to directly invest in Chinese mainland-listed companies**. The establishment of this mechanism can make investment between the two markets more convenient and open, and provide investors with more investment opportunities. At the same time, the A-share through train will also help to increase exchanges and cooperation between the two markets, and promote the interconnection of the two markets.

Hong Kong Stock Connect refers to the fact that investors entrust the Shanghai ** Exchange to make relevant declarations to the Hong Kong Stock Exchange, and then trade the listed companies in the Hong Kong Stock Exchange within the prescribed scope. The full name of the Hong Kong Stock Connect is called the Hong Kong Stock Express, and the main purpose of the Hong Kong Stock Connect is to broaden the restrictions on foreign investment by individual investors in China. Hong Kong Stock Connect is an integral part of Shanghai-Hong Kong Stock Connect, and the full name of Shanghai-Hong Kong Stock Connect is the Shanghai-Hong Kong ** market trading interconnection mechanism, in addition to Hong Kong Stock Connect, including Shanghai Stock Connect.

1. Shanghai-Hong Kong Stock Connect implements the opening of bilateral business, not only mainland investors can trade companies listed on the Hong Kong Stock Exchange through Hong Kong Stock Connect**, Hong Kong investors can also trade companies listed on the Shanghai Stock Exchange through Shanghai Stock Connect**. However, it should be noted that not all of the investors on both sides can be traded through the Shanghai-Hong Kong Stock Connect, and there is also a limited scope;

2. Shanghai-Hong Kong Stock Connect implements a two-way RMB settlement system, that is to say, mainland investors purchase the Stock Exchange through Hong Kong Stock Connect ** in Hong Kong dollars ** but settle in RMB, while Hong Kong investors buy Xunzha Pure Shanghai Stock Connect ** in RMB ** and trade.