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Investors can't buy Alibaba's ** through Hong Kong Stock Connect, and it is recommended to consult Guojin **, with 6 major services: 7x24 account opening service; Account-specific financial management solutions; Accurate matching services for wealth management products; Higher Quality** Consulting; Fast Transaction & Service; Richer user engagement services. [Welcome to click to learn more].
Hong Kong Stock Connect is the abbreviation of "Hong Kong Stock Exchange and A** Market Trading Interconnection Mechanism", which refers to the establishment of a technical connection between the Shanghai Stock Exchange and the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, so that investors in the two places can be listed on the other exchange within the scope of the local ** company or broker trading regulations. Shanghai-Hong Kong Stock Connect consists of two parts: Shanghai-Hong Kong Stock Connect and Hong Kong Stock Connect under Shanghai-Hong Kong Stock Connect. Among them, Shanghai-Hong Kong Stock Connect refers to the Hong Kong investors entrust Hong Kong brokers to report to the Shanghai Stock Exchange through the ** trading service company (SPV) established by the Stock Exchange in Shanghai, and the Shenzhen Stock Exchange is listed within the scope of the trading regulations; Hong Kong Stock Connect refers to the listing of ** companies in the mainland by mainland investors through the ** trading service company (SPV) established by the Shanghai Stock Exchange in Hong Kong to report to the Stock Exchange and trade ** listed on the Stock Exchange within the prescribed scope.
If you want to know more about Hong Kong Stock Connect, we recommend consulting IFC**. IFC** has always adhered to the principle of the supremacy of the interests of customers, thinking from the customer's standpoint, serving customers wholeheartedly, continuing to create value for customers, solving customers' problems, and making customers worry-free.
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Hong Kong Stock Connect cannot buy Alibaba**.
Investors use Hong Kong Stock Connect to trade Hong Kong stocks, can only buy within the scope of the target, outside the range can not buy, at the same time, the scope of the subject is not static, it is adjusted every six months, therefore, when Alibaba** is not included in the scope of the Hong Kong Stock Connect, investors can not buy Alibaba's ** through the Hong Kong Stock Connect, can only trade through the Hong Kong stock account.
Further Information] The conditions for Hong Kong stocks to be included in the Hong Kong Stock Connect are constituent stocks of the Hang Seng Composite LargeCap Index of the Hong Kong Stock Exchange, the Hang Seng Composite MidCap Index and the **H share companies of the Hong Kong Stock Exchange, Shanghai **Stock Exchange or Shenzhen **Stock Exchange**.
When the ** of the Hong Kong Stock Connect has the following circumstances, it will be transferred out of the scope of the Hong Kong Stock Connect:
1.The corresponding H shares of A H-share listed companies listed on the Shenzhen Stock Exchange that have been subject to risk warning, have been suspended from listing, or have entered the delisting period.
shares of a H-share listed company whose listing is suspended or traded on the risk alert board of the Shanghai Stock Exchange.
3.Traded on the SEHK in currencies other than Hong Kong dollars.
4.Other special circumstances as determined by the Exchange.
Hong Kong Stock Connect refers to the fact that investors entrust the mainland's ** companies to declare to the Stock Exchange through the ** trading service company established by the Shanghai Stock Exchange, and to trade ** listed on the Stock Exchange within the prescribed scope. On November 11, 2014, China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC) 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. With effect from 1 May 2018, the daily quota for Southbound Stock Connect has been adjusted from RMB10.5 billion to RMB42 billion.
Shanghai-Hong Kong Stock Connect follows the current trading and settlement laws and regulations and operation mode of the two markets, and the main system points are as follows:
1.Applicable Trading, Settlement and Listing Requirements. Transaction settlement activities shall comply with the regulations and business rules of the market where the transaction settlement takes place.
Listed companies will continue to be subject to the listing rules and other requirements of the place where they are listed. Shanghai-Hong Kong Stock Connect will only be opened when both Shanghai and Hong Kong are trading days and the settlement arrangements can be met.
2.Billing method. ChinaClear and HKSCC adopt a direct cross-border settlement method, and each other becomes each other's clearing participants and provides corresponding clearing services for Shanghai-Hong Kong Stock Connect.
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Hong Kong Stock Connect Buy** method: You can entrust the mainland ** company to buy and sell Hong Kong Stock Connect**, ** company after accepting the entrustment, through the Shanghai Stock Exchange ** trading service company, to the Stock Exchange, the declaration in the Stock Exchange trading platform after the transaction, will be through the same path to the ** company and investors to return the transaction.
It is worth noting that before investors buy and sell Hong Kong Stock Connect, they should sign a Hong Kong Stock Connect trading entrustment agreement with a mainland company, sign a risk disclosure letter, etc. Individual investors are also required to meet the conditions relating to the suitability management of Hong Kong Stock Connect investors. Investors who already have an account for RMB ordinary shares in the Shanghai Stock Exchange do not need to open a separate account.
In terms of clearing and settlement, ChinaClear, as the nominee holder of Southbound Trading**, fulfills its clearing and settlement obligations for Southbound transactions to HKSCC, which in turn conducts clearing and settlement with its Clearing Participant for Southbound Trading, and the Clearing Participant is responsible for clearing and settlement between itself and its customers. Investors participating in the Shanghai-Hong Kong Stock Connect will be settled in RMB. Mainland investors are only allowed to trade on the Stock Exchange within the scope of the "Southbound Stock Connect" and settle in HKD** and RMB in HKD**.
Hong Kong investors are limited to trading within the scope of SSE Trading** and settle in RMB.
Extended information: 1. Shanghai-Hong Kong Stock Connect refers to the Shanghai ** Stock Exchange and the Hong Kong Stock Exchange allow investors in the two places to be listed on each other's exchanges within the scope of the local ** company (or broker) trading regulations, and it is the Shanghai-Hong Kong ** market trading interconnection mechanism. The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission jointly announced on the morning of the 10th that the ** trading under the Shanghai-Hong Kong Stock Connect will begin on November 17, 2014.
Since its opening on November 17, 2014, Shanghai-Hong Kong Stock Connect has been running smoothly for more than 3 years, and various businesses such as trading, registration and settlement, foreign exchange and corporate actions have been handled normally.
2. Shanghai-Hong Kong Stock Connect includes two parts: Shanghai-Hong Kong Stock Connect and Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect refers to the fact that investors entrust Hong Kong brokers to report (order transmission) to the Shanghai ** Stock Exchange through the ** trading service company established by the Hong Kong Stock Exchange, and to trade the ** listed on the Shanghai ** Stock Exchange within the scope of the trading regulations;
Hong Kong Stock Connect refers to the fact that investors entrust a mainland ** company to report (order passing) to the Hong Kong Stock Exchange through a ** trading service company established by the Shanghai ** Stock Exchange to trade ** listed on the Hong Kong Stock Exchange within the specified scope. According to the data of the Shanghai Stock Exchange, in the six years from the opening of the Hong Kong Stock Connect in 2014 to 2019, the cumulative net ** amount was 657.5 billion yuan. The net ** for each year is shown in the table below.
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Dual-listing-s** cannot be included in the Hong Kong Stock Connect, and the rules may be amended in the future. It is recommended to consult IFC**, which has 6 special services, namely: 7x24 account opening service; Account-specific financial management solutions; Accurate matching services for wealth management products; Higher Quality** Consulting; Fast Transaction & Service; Richer user interaction services can meet diverse needs.
Previously, the three exchanges of Shanghai, Shenzhen and Hong Kong reached a consensus on the arrangement for A+H-share listed companies on the Science and Technology Innovation Board to be included in the scope of Stock Connect. Recently, the Shanghai-Shenzhen-Hong Kong Stock Exchange further negotiated and decided that if the STAR Market company** belongs to the constituent stocks of the SSE 180 and SSE 380 Index or the A shares of A+H share companies, the ** will be transferred to the scope of Shanghai-Hong Kong Stock Connect** in accordance with the existing provisions of Shanghai-Hong Kong Stock Connect, and its corresponding H shares will be transferred to the scope of Hong Kong Stock Connect** in accordance with the existing provisions of Shanghai-Shenzhen-Hong Kong Stock Connect. In addition, taking into account the suitability management of the STAR Market, investors who trade the STAR Market** through SSE Connect are intended to be limited to institutional professional investors as defined by the relevant rules of Hong Kong.
The relevant rules are subject to approval by the regulatory authorities of both places.
If you want to know more about Alibaba and Hong Kong Stock Connect, we recommend consulting IFC**. IFC**'s Investment Advisory Treasure is a consulting service product created by IFC**'s professional investment consultants relying on the top three IFC research institutes in the country; At the same time, it solves customers' investment problems and helps customers invest well and make progress every day.
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Because in 2007, Alibaba's B2B business landed on the Hong Kong Stock Exchange.
But in 2012, because of the rise of Tmall, Ali's market value in Hong Kong stocks was seriously undervalued, Ma Yun.
In desperation, he chose privatization and delisting. A year later, when Jack Ma returned with all his businesses, the Hong Kong Stock Exchange rejected Alibaba's application for return due to the Hong Kong Stock Exchange's "same shares and equal rights" restrictions.
1. There is no place to stay here, but there is a place to stay here, which is far away on the New York Stock Exchange and NASDAQ in the United States.
An olive branch was extended to Ali. Accept Alibaba's governance structure of "weighted voting rights" and show a trend of competing for Alibaba. (Weighted voting rights are Alibaba's efforts to prevent others from controlling Alibaba by purchasing ** and controlling equity.)
In other words, if you buy my weighted voting rights**, you can pay dividends, but you can't have the right to manage the company).
Second, this design is equivalent to Ali's roots in Hangzhou, China, and its branches and leaves extend to all over the world. Investors from all over the world can come and water and fertilize the tree, and the tree will give back some fruit, but no one wants to dig it up! According to Alibaba's official statement:
to preserve its mission, vision and values".
Extended material: How difficult is Ali during the entrepreneurial period?
1. Even in the most difficult times, the vision and mission have not changed! In his early days, Jack Ma was looking for investors all over the world in China, and Lei Jun, the Chinese Internet giant at the time.
Reject Jack Ma. Think he's a**! In 1998, when Ma Yun, who couldn't find investment, was faced with the fact that his salary could not be paid, Ma Yun made a "**" move, took out a key, and told Xie Shihuang, who started a business together, this key is yours, the key to the villa in the suburbs of Paris in the future!
A few years later, it became a prophecy, the eighteen Arhats of that year.
Who is still rare in a villa on the outskirts of Paris.
Second, the domestic bigwig investors are not optimistic, and they rent the core of the partners and employees to "draw cakes to fill their hunger", which is Alibaba and Japan's Softbank that have gone through this situation.
When Mr. Son invested in Alibaba, he also failed to take a controlling stake in Alibaba.
3. In September 2014, after several trade-offs, Ali finally landed on the New York Stock Exchange and raised more than $25 billion to return to the New York Stock Exchange, becoming the largest IPO in U.S. history, and also setting a record of $238.3 billion in market value on the first day.
1. Don't be in a hurry to buy **, don't just want to buy the lowest price, this is unrealistic. It is also good to really pull up**You are the high price**, so it is better to buy**miss, not to be at fault, not to buy and sell blindly**, it is best to buy **familiar with the disk**. >>>More
can be modified; The details are as follows:
If the company name changes, the company name on Alibaba Chengxin Tong can be modified under the following two conditions: >>>More
Members who join Chengxintong will have two handshake authentication graphics, which can be used by Alipay, because Alibaba provides corporate identity authentication, third-party payment platform Alipay, and integrity index for Chengxintong members to reduce transaction risks! The condition for joining Chengxin Tong is that you must be a legal enterprise and you must have sufficient supply. Then there is the cost of 2800 yuan for 1 year, 2300 yuan for the personal version before July 9, 09, and 2800 after July 9! >>>More
As Chengxin's services have been upgraded this year, under the background of the general trend of Internet+, it will help users to better build brands, tap business opportunities and improve efficiency. The biggest highlight of Chengxintong's upgrade is that it has broken through the restrictions and launched a number of cooperation platforms such as Sinwave Weibo, UC Browser, Shenma Search, DingTalk, and AutoNavi Map. Taking advantage of the advantages of Alibaba's ecological resources, the grand vision of building a whole network business matrix has taken a very solid step. the internal and external drainage effects of the station, etc., will get a qualitative leap, and the annual fee of Chengxin 6 6 8 8 is very worthwhile.
Shanghai-Hong Kong Stock Connect is divided into two parts: Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect. Hong Kong Stock Connect** supports T+0 rotary trading, while Shanghai Stock Connect** does not support T+0 rotary trading. Hong Kong stocks implement T+0 rotary trading and T+2 settlement system, and Hong Kong Stock Connect investors who are ** Hong Kong stocks on T day can only enjoy the relevant rights and interests after the settlement is completed at the end of T+2 day, but the Hong Kong Stock Connect of investors can be sold on T day and T+1 day before settlement. >>>More