The official name of Shanghai and Shenzhen A shares is RMB ordinary shares. It is a common stock issued by domestic companies for domestic institutions, organizations or individuals to subscribe and trade in RMB.
The official name of Shanghai and Shenzhen B shares is RMB special shares. It is a stock that is denominated in RMB, subscribed and traded in foreign currency and listed and traded in China.
difference:
1. A shares, B shares and H shares have different pricing and issuing targets.
Mainland investors do not have the conditions to speculate on H shares. Before 21, investors in B shares were restricted to foreigners, and after 21, domestic individual residents were allowed to invest in B shares.
2. The purchase method is different.
The B shares listed in Shanghai Stock Exchange are denominated in US dollars, while the B shares listed in Shenzhen Stock Exchange are denominated in Hong Kong dollars. Therefore, the share prices of the two cities are quite different. If the US dollars and Hong Kong dollars are converted into RMB, we will know that the share prices of the two places are basically the same.
3. Different letter surnames
It is not standardized to classify stocks by letter surnames. According to the requirements of China Securities Regulatory Commission, stock abbreviations must be unified and standardized. It is believed that with the further development of China's stock market, the titles of A shares, B shares and H shares will become history.
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standardize operation
1. The issuer has established and improved the system of shareholders' meeting, board of directors, board of supervisors, independent directors and secretary of the board of directors according to law, and relevant institutions and personnel can perform their duties according to law.
2. The directors, supervisors and senior managers of the issuer have already understood the laws and regulations related to the stock issuance and listing, and are aware of the legal obligations and responsibilities of listed companies and their directors, supervisors and senior managers.
3. The directors, supervisors and senior managers of the issuer meet the qualifications stipulated by laws, administrative regulations and rules, and shall not have the following circumstances: they are still banned from the securities market by the China Securities Regulatory Commission;
being punished by the China Securities Regulatory Commission in the current 36 months, or being publicly condemned by the stock exchange in the current 12 months; There is no clear conclusion that the case has been investigated by judicial organs for suspected crimes or by China Securities Regulatory Commission for suspected violations of laws and regulations.
4. The issuer's internal control system is sound and effectively implemented, which can reasonably ensure the reliability of financial reports, the legality of production and operation, and the efficiency and effectiveness of operation.
5. The issuer's articles of association have clearly defined the approval authority and review procedures for external guarantees, and there is no illegal guarantee for controlling shareholders, actual controllers and other enterprises controlled by them.
6. The issuer has a strict fund management system, and the funds shall not be occupied by the controlling shareholder, actual controller and other enterprises controlled by them by borrowing, paying off debts, paying in advance or other means.
Baidu Encyclopedia-RMB common stock