1, A shares and B shares have different categories.
A shares are issued by listed companies and paid in RMB, while B shares are issued by listed companies and paid in US dollars.
2. trading places is different.
The A-share market is in Shanghai Stock Exchange and Shenzhen Stock Exchange, but B-shares traded in US dollars can only be in Shanghai Stock Exchange and B-shares traded in Hong Kong dollars can only be in Shenzhen Stock Exchange.
3. Different investment objects.
A shares are stocks that domestic individuals and enterprises can invest and trade, but B shares can be foreign exchange cash or cash held by domestic individuals or institutions, foreign individuals and institutions, and foreign exchange held by domestic individuals and institutions.
4. Different transaction costs
Generally, the fees related to A-share transactions are 0.2-0.3%, but B-shares will pay about 1%.
5. Dividends are calculated in different ways.
Dividends of A shares are generally paid in RMB; B shares are generally calculated according to international accounting standards and converted into foreign exchange at a certain exchange rate for payment to shareholders.
Two. Introduction of A shares and B shares:
1.a shares are actually a trading market, and everyone can buy and sell shares freely in China. China's A-share market consists of two exchanges, one is Shanghai Stock Exchange and the other is Shenzhen Stock Exchange. Shanghai Stock Exchange consists of two parts: the main board and the science and technology innovation board. The stock code at the beginning of 60 is the main board, and 60 is dominated by central enterprises, such as Industrial and Commercial Bank of China, China Merchants Bank, Kweichow Moutai and China Petroleum. Companies listed on Shenzhen Main Board are large or well-known private enterprises, such as Midea Group and Gree Electric.
B shares are not physical shares. They rely on paperless electronic bookkeeping and implement the "T+3" delivery system, with price limit (65,438+00%). B shares are denominated in RMB, but they need to be purchased in foreign currency. Both A shares and B shares are listed on the Shanghai or Shenzhen stock exchanges. The official name of B shares is RMB special shares. It is a foreign-funded stock denominated in RMB, subscribed and traded in foreign currency, and listed and traded in China (Shanghai, Shenzhen) Stock Exchange. B-share companies are registered and listed in China. Before 200 1, investors were limited to foreigners. After 200 1, domestic individual residents are allowed to invest in B shares.