How do mainland residents sell Hong Kong stocks?

Method 1: Open a personal foreign exchange account for overseas securities investment.

The investment scale of individual residents' direct investment in overseas securities is not limited by the total amount of foreign exchange purchased of US$ 50,000 per year. In the initial stage of the pilot, investors can invest in securities publicly listed and traded on the Hong Kong Stock Exchange. An investor shall open an individual foreign exchange account for overseas securities investment in Bank of China Tianjin Branch, and entrust him to open a corresponding securities agency account in Hong Kong BOC International Securities Co., Ltd. [Full text].

Method 2: Open a Hong Kong stock account directly.

How to open an account in Hong Kong stocks?

At present, it is very simple for mainland residents to open Hong Kong stock accounts in Hong Kong. They only need to prepare their passports, passes and identity cards, and attach a water and electricity bill that can prove the permanent residence of the head of household, so they can open a Hong Kong stock account with any bank or securities company in Hong Kong. [Full text]

Specific account opening procedures (taking China Merchants Securities Hong Kong Company as an example)

First, data preparation.

1. Proof of residential address: The Hong Kong Securities Regulatory Commission requires Hong Kong investors to provide proof of their current residential address to ensure that investors can receive information mailed by securities companies.

2. ID card and photocopy

Second, sign the account opening documents.

1. The customer fills in personal basic information and signs it under the witness of the staff of China Merchants Securities (Hong Kong).

Three. Delivery of account opening materials

After receiving the customer's application for account opening and passing the examination, we will open a stock trading account and a special trust account for Standard Chartered Bank. And send the account by SMS, email, account opening letter, etc. [Full text]

How to operate Hong Kong stock trading in China?

1. Only by opening a Hong Kong stock account in the Mainland through a Hong Kong brokerage can H shares be operated. Dafu Securities (the second largest brokerage firm in Hong Kong), KGI Securities, Evergrowing Securities and BOC Hong Kong are recommended.

2. At present, except in the pilot areas, accounts are generally opened through brokerage companies in Hong Kong, so these brokerage companies will transfer funds in and out on their behalf. The specific rules are different for each brokerage company.

3. Buy and sell Hong Kong stocks directly through software, online trading or telephone trading after opening an account. [Full text]

What fees and costs will be incurred in the process of stock trading?

The transaction costs of Hong Kong stocks are very complicated, including commissions, exchange fees, government fees, and transfer fees in transfer fees. (See the website of HKEx). In practice, the regulations of each broker are different. The following is an example of China Merchants Securities Hong Kong Company. Service fee remarks

The minimum brokerage commission is/kloc-HK$ 0/00 *

Stamp duty is charged at HK$ 1.00 per transaction amount, which is collected by the Company and transferred to the Stock Exchange for payment, and the fees of the Hong Kong Special Administrative Region are paid.

The investor compensation levy is free.

The transaction levy is charged by the Company at 0.005% of the transaction amount and transferred to the stock exchange.

The transaction fee is charged by our company at 0.005% of the transaction amount, and the stock exchange will pay the fees of China Securities Regulatory Commission on behalf of customers.

The central settlement fee for stocks is free to buy and sell stocks, and the fees for buying and selling stocks are handled by the central settlement.

The stock custody fee is free in our custody fee.

Trading hours and trading rules of Hong Kong stocks

Trading time:

Monday to Friday: morning market 10:00- 12:30 noon, 2: 30-4: 00; Closed on Saturdays, Sundays and public holidays in Hong Kong. [Full text]

Trading rules:

1. T+0 cycle trading can be done in Hong Kong stock trading;

2. The actual delivery time is the second working day after the trading day (T+2); Before T+2 days, customers can't withdraw cash, physical stocks and transfer custody of purchased stocks. [Full text]

Related: [List of all Hong Kong stocks] [Blue chips] [Red chips] [State-owned shares] [GEM list]

The difference between Hong Kong stocks and A shares

Comparison project Hong Kong stocks A shares

The trading rule is T+0, and the trading times of the day are not limited to T+ 1.

Online trading is the main means of trading, but so is telephone entrustment.

Stock overdraft can be overdrawn, and there is no interest on the day of trading and no interest overnight.

There are many kinds of transactions, such as stocks, Hang Seng Index futures, options, warrants and hedge funds.

Single variety, stock, fund and warrant.

There is no limit to the fluctuation range, including

Short selling stocks, futures, options and warrants can be used to sell warrants at a profit.

The depth of circulation is free, international hot money flows in and out freely, and the trading market is active and relatively closed.

New share subscription brokers provide 1: 9 financing line, which has a high winning rate, while the winning rate of a basic employee is relatively low, and brokers do not provide financing line.

There are many high-quality companies paying dividends, and the dividends of public stocks, real estate stocks and banking stocks are generally high, with the highest annual interest rate exceeding 4.8%. There are relatively few high-quality companies with high P/E ratio, low shareholder return rate and unstable dividends.

A Comparison of Terms between Mainland and Hong Kong Stock Markets

A shares

Hong kong stocks

be long on

Well done

underrate

Do easy work

in many aspects

Close friend

A short seller/dealer

Danyou

crack