No matter whether we buy or sell stocks, stamp duty is charged at 0. 1% of the turnover. For example, if we invest 1000 yuan in stocks, then we need to pay a stamp duty of one yuan. If we sell this stock, we also need to pay the stamp duty of this dollar. Because stamp duty is collected in two directions, not in one direction.
Second, the transaction levy.
This is a fee charged by the exchange. Whether you buy or sell it, you need to pay a transaction levy. There are Hong Kong Stock Exchange in Hong Kong, and there are North Stock Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange in China. In fact, they also charge a transaction levy. The transaction levy in Hong Kong is 0.0027%. The higher the transaction amount, the higher the cost.
Third, transaction costs.
The transaction fee is also charged in both directions. Whether buying or selling, the transaction fee is charged at 0.005%, which is actually charged by the Hong Kong Stock Exchange. Because our transaction must go through the Hong Kong Stock Exchange, and the Hong Kong Stock Exchange will not provide us with services for no reason, and it will definitely charge a certain fee.
Fourth, the cost of using the trading system.
The trading system belongs to the trading system developed by the Hong Kong Stock Exchange. If we use it, we will also give this fee, but this fee is not particularly high. The current trading system costs 0.5 Hong Kong dollars per transaction, which is not high.
Fifth, the cost of commission.
If we want to buy or sell stocks, we must open an account. When we open an account and trade stocks, the company that helps us open an account will charge this commission. Generally speaking, the commission of transactions is mostly 0.05%. For some securities companies, they will reduce the commission, depending on the actual fees of some securities companies. Of course, the investment in stocks must cost a certain amount. After all, people have provided us with services and platforms, but there are certain risks in stock investment, so we must be cautious.