What do you mean by long positions and short positions in Hong Kong stocks?

A good position, also known as a long position, is represented by L, which is equivalent to the long position we are talking about here, and can be roughly understood as holding shares or holding call options. Short, also known as short, is represented by S, which can be roughly understood as shorting or holding put options.

Good positions exceeding 5% should be disclosed, but there is no separate requirement for short positions. However, if a shareholder holds a good position of more than 5%, then no matter how many short positions he holds, it should be disclosed at the same time.

On the whole, the Stock Exchange has a protective attitude towards short position holders, and short sellers are invisible unless they hold more than 5% of good positions at the same time. Short positions are generally disclosed every Friday, but the Stock Exchange only discloses the total number of short positions, and there is no specific list for enquiry.

In other words, if a person establishes a large number of short positions on Monday, theoretically, he can only see them after the close of next Friday, and he can only see the total number without seeing the specific names. The disclosure format is shown in the figure below.

Hong kong stock account opening

The development of Hong Kong stocks is more stable and mature than the A-share market. With the increasing knowledge of mainland investors, they realize the difference between Hong Kong stocks and A-shares, and then turn their attention to the Hong Kong stock market.

brief introduction

To open an account in Hong Kong stocks, you only need to provide your ID card and proof of residence address, and then sign an information form.

data preparation

1. Copy of ID card: Copy the front and back of the new ID card on a piece of paper.

2. Address proof: water and electricity bills, telephone bills, credit card bills or other public agency bills, and the name and address of the account holder should be correctly reflected on the documents. You can also entrust a neighborhood Committee or residential property to issue an address certificate.

Account opening process

1. Take the account opening information to the office, fill in the account opening form and practice the signature font. Tip: Pay attention to the following points when filling out the form: the font should be as clear as possible and should not be altered, and the signature font should be as consistent as possible. Don't change the font every time you sign. You can choose a cash account and a margin account (a margin account is an account backed by stocks).

2. Your account opening information (copy of ID card, proof of address, account opening form) will be sent to Hong Kong headquarters by the office staff at five o'clock every night.

In about three days, you will receive a phone call from an employee of a Hong Kong company to confirm your information. If there is anything wrong or inappropriate in the form, it will also be explained on the phone. If all goes well, you will move on to the next step.

A few days later, I received an email with account information and password.

5. After opening an account successfully, you can remit money after receiving the account information and password.

About remittance

Bank Remittance: Remittance can be made to any state-owned bank such as China Bank, China Construction Bank, China Industrial and Commercial Bank and China Merchants Bank. It is suggested that CCB and CCB complete remittance in one window, and the remittance speed is the fastest, reaching within 24 hours.

Remittance method: exchange money before telegraphic transfer. It is best to know the English name and address of the other bank when filling out the form in the bank that day. Banks do not accept foreign exchange and overseas remittance business on Saturdays and Sundays.

Securities lending is more complicated. According to the disclosure rules, borrowed securities have the obligation to repay in the future, so they are listed as short positions. If you lend your own securities, it is listed according to the good position, but the nature of the good position has changed, from "direct shareholding" to "lending shares".