What does it mean to be represented by Shenzhen Stock Connect?

Stock-Shenzhen Stock Connect means that investors entrust Hong Kong brokers to report to the Shenzhen Stock Exchange through the securities trading service company (bid-ask spread delivery) established by the Stock Exchange of Hong Kong, and buy and sell stocks listed on the Shenzhen Stock Exchange within the scope stipulated by Shenzhen-Hong Kong Stock Connect. Shenzhen Stock Connect means that Hong Kong funds need to invest in stocks listed on Shenzhen Stock Exchange, and it is necessary to open Shenzhen Stock Connect for trading. Hong Kong Stock Connect is the story that Chinese mainland wants to invest in Hong Kong, so it is necessary to open Hong Kong Stock Connect for trading.

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1. What do Shenzhen Stock Connect and Hong Kong Stock Connect mean?

What does Shenzhen Stock Connect mean? Shenzhen Stock Connect means that if Hong Kong funds want to invest in stocks listed on Shenzhen Stock Exchange, they need to open Shenzhen Stock Connect for trading. Hong Kong Stock Connect is the story that Chinese mainland wants to invest in Hong Kong, so it is necessary to open Hong Kong Stock Connect for trading. There are also two kinds of stocks, Hong Kong Stock Connect and Shanghai Stock Connect.

In addition to these two, there is also the Shanghai Stock Connect, which means that Hong Kong funds want to invest in the stocks of the Shanghai Stock Exchange and need to open the Shanghai Stock Connect. So what is the specific situation? Let me share my opinion with you.

1, Shenzhen Stock Connect First, let's talk about what Shenzhen Stock Connect means. Shenzhen Stock Connect means that if Hong Kong funds want to invest in stocks listed on Shenzhen Stock Exchange, they need to open Shenzhen Stock Connect for trading. They can bring Hong Kong capital from Hong Kong, or foreign capital invested by Hong Kong in the Mainland, to the Mainland market for transactions.

2. Hong Kong Stock Connect is the story of Chinese mainland wanting to invest in Hong Kong, so it is necessary to open the Hong Kong Stock Connect for trading. But our handling fee is particularly high, because the taxes and fees to be collected are relatively high.

3. In addition to these two, Shanghai Stock Connect also has Shanghai Stock Connect. This means that if the funds from Hong Kong want to invest in the stocks of the Shanghai Stock Exchange, it is necessary to open the Shanghai Stock Connect. This is the same as Shenzhen Stock Connect, except that one is Shenzhen Stock Exchange and the other is Shanghai Stock Exchange.

2. The differences between Shenzhen Stock Exchange and Shanghai Stock Exchange are as follows.

Shenzhen stock market has the beginning of main board 000, small and medium-sized board 002, GEM 300 and B-share 200. The Shanghai Stock Exchange only has the beginning of the main board 60 and the beginning of the B-share 900. Shenzhen stock market adopts the trading mode of automatic custody and buying everywhere; However, the Shanghai Stock Exchange uses designated transactions, and a securities company must be selected as a customer to set up a securities account. Small and medium-sized stocks dominate Shenzhen stock market, while blue-chip stocks dominate Shanghai stock market.

3. What are the requirements for the listing of Shenzhen Stock Connect?

Shenzhen Stock Connect means that investors entrust Hong Kong brokers to report to Shenzhen Stock Exchange through the securities trading service company established by the Stock Exchange of Hong Kong in Shenzhen, and buy and sell stocks listed on Shenzhen Stock Exchange within the scope specified by Shenzhen Stock Connect.

The conditions for the Shenzhen Stock Exchange to pass the standards are: Shenzhen Stock Exchange Index with a market value of more than 6 billion yuan, Shenzhen Small and Medium-sized Index constituent stocks, and A+H listed companies listed on the Shenzhen Stock Exchange. However, it does not include stocks that have been warned by Shenzhen Stock Exchange, suspended from listing or entered the delisting consolidation period.

The trading rules of Shenzhen Stock Connect shares are similar to those of other A shares:

1, T+ 1 trading mode is implemented, that is, the stocks bought on the same day cannot be sold on the same day, and it is necessary to wait until the next trading day.

2, one-way trading, that is, investors can only do more operations.

3. Individual stocks have price limits. Generally speaking, the price limit of individual stocks is 10%.

4. Trading time: 9: 30 am-11:30 am on the trading day; 13: 00- 15: 00 pm。

5. marketing unit should buy 100 shares or integral multiples thereof.

6. Investors buy Shenzhen Stock Connect shares and settle in RMB.