ATFXAnalysis: Hong Kong Stock Connect cant+0Trading? Beware of being deceived when investing

As is well known, through the Hong Kong Stock Connect, mainland investors can also buy and sell stocks on the Hong Kong Stock Exchange. So, do you know that the Hong Kong Stock Connect cant+0Is it a transaction?What are the trading rules? Let's take a look together.

The Hong Kong Stock Connect cant+0Is it a transaction?

The Hong Kong Stock Connect cant+0Transaction. Actually, it workst+0Reverse transactions,t+2Delivery system, quoted in Hong Kong dollars and settled in Chinese yuan. And unlike the opening of the ChiNext and Sci Tech Innovation Board, after handling the Hong Kong Stock Connect business, purchasing Hong Kong stocks requires taxation20%Dividend tax. In addition, the Hong Kong Stock Connect cannot purchase all Hong Kong stocks, only a portion of them can be purchased.

The trading rules of the Hong Kong Stock Connect are as follows

【1】Trading unit. There is no unified regulation on the number of shares per "hand". Depending on the establishment of Hong Kong listed companies, it can be:100、200even to the extent that5000Everything is fine. The maximum quantity of each trading order is 3000 hands, and the maximum limit on the number of shares is99,999,999Stocks.

【2】Transaction time. Only available in9:00to9:15Declaration of limit price through bidding, on the trading day9:30-12:00as well as13:00-16:00For continuous bidding periods.

【3】Declaration method. Both investors can only make limit price declarations and cannot make market price declarations. Only "bidding limit orders" can be used during the pre market period, and "enhanced limit orders" can be used for bulk buying and selling orders during continuous trading periods.

【4】Limitations on price fluctuations. The Hong Kong Stock Connect does not have any limit on price fluctuations.

【5】Limit limit. The daily trading limits of the Shanghai Hong Kong Stock Connect and the Shenzhen Hong Kong Stock Connect are both105One billion yuan, not affecting each other, and no adjustment is allowed.

【6】Other rules. Stock pledge is allowed, but margin trading, new stock subscription, and bulk trading are not allowed.

In summary, the opening of the Hong Kong Stock Connect greatly enriches the investment options for domestic investors, enabling them to participate in the performance and earnings dividends of high-quality enterprises in the Hong Kong stock market.