1, a new account is opened for Hong Kong stocks.
Although Hong Kong Stock Connect allows mainland investors to buy Hong Kong stocks, it does not support the innovation of Hong Kong stocks. If investors want to participate in the innovation of Hong Kong stocks, they need to open Hong Kong stock accounts through brokers.
For mainland brokers who have set up subsidiaries in Hong Kong, investors can open Hong Kong stock accounts directly through their brokerage business departments in the Mainland. Some brokers have supported opening Hong Kong stock accounts online, but generally need to make an appointment first.
2. New charges for Hong Kong stocks
Subscription fee for new shares: The subscription fee for new shares is charged by the account-opening brokerage firm, generally 50- 100 Hong Kong dollars each time, regardless of whether the new shares are won or not. However, many brokers are exempt from subscription fees, or charge first and then return, which is equivalent to free.
Financing interest: Hong Kong stock account can provide investors with the maximum financing ratio of 1:9, that is, investors can borrow money from securities firms to play new shares, and the interest rate of borrowing money must be low, generally above 2%.
Stamp duty: the stamp duty rate is one thousandth of the transaction amount.
Conversion cost: Investors need to convert RMB into Hong Kong dollars to participate in the new Hong Kong stock market. In the process of exchange, there will be expenses such as product remittance fee.
3. Trading rules
There is no protection mechanism for the ups and downs of Hong Kong stocks, so there has been a situation in which Hong Kong stocks have skyrocketed and plummeted, and the probability of breaking is higher than that of A shares.
The number of first-hand transactions of Hong Kong stocks is uncertain. 100 shares, 200 shares and 500 shares are all possible.
The trading hours of Hong Kong stocks are: 9:30- 12:00, 13:00- 16:00.
The above content about how to make new Hong Kong stocks, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.