In terms of investment and financial management, Shanghai-Hong Kong Stock Connect monitors the quota of Shanghai-Hong Kong Stock Connect by monitoring the transaction data in real time. First, in the calculation of available balance, the available balance is counted in real time through real-time data calculation of transaction order declaration, order cancellation and transaction results. Second, in terms of regulatory data submission, after daily trading, the amount of quota usage and available balance of Shanghai Stock Connect and Hong Kong Stock Connect will be calculated respectively and announced to the market.
What is the daily quota of Shanghai-Hong Kong Stock Connect? The daily quota of Shanghai-Hong Kong Stock Connect needs to be calculated. The calculation method is formula.
1, formula for calculating the quota of Shanghai-Hong Kong Stock Connect
Amount balance of the day = daily amount-the difference between purchase order declaration+sales order transaction+cancellation and rejection of purchase order declaration+purchase order transaction price lower than the declared price.
Total amount balance = total amount-total amount of buy orders+total amount of sell orders.
The daily limit is calculated by net purchase. Take Hong Kong Stock Connect as an example, with a total amount of RMB 300 billion and a daily rate of RMB 654.38+0.3 billion. The maximum daily net purchase amount of Hong Kong stocks is 654.38+03 billion RMB, which can theoretically support unlimited selling and paying bills, as long as the accumulated net purchase amount at any time of the day does not exceed 654.38+03 billion RMB. For example, pay 654.38+00 billion, sell 90 billion and buy 654.38+00 billion. Therefore, the actual transaction volume can far exceed the scale of 654.38+03 billion.
The total amount is also limited to cumulative net purchases.
2. Fees and taxes of Shanghai-Hong Kong Stock Connect
The basic principle is to calculate and collect fees according to the standards and taxes of the two exchanges, that is, investors buy and sell securities in the other market and pay relevant fees and taxes according to the regulations of the market participants of both parties. Where bilateral tax arrangements are involved, they shall be handled in accordance with the relevant regulations of the competent tax authorities. In addition, the Shanghai-Hong Kong Stock Connect business does not charge other fees to investors. At the initial stage of the pilot, the relevant taxes and fees generated by Hong Kong investors investing in the Shanghai Stock Exchange market will be managed by QFII temporarily, and will be adjusted accordingly after the Ministry of Finance and State Taxation Administration of The People's Republic of China issue further policies.