The securities composition fee refers to the bank custody and corporate behavior fees charged by Hong Kong Clearing Corporation Limited for holding an account under the name of China Clearing Corporation Ltd. Service costs Southbound trading has the following costs:

1. Securities asset allocation fee: total market value of Southbound stocks owned * annual interest rate / 365, charged on a daily basis (locked in when opening a bank account) 50 yuan, the annual interest rate if the total market value does not exceed HKD 50 billion is 0.008, and the minimum fee is 0.01 yuan)

2. Commission: The commission fee is 0.1577, which includes a transaction levy of 0.0027 And the buying and selling fee is 0.005. It can be adjusted to at least the same level as A-shares and is free of charge for five (HKD) in case of emergency

3. Trading service fee: HKD0.5 is charged for each transaction according to the transaction volume, and charged for multi-lateral transactions (GF Securities charges per order in the early stage of the business) Authorize the entrustment to lock in HKD 5 in advance. After the transaction volume is reached, GF Securities will charge 0.5 HKD based on the transaction volume. GF Securities will refund the excess amount and compensate the excess amount. )

4. Equity delivery cost: 0.002 of the transaction amount per order, maximum. One hundred Hong Kong dollars, with a minimum of two Hong Kong dollars. Buy and sell on multiple sides.

5. Contract stamp tax: 0.1 of the transaction amount of each order. For multi-lateral transactions, we charge one Hong Kong dollar, which is rounded up and calculated based on the transaction volume. Exchange rate: The exchange rate lock status when authorizing the order: When buying, the reference exchange rate selling price published by the trading center is applied. When selling, the reference exchange rate buying price published by the trading center shall be applied. At the end of the day, the end-of-day exchange rate contract price given by the filing company will be used to provide a reference exchange rate before the opening of the market, and the specific exchange rate will be determined at the end of the day.

Hong Kong Stock Connect is a kind of stock, and its scope is Hong Kong coordinated trading. The constituent stocks of the Hang Seng Composite Large and Mid Cap Index, the Hang Seng Composite Small and Mid Cap Index, and the A and H shares listed on the Hong Kong Collaborative Trading Center and the Shanghai Stock Exchange at the same time.

Both parties can adjust the scope of investment targets based on the status of the demonstration sites. In the early stage of the demonstration site, the Hong Kong Securities Regulatory Commission stipulated that only regional investors participating in Southbound Trading were limited to investors.

Expansion materials

The total amount of Hong Kong Stock Connect is 550 billion. The China Securities Regulatory Commission and the Hong Kong Securities and Futures Trading Regulatory Commission immediately announced a joint announcement, announcing that Southbound Trading will be launched in 6 months, with a total amount of 550 billion yuan.

Among them, the total amount of Southbound Investment in A-shares is RMB 300 billion, with a daily credit limit of RMB 13 billion; the total amount of Southbound Investment in the Hong Kong stock market is RMB 250 billion, with a daily credit limit of RMB 250 billion. The daily credit limit is RMB 10.5 billion. In the early stage of the demonstration site, the Hong Kong Securities Regulatory Commission stipulated that regional investors participating in Southbound Connect were limited to investors whose accounts and asset balances were not less than RMB 500,000.

The operation of Southbound Connect is that investors authorize a Hong Kong dealer to apply (order transmission) to the Shanghai Stock Exchange through the stock trading service center opened by the Hong Kong Stock Exchange, within the scope of trading requirements. A-share stocks.

The actual operation method of Southbound Connect is that investors authorize domestic securities companies to apply (order transmission) to the Hong Kong Stock Exchange through the stock trading service center opened by the Shanghai Stock Exchange, and the trading requirements are within the scope of the transaction requirements. of Hong Kong stock market stocks.