Mainland investors buy and sell Hong Kong Stock Connect shares, quote in Hong Kong dollars, and actually pay or receive RMB. Therefore, it is necessary to convert the transaction currency into RMB according to the currency exchange rate.
Before the daily trading begins, China Clearing will publish the reference exchange rate of the day's trading in official website after receiving it.
For example, investors spent 500 thousand on Hong Kong stocks. At the exchange rate of 0.8 145, the assets of Hong Kong stocks have become 6 1.38 million Hong Kong dollars. Once the investor sells it and changes it into RMB, the original amount will be reduced to 470,900 yuan.
In other words, even if the Hong Kong stock index does not rise or fall, it has already lost 29,000 yuan at the time of trading due to the exchange rate, with a loss rate of 5.82%.
Extended data:
Hong Kong stock trading rules:
Quotation method: There is no price limit in Hong Kong market. The most common quotation methods are limit quotation and market quotation. If investors want to trade at a certain price.
Quotation "price limit", that is, the transaction must be completed at or above the specified price; If investors want to execute the buying and selling orders in real time, they can publish the "market price order", that is, after the buying and selling orders are input into the system, the transaction is made at the optimal price in the market at that time.
The order of buying and selling is based on the principle of price priority, and the matching transactions are carried out according to the order entered into the system.
T+2 delivery system: the delivery time of stocks and funds is before 3: 45 pm on the second working day after the trading day.
Trading mode: Under the existing trading system, investors can choose to trade by telephone, online or in person with brokers.
Range of quotation change: the minimum range of quotation change in stock trading is related to the price range of the stock at that time. 1 The price range may be 1, 1, 2 and so on.
Baidu encyclopedia-hong kong stocks
Baidu Encyclopedia-Basic knowledge of Hong Kong stocks