The conditions for the opening of Southbound Trading are: having opened a Shanghai or Shenzhen A-share securities account; the average daily assets in the twenty trading days before applying for opening permission are not less than RMB 500,000 (excluding financing through margin trading and securities lending) funds and securities); age requirement: 18-65 years old. Customers under 65 years old can apply online, and customers over 65 years old need to bring their ID cards to the business hall to apply.

Hong Kong Stock Connect means that investors entrust members of the Shanghai Stock Exchange to declare to the Stock Exchange through the Shanghai Stock Exchange Securities Trading Service Company to buy and sell stocks listed on the Stock Exchange within the prescribed range. Its scope is the component stocks of the Hang Seng Composite Large Cap Index and the Hang Seng Composite Mid Cap Index of the Stock Exchange of Hong Kong and the A+H shares of companies listed on the Stock Exchange of Hong Kong and the Shanghai Stock Exchange. Both parties can adjust the scope of investment targets based on the pilot situation. In the early stages of the pilot, the Hong Kong Securities Regulatory Commission required that domestic investors participating in Southbound Trading were limited to institutional investors. On November 11, 2014, China Construction Bank and Industrial and Commercial Bank of China became the first batch of "Hong Kong Stock Connect" business settlement banks and were allowed to handle cross-border settlement and exchange of funds for the "Hong Kong Stock Connect" business. The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission issued a joint announcement stating that the total quota of Shanghai-Hong Kong Stock Connect is 300 billion yuan (6.2113, -0.0013, -0.02%), the daily quota is 13 billion yuan, and the total quota of Hong Kong Stock Connect is 250 billion yuan. RMB, the daily quota is 10.5 billion RMB, and the official launch of Shanghai-Hong Kong Stock Connect requires 6 months of preparation time.

At the initial stage of the pilot, the stock range of Shanghai-Hong Kong Stock Connect is the constituent stocks of SSE 180 and SSE 380, as well as A+H shares listed on the Shanghai Stock Exchange. The stock scope of Southbound Trading is the constituent stocks of the Hang Seng Composite Large Cap Index, the Hang Seng Composite Mid Cap Index, and the A+H shares listed in Shanghai and Hong Kong at the same time. At the initial stage of the pilot, the Hong Kong Securities Regulatory Commission requires domestic investors to participate in Southbound Trading to be limited to institutional investors and individual investors with a total securities account and capital account balance of not less than 500,000 yuan. The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission immediately issued a joint announcement announcing that Shanghai-Hong Kong Stock Connect will be launched in six months, with a total quota of 550 billion yuan. Among them, the total quota of Shanghai Stock Connect for investing in A-shares is RMB 300 billion, with a daily quota of RMB 13 billion; the total quota for investing in Hong Kong stocks through Hong Kong Stock Connect is RMB 250 billion, with a daily quota of RMB 10.5 billion. At the initial stage of the pilot, the Hong Kong Securities Regulatory Commission requires that domestic investors participating in Southbound Trading are limited to institutional investors and individual investors with securities account and capital account balances of not less than RMB 500,000.