The transaction fees for A shares and B shares are currently:
1. Commission: no more than 0.3% of the transaction amount (charged in both directions for sales);
2 .Transfer fee (Deng Zhong): 0.02 of the transaction amount (including commission, no additional charge will be made). There is no transfer fee for B shares, but there is a settlement fee, which is 0.5 of the transaction amount. The upper limit of Shenzhen Securities B is HKD 500;
3. Transaction fees: including handling fees and securities management fees. Handling fee (exchange): 0.0487 of the transaction amount (including commission, no additional charge); Management fee (CSRC): 0.02 of the transaction amount (including commission, no additional charge)
4. Stamp tax (tax authority): 0.1% of the transaction amount (levied when selling stocks)
Appointment
Securities transaction commission refers to the commission of the client based on the actual transaction amount after the entrustment transaction is completed. A percentage of the fee paid to the securities fiduciary company. Commission is the operating income or handling fee income of a securities company after accepting the entrustment of an agent to conduct transactions. Generally, commissions are charged in both directions during stock transactions, which shall not exceed 0.3% of the transaction amount.
Stock trading quantity requirements
The trading unit of A and B shares, funds and bonds: (1) The trading unit of A and B shares is shares, 100 shares = 1 lot , the entrusted purchase quantity must be 100 shares or an integer multiple thereof; (2) The trading unit of this fund is 100 shares, 100 shares = 1 lot, and the entrusted purchase quantity must be 100 shares or an integer multiple thereof; (3) Treasury bonds and The unit of convertible bonds is one, 10 bonds = one lot, and the entrusted purchase quantity must be 10 bonds or an integral multiple thereof; (4) When the entrusted quantity cannot be sold or distributed as dividends, odd shares (less than one lot) may occur. shares), odd shares need to be sold on a one-time basis.
And non-tradable shares.
Tradable shares refer to the number of shares of a listed company that can be circulated on the exchange. The concept is relative to the securities market. According to different market attributes, tradable shares can be divided into A shares, B shares, legal person shares and overseas listed shares. Corresponding to tradable shares, there are non-tradable shares. Non-tradable shares mainly refer to state shares and legal person shares that are temporarily unable to be listed and circulated.
Stock trading hours
The opening hours of the stock market are: Monday to Friday, 9:30-11336030, 1:00-15336000, except holidays.
How are stocks traded?
There are two methods of securities bidding: collective bidding and continuous bidding. Call bidding refers to a one-time centralized matching of buy and sell orders accepted within a specified time. Continuous bidding refers to a bidding method that continuously matches sales declarations one by one. Securities bidding transactions are arranged according to the principles of price priority and time priority. 9:15-9336025 is the opening stage of the call auction, 9:30-11336030 and 1:00-15336000 are the continuous bidding stages (Shenzhen 14336057-15336000 is the transaction stage of the call auction).
New share subscription conditions
1. First, it is required to have opened an A-share account; 2. It is necessary to have a new share subscription quota in the corresponding market, and the quota is based on the T-2 date (T-2 The average daily market value of investors in the 20 trading days (including day T-2) before the online subscription date is calculated. The quota must be reached when 10,000 shares are reached, and the market values ??of the Shanghai and Shenzhen markets are calculated separately. 3. Subscription for new shares on GEM also requires SZSE A account to have GEM authority.
Can the A-shares bought on the same day be sold on the same day?
A shares purchased on the same day cannot be sold on the same day. A-shares implement a t1 system and can only be sold on the second trading day after buying on the same day.
Stock Dividends
Investors purchase shares of a listed company, invest in the company, and enjoy the right to dividends. Generally speaking, there are two forms of dividends from listed companies: cash dividends and stock dividends. Listed companies can choose one form of dividend distribution according to the situation, or they can use both forms at the same time.
Collective bidding refers to a one-time centralized matching of buy and sell orders accepted within a specified time. 9:15-9336025 is the opening period in the call auction, and Shenzhen 14336057-15:00 is the closing period in the call auction.
Continuous bidding refers to the bidding method of continuous matching sales d
Additional issuance is a financing method for listed companies to raise funds by issuing additional shares to designated investors or all investors. The issue price is generally a certain proportion of the average price at a certain stage before the issuance. In order to protect the interests of old shareholders, some issuing companies can set up preemptive subscription rights, that is, old shareholders can have priority in allocating a certain proportion of new shares based on the number of shares they hold in the issuing company. The target can be unspecific or specific. If the target is unspecific, it is a public offering. If the target is specific, it is a private placement (also called private placement).
Private placement refers to the non-public issuance of shares by listed companies to a small number of qualified investors. Current regulations require that the issuance targets no more than 10 people, and the issuance price is no less than 90% of the average price of the company's stock in the 20 trading days before the pricing base date (the 'base date' can be the day when the board of directors' resolution is announced, the day when the shareholders' meeting resolution is announced, or the first day of the issuance period. ).
Issued shares shall not be transferred within 12 months (shares subscribed by controlling shareholders, actual controllers and the companies they control shall not be transferred within 36 months).
Individual investors must meet the following conditions to open Southbound Trading:
1. The average daily assets of securities accounts and capital accounts in the 20 trading days before applying for permission to open shall not be less than RMB 500,000. ;
2. Possess basic knowledge of Southbound Stock Connect stock trading, and pass the exam with a score of no less than 80 points;
3. The risk tolerance level is no less than active, and the investment period is no short in the "short term". Its acceptable investment types include "stocks";
4. It is necessary to open a standard Shanghai Stock Exchange A-share account with our company;
5. It is not "special protection" client.
How to activate GEM permissions?
Trading GEM stocks starting with 300 requires opening GEM permissions before you can operate. If you are an individual investor, you need to meet the following conditions:
1. Participate in securities trading for more than 24 months;
2. Apply for permission to open a securities account for the first 20 trading days and The assets in the capital account shall not be less than RMB 100,000 per day (excluding funds and securities invested by investors through margin trading);
3. The account status is normal and the risk tolerance is non-special Guaranteed type.
White stocks generally refer to stocks whose relevant information has been made public. Due to the clear performance, there is rarely a wind of mine.
The possibility of insider trading and black box operations is greatly reduced. At the same time, it has the characteristics of excellent performance, high growth and low risk. Therefore, it has high investment value and is often favored by investors. White horse stocks have the characteristics of long-term performance, high return rate, and many people speculate. At present, the more popular indicators for measuring White Horse stocks in the market mainly use the following indicators, such as earnings per share, net asset value per share, return on net assets, net profit growth rate, main business income growth rate and price-earnings ratio. wait.
Why does the stock price drop after dividends are distributed?
When a listed company distributes bonus stock dividends or cash dividends, it needs to carry out ex-rights/ex-dividend on the stock price, and the shareholders’ dividends included in the market price of the stock will be Weight deduction. After ex-rights/ex-dividend, the stock price will be adjusted accordingly.
Calculation formula:
In the case of only dividend payment: ex-dividend price = closing price on the equity registration date - dividend per share.
In the case of only bonus shares: ex-rights price = closing price on the equity registration date/(1 number of bonus shares per share).
In the case of both bonus shares and dividends: ex-rights and dividend price = (closing price on equity registration date – dividend per share)/(1 + number of bonus shares per share). Related Q&A: How is it calculated if you have participated in securities trading for more than 24 months?
Opened a shareholder account at the stock exchange, opened a capital account at a securities company, and participated in buying and selling stocks.
After this behavior, 24 months. Among them, there are those who don’t move stocks, and those who have money and don’t buy stocks. As long as they don’t move for a long time, it doesn’t matter. In other words, your capital account does not count even if it is in a dormant state.
Thank you for your question.