The fees charged by Hong Kong stocks and A shares are different. A-share fees are very simple, including trading commission, stamp duty and transfer fees. Hong Kong stocks have a lot of miscellaneous fees. Let me introduce you. As shown in the figure below, the topics are numerous and complex:
So if you buy 65,438+0,000 shares through the Hong Kong Stock Connect, the total cost is 65,438+00,000 Hong Kong dollars. Assuming the calculated exchange rate is HK$ 65,438 +0 =0.8000 RMB, the cost is calculated as follows:
Stamp duty: 10000 * 0.13% * 0.8000 =10.4 yuan (rounded to10 yuan).
Transaction levy:10000 * 0.0027% * 0.8000 = 0.216 yuan (rounded to 0.22 yuan).
Transaction fee: 10000*0.005%*0.8000=0.4 yuan.
Transaction fee: 0.5*0.8000=0.4 yuan.
Share payment fee: 1, 000 * 0.002%=0.2 Hong Kong dollars, or less than 2 Hong Kong dollars, calculated as 2 Hong Kong dollars, 2 * 0.8000 = 1.6 yuan.
Portfolio fee: the market value of Hong Kong stocks is less than 50 billion, and the annual interest rate is 0.008%, which is calculated as follows:
10000 * 0.008%/365 * 0.8000 = 0.0018 yuan.
Commission: 10000*0.03%*0.8000=2.4 yuan. If you are not satisfied, you can accept 5 yuan as 5 yuan.
To sum up, the total cost of the previous purchase was:10.40.2160.40.410.62.4 =15.416, so the handling fee rate was/kloc-. It should be noted that the above commission of 2.4 yuan is charged by domestic brokers, which belongs to the second charge, and the rate is consistent with the A-share transaction rate.
The cost of selling is basically the same as that of buying. The cost of the Hong Kong stock market is basically a bilateral charge. In addition, the exchange rate here is difficult to calculate. The exchange rate has two prices, one is the settlement exchange rate for selling Hong Kong dollars, which is used when buying stocks, and the other is the settlement exchange rate for buying Hong Kong dollars, which is used when selling stocks. This is because when buying Hong Kong stocks, you need to convert RMB into Hong Kong dollars before trading, so the exchange rate here needs to be calculated by choosing the Hong Kong dollar exchange rate for selling and settlement.
As an investor in Hong Kong Stock Connect, you can look at the current dividend yield of Hong Kong dollars. Take Bank of Communications as an example. In 2023, the dividend per share will be 0.4 16 1 HK$, while the current share price of H shares of Bank of Communications is 4.670 yuan, so the dividend yield is 8.9 1%, which is much stronger than that of A shares. But don't worry, there will be a dividend income tax of 20%, and the dividend yield will become 7. If the RMB appreciates, the dividend yield will decrease after being converted into RMB.
To sum up, the dividend yield of Hong Kong bank stocks is really attractive, but after deducting dividend income tax and future exchange rate fluctuations, it is basically a little more than A shares, depending on personal preferences. In addition, the Hong Kong stock market is also a strange market for me, and I am beginning to understand it now. Starting with H shares, I am gradually expanding my knowledge.
Related question and answer: What is the transaction cost of Hong Kong stocks 10000 yuan? Buying and selling Hong Kong stocks with a price of 10000 yuan requires a handling fee around 40 yuan. Handling fee includes commission, exchange fee, government fee, transfer fees, etc. : 1, the commission is 0.25% of the general transaction amount, and 1 0,000 yuan is paid to 25 yuan; 2. The general exchange handling fee is 0.0 12% of the turnover, and 10000 yuan is paid for about 1.2 yuan; 3. The general government expenses are 0. 1% of the turnover, and 10 yuan is about 10 yuan; 4. transfer fees is each HKD 2.5 yuan, about RMB 2.2 yuan, to be paid by the buyer; 5. Stamp duty: No matter how many shares are traded, the stamp duty on each new paper must be paid to the government at HK$ 5 (about RMB 4.5 yuan), which shall be paid by the registered shareholders (i.e. the first-hand sellers). Hong kong stock trading rules 1. AMS/3 Trading System With the expansion of the securities market and the need of the international development of the exchange in the future, the Stock Exchange of Hong Kong launched the third generation automatic matching and closing system (AMS/3) in June 2000. AMS/3 connects investors, exchange participants, other participants and the central market, making the trading process more efficient. Two. Trading Rules of the Exchange Securities trading in the exchange shall comply with the relevant provisions of the rules of the exchange. The more important rules are as follows: (1) Every security whose price is traded on an exchange is traded at a specified "price". This "price" represents the minimum range of price rise and fall, which is related to the price range in which the security is located. The exchange price list stipulates that the stock price ranges from 0.0 1-0.25 Hong Kong dollars (the price is 0.00 1 Hong Kong dollars) to 1000-9995 Hong Kong dollars (the price is 2.50 Hong Kong dollars). When the price of a stock rises or falls to another price range, its price will also change. (II) Opening Price The exchange rules stipulate that the "opening price" shall be conducted according to the procedures, so as to ensure the continuity of prices between two adjacent trading days and prevent the opening price from fluctuating violently in the market: the buying or selling orders that enter the trading system for the first time in each trading day are bound by the opening price rules. The price of the first order cannot exceed the previous day's closing price by 4 prices. Three. Settlement and settlement The settlement and settlement procedures of various products of the Hong Kong Stock Exchange are handled by three clearing companies, namely, Hong Kong Clearing Company, Options Clearing Company and Futures Clearing Company. Among them, the Hong Kong Clearing House is responsible for the settlement and settlement of qualified securities traded on the main board of the Stock Exchange and the Growth Enterprise Market. (1) Hong Kong adopts a continuous net settlement system. Under the continuous net settlement system, the securities purchased or sold by each CCASS participant from other CCASS participants will be offset by rolling, and the remaining net purchase or net sale share will be used as the settlement standard. (II) T+2 settlement system For the transactions matched or declared by exchange participants through the automatic matching system, they must complete the settlement with the central settlement system before 3: 45 pm on the second trading day after each trading day (T day), which is generally called the "T+2" daily settlement system (that is, the transaction/trading day plus two trading days).