1. Pay a commission of 0.25% of each transaction amount to the securities company.
2. Stock stamp duty, 0. 1% of each transaction amount, shall be paid to the Hong Kong Government.
3. The transaction levy shall be paid to the CSRC at the rate of 0.003% of each transaction amount.
Four, the transaction fee, 0.005% of the amount of each transaction, paid to the exchange.
5. The central clearing fee, 0.002% of each transaction amount, shall be paid to the clearing house (minimum 2 yuan HK$ and maximum 100 HK$).
Hong Kong stocks are subject to T+0 circular trading and T+2 settlement system. However, Shenzhen-Hong Kong Stock Connect is divided into two parts: Hong Kong Stock Connect and Shenzhen Stock Connect. After the transaction is confirmed, the shares of Hong Kong Stock Connect bought by investors can be sold before settlement, that is, Hong Kong Stock Connect also supports T+0 trading, but A shares bought through Shenzhen Stock Connect cannot be sold before settlement, that is, T+0 trading is not supported.
Hong Kong Stock Connect:
Hong Kong Stock Connect means that investors entrust members of the Shanghai Stock Exchange to report to the exchange through the securities trading service company of the Shanghai Stock Exchange and buy and sell stocks listed on the Shanghai Stock Exchange within the prescribed scope. Its scope covers the constituent stocks of the Hang Seng Composite Large-cap Index and Hang Seng Composite Medium-cap Index of the Hong Kong Stock Exchange and A+H shares of companies listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange. The two sides can adjust the scope of investment targets according to the pilot situation. At the beginning of the pilot, the Hong Kong Securities Regulatory Commission required that domestic investors participating in the Hong Kong Stock Connect should be limited to institutional investors.
2014165438+1October1,China Construction Bank and China Industrial and Commercial Bank became the first settlement banks for the "Hong Kong Stock Connect" business, and were allowed to handle cross-border fund settlement and foreign exchange for the "Hong Kong Stock Connect" business.
Early stage:
Joint Announcement of China Securities Regulatory Commission and Hong Kong Securities and Futures Commission:
The Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission issued a joint announcement saying that the total amount of Shanghai Stock Connect is 300 billion RMB (6.2 1 13, -0.00 13, -0.02%), and the daily limit is/kloc-0.3 billion RMB, while the total amount of Hong Kong Stock Connect is 250 billion RMB. At the beginning of the pilot, the stocks of Shanghai Stock Connect included the constituent stocks of SSE 180 and SSE 380, as well as A+H shares listed on the Shanghai Stock Exchange. The stock range of Hong Kong Stock Connect includes the constituents of Hang Seng Composite Large-cap Index, Hang Seng Composite Medium-cap Index and A+H shares listed in Shanghai and Hong Kong at the same time. At the beginning of the pilot, the Hong Kong Securities Regulatory Commission required domestic investors to participate in the Hong Kong Stock Connect only to institutional investors and individual investors with a total balance of securities accounts and capital accounts of not less than 500,000 RMB.
Later period:
The total amount of Shanghai-Hong Kong Stock Connect is 550 billion.
The China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission immediately issued a joint announcement announcing that the Shanghai-Hong Kong Stock Connect will be launched within six months, with a total amount of 550 billion yuan.
Among them, the total amount of A shares invested by Shanghai Stock Connect is 300 billion yuan, and the daily quota is 654.38+03 billion yuan; The total amount of Hong Kong Stock Connect's investment in Hong Kong stocks is 250 billion, with a daily quota of 654.38+005 billion yuan. At the beginning of the pilot, the Hong Kong Securities Regulatory Commission required domestic investors to participate in the Hong Kong Stock Connect only to institutional investors and individual investors with a balance of not less than 500,000 yuan in securities accounts and capital accounts.
The operation mode of Shanghai Stock Connect is that investors entrust Hong Kong brokers to report to the Shanghai Stock Exchange through the securities trading service company set up by the Hong Kong Stock Exchange to buy and sell A shares within the prescribed scope.
The operation mode of Hong Kong Stock Connect is that investors entrust mainland securities companies to report (order delivery) to the Hong Kong Stock Exchange through the securities trading service company established by the Shanghai Stock Exchange to buy and sell Hong Kong stocks within the prescribed scope.