E Fund consists of Huaxia Hang Seng ETF( 159920), Southern China (160 125), Huaan Standard & Poor's Global Petroleum (1604 16) and Southern Hang Seng H shares (165). E Fund Gold (16116), SDIC Xinxing (16 12 10), China Merchants BRIC (16/0)
I. Investment direction of T+0
1 and T+0 transactions are widely used in major overseas securities markets. Since most of the investment targets of cross-border ETFs are T+0 transactions, the implementation of T+0 transactions in cross-border ETFs is more in line with investment habits and further enhances its investment value. After T+0 trading is implemented in cross-border ETFs, investors can sell all or part of it before delivery on the trading day, so that a single fund can circulate many times a day, which greatly improves the investor's capital turnover rate.
With the help of the day's capital turnover mechanism, it brings a new way to invest in overseas ETF for investors who prefer intraday high-frequency trading. However, investors should also pay attention to rational investment in T+0 products, do not blindly pursue high prices, and avoid losses caused by fund price fluctuations.
2. Cross-border ETFs that have been listed at present can be roughly divided into two categories, one is Hong Kong stock ETFs and the other is cross-border ETFs. The trading hours of Hong Kong stocks overlap with the trading hours of A-shares, and with the opening of Shanghai-Hong Kong Stock Connect, T+0 trading is implemented in Hong Kong stock ETFs, which is beneficial for investors to arbitrage in the market, making the secondary market of Hong Kong stock ETFs more active and more liquid.
For the second cross-border cross-border ETF, although the trading time does not overlap with A-shares, investors can participate in the secondary market trading according to the trend of futures because some indexes have futures trading 24 hours a day, and the opening of T+0 trading will also be beneficial to the liquidity of ETFs.
Second, T+0
T+0 (trading plus 0 days) is the abbreviation of securities trading settlement system. In academic research and practical business, T+0 can be subdivided into T+0 trading system and T+0 settlement system.
Generally speaking, the funds obtained by selling stocks on the same day can buy stocks on the same day, and the stocks bought on the same day can be sold on the same day (T+0 transaction), while the securities and funds are cleared and delivered on the day when the transaction actually occurs (T+0 settlement). The above two cannot be confused. T+0 settlement is a necessary and sufficient condition for T+0 transaction.