There are many stock markets, and the markets that most investors pay more attention to are mainly the A-share market, the Hong Kong stock market and the US stock market. There are certain differences between these three stock markets. Investors who have just entered the market can Go find out.

The difference between A-shares, Hong Kong stocks and US stocks

1. Different difficulty in listing: US stocks are relatively easy to list, A-shares have the highest requirements, and Hong Kong stocks are between US stocks and A-shares;

2. Different listing and issuance systems: A-share listings adopt an audit system, while Hong Kong and US stocks adopt a registration system;

3. Different market participants: A-shares are mainly participated by domestic investors, with retail investors Mainly; Hong Kong stocks and U.S. stocks are global investors, and investors are mainly institutions;

4. The currencies used for stocks are different: A shares are purchased in RMB, Hong Kong stocks are purchased in Hong Kong dollars, and U.S. stocks are purchased in U.S. dollars;

5. The trading systems of stocks are different: the maximum increase or decrease of A shares is 10%, and the increase or decrease after the GEM reform is 20%; there are no restrictions on Hong Kong stocks and US stocks; the trading time of A shares is T+1 In the form of settlement system, Hong Kong stocks and US stocks adopt the form of T+0; the settlement system for A shares is T+1, Hong Kong stocks are implemented T+2, and US stocks are implemented T+3;

6. The profit requirements for listed companies are different. : The A-share market generally requires profits for three consecutive years, and the company's net profit is required to be at least 30 million yuan. The GEM and Science and Technology Innovation Board accept unprofitable companies; US stocks and Hong Kong stocks do not have many requirements for profitability;

7. Dividend requirements for listed companies are different: Although the A-share market requires dividends, the dividend rate is relatively low; Hong Kong stocks have the highest dividend rate, and the U.S. stock dividend rate is between the A-share and Hong Kong stock markets;< /p>

8. The price trends after the listing of new shares are different: There are few cases of failure in the issuance of new A-share shares, and the price of new shares rises greatly after listing; it is possible for Hong Kong and US new shares to fall below the issue price on the day of listing. The increase is generally not particularly high.

9. The trading hours are different: A-shares will be closed at noon, US stocks will not be closed at noon, and Hong Kong stocks will be closed at noon.

10. Different price limits: A shares have price limits, while US and Hong Kong stocks have no price limits.

If you want to invest in these three stock markets, you need to have a corresponding stock account to invest. Of course, investing in Hong Kong stocks can be achieved by opening the Hong Kong Stock Connect authority or investing in funds, and US stocks can be achieved by investing in QDII funds.

Finally, investors are reminded: There are risks in the stock market and investment needs to be cautious.