The process of how to buy and sell Hong Kong stocks in the Mainland is as follows:
1. Open an account at a securities company and apply for SSE or SZSE shareholder account cards, capital accounts, online trading services, telephone trading services, etc. formalities. Then, download the online trading software specified by the securities company.
2. Go to the bank to open a current account and deposit the money into the bank through bank-securities transfer business.
3. Transfer money from the bank to the capital account of the securities company through the online trading system or telephone trading system.
4. Buy and sell stocks in the online trading system or telephone trading system.
5. The handling fee is about 100 yuan (each securities company is different). When the stock market is down, it is generally free to open an account.
6. When buying stocks, you must entrust a securities company to trade as an agent, so you must find a securities company to open an account. People who buy stocks cannot go directly to the Shanghai Stock Exchange to trade.
Extended information:
Trading rules of Hong Kong stocks:
1. Trading system AMS/3: With the expansion of the scale of the securities market and the future internationalization of the exchange In order to meet the needs of development, Hong Kong Exchange launched the third generation automatic order matching and transaction system (AMS/3) in October 2000. AMS/3 connects investors, exchange participants, other participants and central markets to make the trading process more efficient.
2. Exchange trading rules: Securities transactions on the exchange must comply with the relevant provisions of the "Exchange Rules". The more important rules are as follows:
(1) Price: Each security traded on the exchange is traded at a designated "price", which represents the minimum range of increase or decrease in price and is consistent with the price of the security. Depends on the price range you are in.
The exchange's price list stipulates stock prices ranging from HK$0.01-0.25 per share (price range is HK$0.001) to HK$1,000-9995 per share (price range is HK$2.50). When the price of a stock rises or falls to another price range, its price will also change accordingly.
(2) Opening Quotation: The "Exchange Rules" stipulate that the "Opening Quotation" should be carried out according to procedures to ensure the continuity of prices between two adjacent trading days and to prevent the occurrence of market opening quotations. Violent market fluctuations: The first buy or sell order entered into the trading system on each trading day is regulated by the opening quotation rules. The price of the first trading order cannot exceed 4 price points above or below the closing price of the previous day.
3. Clearing and settlement: The clearing and settlement procedures of various products on the Hong Kong Exchange are handled by the three clearing houses of Hong Kong Clearing House, Options Clearing Corporation and Futures Clearing Corporation. Among them, Hong Kong Clearing House is responsible for the clearing and settlement of eligible securities traded on the Main Board and Growth Enterprise Market of the Stock Exchange.
(1) Continuous Net Settlement System: Hong Kong Clearing implements a continuous net settlement system. Under the continuous net settlement system, each CCASS participant's purchase or sale of a certain security from other CCASS participants will be offset on a rolling basis, and the remaining net purchases or sales will shares as settlement standard.
(2) T+2 settlement system: Transactions matched or reported by exchange participants through the automatic order matching system must be completed at 3 p.m. on the second trading day after each trading day (T day) Settlement with the Central Clearing and Clearing System is completed before 45 minutes, which is generally called the "T+2" day settlement system (i.e. settlement on the trading/buying day plus two trading days).
Baidu Encyclopedia - Stock Trading
Baidu Encyclopedia - Hong Kong Stocks
Baidu Encyclopedia - Stock Trading