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1. The difference between Hong Kong stock market and mainland market:
1. The Hong Kong stock market is an international market with many institutional investors, and the turnover of foreign investors accounts for more than 40% of the total turnover. 2. In terms of product types, the Hong Kong stock market provides different types of products, including equity securities, equity warrants, derivative warrants, futures, options, bull-bear certificates, exchange-traded funds, unit trusts/mutual funds, real estate investment trusts and debt securities, so that investors with different risk preferences can choose under different market conditions.
3. There is a price limit system in the mainland market, that is, if the price rises or falls more than a certain percentage, the relevant stocks will stop trading within a specified time, but there is no such system in the Hong Kong market.
4. In the Hong Kong stock market, the color displayed on the stock quotation screen is green when the stock rises and red when it falls, but the opposite is true in the Mainland.
5. The Hong Kong stock market mainly uses Hong Kong dollars as the trading currency, while the mainland stock market uses RMB as the trading currency.
6. Hong Kong stock market allows regulated short selling.
2. Direct opening of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect by mainland brokers, provided that:
1. Individuals and institutions need more than 500,000 yuan to open accounts in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are divided into Shanghai/Shenzhen Stock Connect and Hong Kong Stock Connect. There are restrictions on the stocks that Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect can invest in, as follows: Hong Kong stocks under Shanghai-Hong Kong Stock Connect are constituents of the Hang Seng Composite Market Index, constituents of the Hang Seng Composite Market Index, and A+H shares listed on both the Hong Kong Stock Exchange and the Shanghai Stock Exchange. The stock range of Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect is based on the existing Hong Kong Stock Connect under Shanghai-Hong Kong Stock Connect, the constituent stocks of Hang Seng Composite Small Cap Index (including those with a market value of HK$ 5 billion or more) and A+H shares listed on both the Hong Kong Stock Exchange and the Shenzhen Stock Exchange.
2. Directly open Hong Kong-US stock brokers, and 20,000 RMB can directly invest in Hong Kong-US stocks.