The par value of each share in Hong Kong is not fixed at one yuan. The par value of most stocks is 0. 1 yuan or 0.0 1 yuan.
Hong Kong is an international market, and the same stock is much cheaper than that in China, generally only half the domestic price. Now affected by the subprime mortgage, the stock price plummeted and the price was lower.
Extended data:
Differences 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 overseas 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; The mainland is the opposite.
5. The Hong Kong stock market mainly uses the Hong Kong dollar as the trading currency; The mainland stock market uses RMB as the trading currency.
6. Hong Kong stock market allows regulated short selling.
References:
Baidu Encyclopedia-Hong Kong Stock Market