According to the difference of each listed company, its trading unit is also different, some are 100 shares, some are 400 shares, which are not exactly the same. At the discretion of the listed company, investors can learn about the above-mentioned Hong Kong stock trading units.

When buying and selling stocks in Hong Kong, the smallest trading unit is the first hand, and those holding less than the first hand are "broken stocks". For example, Tencent Holdings needs 100 shares in one hand. If Tencent has 150 shares, it will break 50 shares. Generally, companies will send bonus shares or share allotment to produce broken shares.

Investors can sell broken stocks in the market, but the buying price will be slightly lower than the market price. Broken stock trading needs to be handled manually. In order to ensure that the customer's transaction can be handled as soon as possible, it is necessary to send a request for stock-breaking transaction 15 minutes before the market closes (morning market: 9:30- 1 1:45 noon market: 13:00- 15:45).

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A big difference with A-share innovation is that the issuing strategist of HKEx gives priority to ensuring that each household signs one. Therefore, the success rate of first-hand subscription of new shares in Hong Kong stocks is very high. It is worth noting that the subscription of new shares in Hong Kong stocks needs to freeze the funds subscribed by investors. If investors want to buy new shares of Xiaomi Group 1000, according to the offering price of 17 Hong Kong dollars, investors' funds need to be frozen for each lot of 200 shares 17000 Hong Kong dollars.

However, the number of shares actually subscribed by investors is uncertain. Assuming that the final investor gets 65,438+0 lots of 200 shares of HK$ 3,400, the remaining funds will be returned to the investor's account.

Just like margin trading, which is popular in Hong Kong stocks, Hong Kong stocks can also raise funds from brokers, who generally provide 9 times or more financing leverage for hot new shares. At present, Phantom Securities aims at Hong Kong stocks, allowing investors to launch new Hong Kong stocks with up to 9 times financing leverage.

Phoenix Net-Investment Education: What is the trading unit of Hong Kong stocks? How to trade broken shares?

Phoenix. Ten things you must know about Hong Kong stocks.