Mainland residents can choose Southbound Trading to purchase Hong Kong stocks or directly open a Hong Kong stock account.
Southbound Connect is a trading channel that connects domestic securities to the Hong Kong stock market. Investors must have an average daily capital of more than RMB 500,000 in their stock account in the past 20 trading days before they can apply for it. Those who meet the conditions can handle business directly through the brokerage app.
Opening a Hong Kong stock account is relatively simple. You can directly choose a well-known domestic Internet securities company to open an account. Regular securities companies are restricted. You only need to prepare your ID card and bank card to open an account online.
You can deposit money and trade the next day after opening an account on the same day.
Opening a securities account: When investors open an account with a securities company, they must fill out an account opening form and sign a customer contract.
The requirements for client contracts (requiring specified risk disclosure statements) are set out in the Securities and Futures Commission Code of Conduct for Registered Persons.
To protect their own interests, investors should go to the securities company's office in person to go through the account opening procedures.
Before conducting securities transactions, investors should know the channels and forms for placing orders, calculation of commissions, methods of interest and other charges, etc.
The trading hours for most stocks are: Monday to Friday 9:30 to 11:30 am and 13:00 to 15:00 pm.
Starting at 9:15 a.m., investors can place orders, and the order price is limited to plus or minus 10% of the closing price of the previous business day, that is, between the daily price limit and the daily price limit.
Orders placed before 9:25 will be matched at 9:25 a.m., and the resulting price will be the so-called "opening price."
Orders placed between 9:25 and 9:30 will not be processed until 9:30.
If the price you ordered cannot be executed on the current trading day, the order must be placed again on the next trading day.
Rest days: No trading on Saturdays, Sundays and rest days announced by the Shanghai Stock Exchange.
(Generally national statutory holidays such as May Day, National Day, Spring Festival, New Year's Day, Tomb Sweeping Day, Dragon Boat Festival, Mid-Autumn Festival, etc.) Stock term retail investors: small investors who buy and sell a small number of stocks.
Operators: hype up the stock market, use unfair methods to drive up the stock and then sell it, and then try to lower the market and make up for it at a low price; or buy at a low price, then sell at a high price after speculation.
Such people are called operators.
Foodie: An operator who secretly buys stocks when the price is low is called a foodie.
Stock shipping: When the price is high, the operator quietly sells the stock, which is called shipping.
Inertial pressure: The behavior of using unfair means to lower the stock price is called inertial pressure.
Sitting on a sedan chair: Investors with sharp eyesight or who have received information in advance buy or sell stocks in advance when large investors secretly buy or sell, or before good or bad news is announced, and then wait for retail investors to follow up or follow up in large numbers, resulting in
When the stock price rises or falls significantly, you sell or buy it back and enjoy huge profits. This is called "sitting on the sedan chair": after the announcement of good or bad news, you think that the stock price will change significantly, and you rush in and out to make profits.
Those who are limited, or even often trapped, are those who carry sedan chairs for others.
Hot stocks: refer to stocks with large trading volume, strong liquidity and large price changes.
Unpopular stocks: refers to stocks with small trading volume, poor liquidity or even no trading, and small price changes.
Leading stocks: refer to stocks that have a leading role in the overall market trend of the stock market.
Leading stocks must be popular stocks.
Investment stocks: refer to stocks whose issuing companies have stable operations, strong profitability, and high dividends.
Speculative stocks: refer to stocks whose stock prices rise and fall greatly due to human factors.
High-dividend stocks: refer to stocks in which the issuing company pays larger dividends.
Non-dividend stocks: refer to stocks that the issuing company has not paid dividends for many years.
Growth stocks: refer to the stocks of companies with high profit growth rates in newly added promising industries.
The share prices of growth stocks are on an upward trend.
Floating stocks: refer to stocks that are constantly circulating in the market.
Stable stocks: refer to stocks held by shareholders for a long time.
Quotation boards: Large electronic screens set up by some large banks, brokerage companies and stock exchanges can provide customers with stock quotes at any time.