Differences among A-shares, Hong Kong stocks and US stocks
1, the difficulty of listing is different: the listing of US stocks is relatively easy and simple, with the highest requirements for A shares, and Hong Kong stocks are between US stocks and A shares;
2. Different listing and issuance systems: A-share listing adopts audit system, while Hong Kong stocks and US stocks adopt registration system;
3. Different participants in the market: A shares are mainly participated by domestic investors, mainly retail investors; Hong Kong stocks and US stocks are global investors, and investors are mainly institutions;
4. The currencies used for stocks are different: A shares are purchased in RMB, Hong Kong stocks are purchased in Hong Kong dollars, and US stocks are purchased in US dollars;
5. The trading system of stocks is different: the maximum fluctuation range of A shares is 10%, and the fluctuation range after the reform of GEM is 20%; Hong Kong stocks and US stocks are not limited; Trading time: A shares adopt the form of T+ 1, while Hong Kong stocks and US stocks adopt the form of T+0; The settlement system is A-share T+ 1, Hong Kong stock T+2 and US stock T+3.
6. The profit requirements for listed companies are different: the general A-share market requires three consecutive years of profit, and the company's net profit requires at least 30 million yuan. Growth enterprise market and science and technology innovation board accept non-profit enterprises; US stocks and Hong Kong stocks do not have much demand for profit;
7. The dividend requirements for listed companies are different: although the A-share market requires dividends, the dividend rate is relatively low; The dividend yield of Hong Kong stocks is the highest, and the dividend yield of US stocks is between A shares and Hong Kong stocks.
8. The price trend of new shares is different after listing: there are few failure cases in the issuance of A-share new shares, and the increase after listing is large; The IPO of Hong Kong stocks and US stocks may fall below the issue price, and the increase on the day of IPO is generally not particularly high.
9. The trading hours are different: A-share lunch break market, US stock lunch break market and Hong Kong stock lunch break market.
10, with different price limits: A shares have price limits, while US stocks and Hong Kong stocks have no price limits.
If you want to invest in these three stock markets, you need to have a corresponding stock account to invest. Of course, investing in Hong Kong stocks can be achieved by opening the Hong Kong Stock Connect Administration or investment funds, and investing in US stocks can be achieved by investing in QDII funds.
Finally, remind investors that the stock market is risky and investment needs to be cautious.