Mainland residents can open stock accounts in Hong Kong. There are several ways for mainland residents to open stock accounts in Hong Kong:
1. Hong Kong stocks can be opened directly in Hong Kong Stock Connect for purchase. According to the requirements of the CSRC, domestic investors who participate in Hong Kong stocks are limited to institutional investors and individual investors whose balance in securities accounts and capital accounts is not less than 5, yuan.
2. Securities merchants who have cooperated with China Stock Connect can open accounts. The first batch of 89 securities companies are eligible to enter Shanghai-Hong Kong Stock Connect, including major securities companies in China.
3. Mainland residents go directly to Hong Kong to open accounts in securities companies and Hong Kong sales offices. Prepare the information until the securities company fills in the form and completes it in a week or so.
since you can open an account, how can you open an account?
investors can choose to open online or go to the sales department to open it.
1. online account opening: update the trading software to the latest version-log in, select Hong Kong Stock Connect-follow the prompts and complete the opening procedures. The whole process only takes 1 minutes.
2. Opening an account in the business department: bring your ID card to the business department-conduct a risk test-test the knowledge of Hong Kong Stock Connect-sign the Risk Disclosure of Hong Kong Stock Connect after the test questions pass-systematically check the total assets of the account and sign an agreement if it exceeds 5, yuan-complete the account opening of Hong Kong Stock Connect. The whole process takes about 3 minutes.
what are the advantages of opening a Hong Kong stock account?
1. It is convenient for investors to buy Hong Kong stocks; The A-share market of Hong Kong stocks is good, the trading varieties of Hong Kong stocks are richer and the trading rules are more flexible.
2. The valuation of Hong Kong stocks is lower than that of A shares. For the same stocks, investing in Hong Kong stocks is more valuable, and there is no end to the ups and downs.
3. The winning rate of new shares in Hong Kong stocks is high, and the market value is not required. As long as you have a Hong Kong stock account, you can play new shares.
4. With a Hong Kong account, it is very convenient to speculate in US stocks or buy overseas funds.
Although Hong Kong stocks have many benefits, investors should deal with them according to their own actual conditions. Stock trading is risky, so don't operate blindly.