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Hong Kong Stock Connect Exclusive Fund

Invest in the Hong Kong stock market through the interconnection channel of Hong Kong stocks, focusing on the underlying stocks of "Hong Kong Stock Connect", with a wide range of choices and sharing investment opportunities in Shanghai, Hong Kong and Shenzhen. At the same time, the upper limit of its investment in Hong Kong stocks is also very high, most of which can reach 95%. However, this kind of funds, in addition to a number of funds issued earlier, later issued funds also stipulated the lower limit of investment in Hong Kong stocks (60%).

This kind of fund belongs to the fund specially approved by the previous CSRC and has the exclusive naming rights in Shanghai, Hong Kong and Shenzhen. The market supply of such funds is limited and scarce. The main feature is that the fund name has the words "Shanghai, Hong Kong and Shenzhen".

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QDII Hong Kong stock fund

QDII Hong Kong stock funds mainly refer to QDII funds that invest in Hong Kong stocks. Generally speaking, it is easy to recognize by name. The names of funds often bear the words Hang Seng, Hong Kong stocks and H shares.

The biggest difference between this kind of fund and the exclusive fund of Hong Kong Stock Connect is that it can invest in a wider range of Hong Kong stocks, both Hong Kong stocks and non-Hong Kong stocks, and even participate in the innovation and CDR of Hong Kong stocks and China Stock Connect. So as to grasp the primary and secondary market opportunities for the return of China Stock Exchange.

However, the disadvantages of such funds are the long redemption period of QDII funds and the low efficiency of fund use. At the same time, limited by the QDII quota of fund companies, it is not large at present, which is not convenient for large funds or institutions to participate in Hong Kong stock investment.

3. Funds that can participate in Hong Kong stocks

Such funds can only invest in Hong Kong Stock Connect, and cannot invest in non-Hong Kong Stock Connect and participate in Hong Kong stock innovation. Although you can invest in Hong Kong stocks through Hong Kong Stock Connect, there is a clear upper limit for its investment in Hong Kong stocks. Generally speaking, the proportion of its investment in Hong Kong stocks does not exceed 50% of its stock assets, which is far lower than the Hong Kong stocks of the exclusive fund of Hong Kong Stock Connect. Its fund name does not contain the words exclusive to Shanghai, Hong Kong and Shenzhen, and belongs to the general fund that can invest in Hong Kong stocks. However, the redemption period of the fund is short, and the use efficiency of funds is high. At present, the amount of Hong Kong stock connect is sufficient.