ETF does not need to pay stamp duty, and A shares need to pay stamp duty. There are three differences between the two:

1. The overview of the two is different:

1. Overview of ETF: Transactional open-end index fund, also commonly known as Exchange Traded Funds (ETF), is an open-end fund with variable fund shares listed on the exchange.

2. Overview of A-shares: A-shares, that is, ordinary shares in RMB, are ordinary shares issued by companies registered in China, listed in China, and denominated in RMB for domestic institutions, organizations or individuals (from April 1, 213, residents of China, Hong Kong, Macao and Taiwan can open A-share accounts) to subscribe and trade in RMB.

second, the characteristics of the two are different:

1. The characteristics of ETF are: subscription and redemption, listing and trading, and variable share.

2. Characteristics of A-shares: A-shares are not physical stocks, and they are accounted for electronically without paper, and the "T+1" delivery system is implemented, with price limit (1%). The participating investors are Chinese mainland institutions or individuals.

Third, the market impact of the two is different:

1. Market impact of ETF: The launch of ETF enriches the trading varieties and improves the product layout, which helps the market to attract more powerful stocks of large-cap blue-chip companies to join, help guide the diversion of savings funds to the securities market, and help the market product innovation to go further.

2. Market impact of A-shares: It provides investors with opportunities to invest in stocks in a specific sector, a specific index, a specific industry or even a specific region. Those indexes targeting a specific sector will not only continue to reveal the price, but also be used as investment tools for investors.

Baidu Encyclopedia-Trading Open Index Fund

Baidu Encyclopedia -A shares