1. The total assets of the securities account and capital account of individual investors shall not be less than RMB 500,000;
2. Individual investors have no serious bad credit records;
3. Individual investors are not prohibited or restricted from participating in the Shanghai-Hong Kong Stock Connect trading by laws, administrative regulations, departmental rules, normative documents and business rules.
After meeting the above conditions, investors can directly submit applications to members who have opened the trading authority in the Hong Kong stock market in Shanghai, thus opening the individual trading authority of investors. The members mentioned here are securities companies. Generally, the securities companies that investors choose to open accounts in A-shares have the relevant trading authority of Hong Kong stocks, and investors can directly find the original account opening brokers to complete the transaction.
Some specific matters concerning the Shanghai-Hong Kong Stock Connect transaction are as follows:
Shanghai-Hong Kong Stock Connect includes Shanghai Stock Connect and Hong Kong Stock Connect. For domestic investors, the focus is on Hong Kong Stock Connect, and investors should conduct Hong Kong Stock Connect transactions through RMB ordinary stock accounts in Shanghai. The Hong Kong Stock Connect Fair is quoted in Hong Kong dollars, and investors need to complete the settlement in RMB.
The underlying securities of Hong Kong Stock Connect are divided into two categories, stocks and stock ETFs. The stocks of Hong Kong Stock Connect include the constituent stocks of Hang Seng Composite Large and Medium Stock Index, the constituent stocks of small stock index that meet the inspection requirements, and H shares of A+H listed companies.
As for the trading day and trading time of Hong Kong Stock Connect, it will be announced by the Securities Trading Service Company of Shanghai Stock Exchange on its designated website. The trading hours of each trading day of Hong Kong Stock Connect include pre-opening period, continuous trading period and closing bidding period.
When trading in Hong Kong Stock Connect, investors need to be familiar with the relevant provisions of the Hong Kong securities market, understand the business rules and processes of Hong Kong Stock Connect trading, objectively evaluate their risk tolerance, and determine their investment objectives in combination with their risk preferences.