1. Let's look at two major indexes, China Internet and Hang Seng Internet. I simply summarize China Internet as a China Internet enterprise that packages Hong Kong stocks and US stocks with one click, and Hang Seng Internet is an Internet enterprise that packages Hong Kong stocks with one click.

2. The compilation rules are slightly different. China Unicom has a wider range of stock selection, including US stocks, and its weight is more concentrated. Ali and Tencent account for more than 50%, and the weight of Hang Seng Internet Index is relatively scattered.

3. The above two indexes are mainly biased towards Internet companies, while the recently issued Hang Seng Technology Index has a wider range of stock selection, extending to the whole technology category, and generalizing Hang Seng Technology Index as the technology leader of one-click packaging of Hong Kong stocks.

4. In addition, it can be distinguished by the industry distribution of index components. Due to the existence of trillions of companies such as Ali and Tencent in the constituent stocks, they are all Internet companies according to market value distribution. Therefore, it is easier to find the difference between the two by comparing the distribution of individual stocks in WIND's tertiary industry.

Hang Seng Online Purchase Method

1. Cash subscription/redemption of ETF.

1. Hang Seng ETF adopts on-site cash subscription, and investors need to have a securities account of Shenzhen Stock Exchange. The issue price of the Fund is 65,438+0 yuan, and the minimum share of a single redemption is 65,438+0,000. Investors need to go through a securities company with Shenzhen Stock Exchange membership and fund consignment qualification.

2. Under normal circumstances, after the open redemption, the investor's redemption application on T day will be confirmed on T+ 1 day, and the fund can be sold or redeemed on T+2 day. If investors need to participate in the subscription and redemption of funds, they should open A-share accounts. It should be noted that as a cross-border ETF, investors should follow the trading hours of Shenzhen Stock Exchange and Hong Kong Stock Exchange when applying for redemption of Hang Seng ETF.

Two. After the fund goes public, it trades ETFs in the secondary market.

Since the subscription starting point of Hang Seng ETF is 6.5438+0 million, it is difficult for ordinary investors to participate. After Hang Seng ETF is listed on Shenzhen Stock Exchange, investors can choose to trade in the secondary market. Investors with A-share accounts and fund accounts can participate. Like stocks and closed-end funds, their secondary market transactions should be conducted in accordance with the relevant provisions of Shenzhen Stock Exchange. For example, when trading, 100 fund shares are in hand, and T-day trading is settled at T+ 1, with a limit of 10%.

Three. Buy Hang Seng ETF linked funds in RMB.

1. At least 90% of the assets of Hang Seng ETF Link Fund are invested in Hang Seng ETF and sold through banks and other OTC institutions. The purchase method is more convenient and the threshold is lower. Investors can easily participate in investment opportunities in the Hong Kong market.

2. Specifically, to purchase linked funds, investors do not need to open securities accounts, but open fund accounts through banks, brokers and fund companies to purchase and redeem funds in cash. Like ordinary open-end funds, the subscription face value of linked funds is 1 yuan, and the net value of funds is disclosed every open day after open redemption. The starting point of RMB subscription is 65,438+0,000 yuan, and the starting point of USD subscription is 200 dollars. The redemption application on T day will be confirmed on T+ 1 day, and redemption can be made on T+2 day.

4. Buy the Hang Seng ETF Link Fund in US dollars.

1. In addition, a major innovation of Hang Seng ETF-linked funds is to increase the way of buying dollars. Funds bought in dollars will still get dollars when they are redeemed, which provides a new financial channel for investors holding idle dollars. The face value of Hang Seng ETF linked fund subscribed in RMB is RMB 1.00 yuan, and the fund share subscribed in USD. After the fundraising, the fund manager shall determine the net value of USD conversion according to the exchange rate of RMB against USD on the last day of fundraising, and calculate the subscription share accordingly. It is worth noting that the dollar purchase fund also has a preferential rate. During the subscription period and within one year after the open subscription, the subscription/subscription rate in USD is 0.

2. Investors can choose their own investment mode according to their actual situation. Generally speaking, large institutions such as social security funds, enterprise annuities and insurance companies mainly participate in the subscription and redemption of ETFs, while small and medium-sized investors mainly participate in the trading of ETFs in the secondary market. For bank customers who have not opened securities accounts in Shenzhen, they mainly participate in ETF linked funds. A major innovation of Hang Seng ETF linked fund is to support the simultaneous purchase of RMB and USD.

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