The differences between A-shares and H-shares are as follows: 1. Different listing places. A-shares are issued by companies registered in China and listed domestically; H-shares, also known as state-owned shares, are registered in the mainland but listed in Hong Kong.

2. The pricing currencies of the two are different. The currency of circulation of A shares is RMB, while the currency of circulation of H shares is Hong Kong dollars.

3. Different investors: A-shares are common stocks that can be subscribed and traded in RMB by domestic institutions, organizations or individuals (from April 1, 2013, residents of China, Hong Kong, Macao and Taiwan can open A-share accounts);

Only institutional investors can invest in H shares in mainland China. Individual investors in mainland China are not yet able to directly invest in H shares.

4. Different types. A-shares are not physical stocks. They use paperless electronic accounting and implement a "T+1" delivery system, with a price limit of 10%. H-shares are physical stocks and implement "T+0" delivery.

System, no price limit.