1. The average daily assets of individual investors' securities accounts and capital accounts in the 20 trading days before the opening of the application authority are not less than 500,000 yuan;

2. Individual investors must have the basic knowledge of stock trading in Hong Kong Stock Connect and pass the business evaluation of Shanghai-Hong Kong Stock Connect, with a score of not less than 80 points;

3. Individual investors need to open a standard A-share account in Shanghai;

4. The risk tolerance level of individual investors needs to match, the investment period is not shorter than "short-term", and the acceptable investment varieties include "stocks".

The account opening process for purchasing Hong Kong stocks is as follows:

1. Register an Internet brokerage app in Hong Kong (Apple12, iOS14) that can open an account in Hong Kong stocks; );

2. Click on Hong Kong stocks to open an account, fill in personal information and verify your identity. Verification requires ID card, Hong Kong, Macao and Taiwan pass or passport and proof of address;

3. Complete the risk disclosure and customer statement, then complete the information verification and sign the account opening letter;

4. Click Submit, and then enter the review stage. After the approval, it means that the investor has successfully opened an account.

Definition of Hong Kong stocks:

Hong Kong stocks refer to the stocks listed on the Hong Kong Stock Exchange of the People's Republic of China (PRC) Special Administrative Region. Hong Kong's stock market is more mature, more rational and more sensitive to the world market than the mainland. If mainland stocks are listed in both the mainland and Hong Kong at the same time, forming an "A+H" model, we can judge the trend of A shares according to their situation in the Hong Kong stock market.

Fund accounts are mainly classified as follows:

(1) Cash account:

Cash account refers to the capital account that customers must pay the full price or deliver the securities to the securities company before the delivery date or when buying or selling securities through the securities company. Most individuals and large investors in China, such as insurance companies, enterprises or government pension funds, mutual funds, etc. Open a cash account.

(2) Margin account:

Margin account refers to a capital account where customers pay the price of the securities they buy according to the margin ratio specified in the account, and the balance is paid by the securities company, and the loan interest is converted according to the borrowing cost of the securities company. Under this account, customers can buy a lot of securities with little money.