For H shares, dividends and dividends are the same. H shares only convert RMB into Hong Kong dollars. Some brokerage houses or banks in Hong Kong will charge handling fees for dividends and dividends.

Same shares have the same rights. Of course, one A share and one H share of the same company have the same rights. They both have one vote when voting at the shareholders’ meeting.

Only institutional investors in mainland China can invest in H shares, and individual investors in mainland China are not yet able to directly invest in H shares. In Tianjin, individual investors can directly invest in H shares by opening the "Hong Kong Stock Express" business at the outlets of major securities companies.

However, the State Council has not yet made the final decision to open the floodgates to this business. It will take some time for individuals to directly invest in H shares. International capital investors can invest in H shares.

A-shares are not physical stocks. They use paperless electronic accounting and implement a "T+1" delivery system. There is a price limit (10%). The participating investors are mainland Chinese institutions or individuals. The stocks of listed companies in China include A shares, B shares, H shares, N shares and S shares.

Extended information

As for the weight, since the H companies listed in Hong Kong are registered in the mainland, if there are A-shares listed in the mainland at the same time, the A-shares generally account for a larger proportion. , such as PetroChina, Industrial and Commercial Bank of China, etc., the proportion of A-shares is more than 70%. Currently, there is only one exception, and that is China Construction Bank.

CCB first issued H shares and was listed in Hong Kong. At the time of listing, it converted all domestic shares held by Huijin into H shares. Therefore, its A-share listed shares were only 9 billion publicly issued. shares, and H shares have more than 200 billion shares. Of course, with the approval of regulatory authorities, AH shares can actually be converted into each other.

Purchase

1. You can open a Hong Kong stock account through a Hong Kong brokerage company in the Mainland to operate H shares. (Such as KGI Securities, Hengfeng Securities, Guoyuan Hong Kong, China Merchants Bank Hong Kong, etc.)

2. At present, it is not possible to directly obtain H shares from domestic brokerage companies, and they are generally through Hong Kong Li Brokerage companies open accounts, so these brokerage companies will act as agents for the transfer of funds in and out. The specific details are different for each brokerage firm.

Baidu Encyclopedia-A shares

Baidu Encyclopedia-H shares