Hong Kong Investors Invest in A Shares
After Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect has been launched! As a leading expert in RMB and cross-border services, BOCHK provides all-rounded China A shares Trading Services to help you grasp the investment opportunities in Hong Kong and China.
For the trading day arrangement of Northbound Trading, please refer to the "Trading calendar for Northbound Trading" released by the Hong Kong Exchanges and Clearing Limited.
Convenient securities trading services
- Trade China A shares and Hong Kong stocks through one securities account.
- China A shares Securities Margin Trading Services* .We offer extra investment capital of up to 70% of the prevailing market value of stocks.
- Trade China A shares via Family Securities Accounts to set family's financial goal.
- Trade China A shares via Internet Banking, Mobile Banking, designated branches with securities trading services or manned hotline anytime and anywhere.
Preferential fees
- Under the Securities Club, the higher the accumulated securities transaction amount or the Investment Assets Value held with BOCHK, the lower the service fees.
- Stock Custodian fees will be charged only once even if you hold Hong Kong stocks and China A shares in the same securities account.
- There is no additional service fee for trading China A shares.
Comprehensive value-added services
- Unique Free Online and Mobile Virtual Securities Investment Platform which is conducting virtual securities trading transactions for China A shares with virtual fund based on real-time stock price. It allows you to sharpen your skills and accumulate experience before investing.
- You can access and download daily e-Statements of the last 90 days and monthly e-Statements of the last 13 months anytime via Internet Banking.
- Stock trading records of Hong Kong stocks and China A shares are separately displayed on the same statement for easy reference.
- You can receive important alert messages such as confirmation of order status, corporate action, etc. via SMS or email.
- Enjoy comprehensive nominee services including stock custody, collection of dividends and bonus shares, and corporate actions handling, etc.
- Strong RMB services such as exchange, deposits, etc.
Comprehensive Market Information
- A shares information: unlimited free real-time Shanghai A shares and Shenzhen A shares stock quotes and market news information
- Online weekly expert analysis
- Professional A Shares Market Analysis report
- Free online financial news subscription
Useful Information
Comparison between trading China A shares and Hong Kong stocks in Hong Kong.
Investing in China A shares via Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect is different compared with investing in Hong Kong stocks. Investors should get prepared before conducting transactions.
|
Trading Shanghai A shares in Hong Kong | Trading Shenzhen A shares in Hong Kong | Trading Hong Kong stocks in Hong Kong |
|---|---|---|---|
Stocks available |
Constituent stocks of SSE 180 Index Constituent stocks of SSE 380 Index A shares listed on both Hong Kong Exchanges and Clearing Limited ("HKEx") and Shanghai Stock Exchange ("SSE")under risk alert board) |
Constituent stocks of SZSE, Component Index & SZSE Small/Mid Cap Innovation index with a market capitalization of at least RMB 6 billion. A shares listed on both Hong Kong Exchanges and Clearing Limited ("HKEx") and Shenzhen Stock Exchange ("SZSE") (Excluding share under risk alert board) |
All stocks listed on Hong Kong Exchanges and Clearing Limited ("HKEx") |
Quota |
Aggregate Quota: Nil Daily Quota: CNY 13 billion |
Same as Shanghai Connect |
No limit |
Stock Code |
6 digits First 2 digits will be “60” |
6 digits First 2 digits will be "00”or”30” |
5 digits |
Participant |
Nil |
ChiNext board : limited to institutional professional investors during the initial launch of Shenzhen Connect | Nil |
Settlement |
RMB |
Same as Shanghai Connect
|
HKD |
Board lot size |
100 shares per each board lot |
Depends on the stock |
|
Price limit |
Order price cannot exceed +/-10% of the previous closing price |
No limit |
|
Tick size |
Flat fee of CNY 0.01 |
Vary from HK$0.001 to HK$5, depending on the stock price |
|
Trading hours |
Opening Call Auction session: Morning session: Afternoon session: |
Opening Call Auction session: Morning session: Afternoon session: Closing Call Auction session: |
Auction session: Morning session: Afternoon session: Closing Auction session: |
Trading days |
All business days on which both markets are open for trading and banking services are available in both markets on the corresponding funds settlement days |
Same as Shanghai Connect | All HKEx trading days |
Clearing and |
Stocks clearing: T day Funds settlement: T+1 day |
Stocks clearing and funds settlement: T+2 days |
|
Day trading |
Not allowed. Stocks purchased on T day can only be sold on or after T+1 day |
Allowed |
|
Stock Custodian |
In scrip-less form, physical withdrawal is not allowed. |
For most of the stocks, physical withdrawal is allowed. |
Source of information related to the Shanghai Connect and Shenzhen Connect : HKEx, November 2016
*Reminder: To borrow or not to borrow? Borrow only if you can repay!
Risk Disclosure:
The following risk disclosure statements cannot disclose all the risks involved and does not take into account any personal circumstances unknown to BOCHK. You should undertake your own independent review and seek independent professional advice before you trade or invest especially if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment. You should carefully consider whether trading or investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
Risk Disclosure of Securities Trading
Risk of Securities Trading
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
Risk Disclosure of Securities Margin Trading
The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
You are reminded to understand the relevant details, charges and important notes before investing in Shanghai A shares or Shenzhen A shares. For details, please read the “Important Notice of Trading China A Shares and A Shares Margin Trading via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect” in BOCHK’s website or the branch staff of BOCHK. Details
Conversion Limitation Risk of RMB (Only applicable to Individual Customers)
RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
Conversion Limitation Risk of RMB (Only applicable to Corporate Customers)
RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
