Hong Kong Stock Knowledge &Nbsp; Advantages Of Investing In Hong Kong Stocks.

1. Hong Kong stocks The valuation level is obviously lower than that of A shares, and the investment value is obvious.

The Hongkong stock market is an international capital market, and its valuation level is comparable to that of the international mature market. According to Zhong Zhong, a research and development center of China Merchants Securities, in November 20, 2007, the earnings index of Hang Seng index was 18.39 times that of the Hang Seng Index. At that time, the Hang Seng Index closed at 27771 points, while the 22995 index of Hengshi in March 11, 2008 was equivalent to 15.23 times price earnings ratio, far below the level of A shares. At the same time, the price of H shares in Hongkong and mainland listed companies is also significantly lower than that of A shares. As of March 11th, 31 of the 51 H-shares had a discount rate of 50% over A shares. Although H-shares are low in price, they represent the same shares as A shares. For the same stock, the lower the buying price, the greater the margin of safety and the lower the cost. The reason why the mainland stock market is highly valued is that the mainland stock market is a closed market and investors can not invest directly in the peripheral stock market. In the long run, the estimated level of the stock market will be the same when the direct investment of Hong Kong stocks is opened or the QDII scale of the Hong Kong stock investment increases substantially. Such shares are safer than A shares.

2, Hong Kong stock tax and fee are better than A shares.

　　 A shares When the cash dividends were paid by the listed companies, the mainland market had long received a 20% personal income tax on dividends. Since 13 June 2005, dividend income has been temporarily reduced by 50% to personal taxable income, equivalent to 10%. The cash dividends of Hong Kong Equity listed companies are tax-free, and brokerage fees are charged at 0.5% of the total dividend amount (not less than HK $20). A shares receive 3/1000 stamp duty, while Hong Kong shares stamp duty rate of only 1/1000. The Commission of Hong Kong equity brokerage is between 0.01%-0.25%, the lowest is HK $100, but on the same trading day, the same stock is bought or sold several times, and the Commission is charged according to the total transaction volume.

3, Hongkong New shares The winning rate is high and the rate of return is stable.

The subscription of A shares is not divided into the size of the funds, and the new shares are allocated to the subscribers according to the uniform winning rate. Even if the large share market such as PetroChina, the winning rate is only 1.94%, to 860 thousand yuan to get a steady hand. Small retail investors are hard to subscribe to. While the Hong Kong stock market has adopted a policy of tilting to small investors, even the hot stocks such as Alibaba (1688) have reached a single hand rate of 6%, and 20 hands, that is, less than HK $140 thousand, will get the best of them. A shares subscribe for new shares, and brokerages do not provide financing, while Hongkong brokerages generally provide 9 times the financing of investors' own funds. Therefore, although the first day's growth of Hong Kong stocks is not as large as that of A shares, there is a risk of breakage, but in general, small and medium investors have a steady income.

4, Hongkong market There are more varieties of transactions.

For warrants, the warrants of A warrants are allocated free of share reform, or convertible bonds are issued. They are launched with bonds, with a very limited number and high premium rates. The large cap stocks of Hong Kong stocks almost have a large number of time limits, premium rates and different warrants and warrants, such as PetroChina (0857), as of March 11th, there were 214 warrants and 23 warrants. Hongkong also has a large number of warrants of Hang Seng Index and the state-owned enterprises index, as well as the warrants of gold and foreign exchange. In addition, Niu Xiong card and stock index futures are no varieties of A share market.

At present, due to the no opening date of the Hong Kong stock direct train and the decline of the global stock market, Hong Kong stocks have higher investment value than the high level of last year. Conditional investors can discard A to invest H or invest indirectly in the Hong Kong stock market through QDII.

Recently I analyzed Jinshan software (the closing price of the article was HK $2.55 on the same day), which has risen from the lowest HK $1.75 to HK $3.08. Surprisingly, because I analyzed Jinshan software, some netizens bought it, and of course I was covered up. I buy an average price of less than HK $3.02, the most loss of 42%, no wonder Buffett said that half of the stock price can not bear half of the stock should not buy stocks. I also recently claimed to have bought 10 hands of A shares and 500 shares of H-share. Unfortunately, those who followed me should not have suffered much. The current closing price is 32.13 yuan. And today announced the first quarter performance forecast, a 140% increase over the same period last year. Of course, I know that someone may follow me to buy it, but has there been any "bad thing" that I have bought "PetroChina, a lifetime without worries, and Sinopec, a lifetime without fear". Strange, some people like to bullshit in the stock market, causing a lot of people to lose money, but they have not been hacked to death.

It has been confirmed at 500 p.m. on Saturday at Guangdong Road, near the Shanghai Bookmall.