What Is The Difference Between A And B Trading Rules?

Issue: B shares for private placement, A shares for public offering.

Trading time: same as that of A shares. The difference lies in the fact that B shares in Shenzhen stock market are closed on public holidays in Hongkong except on domestic holidays and holidays.

Trading units: Shenzhen B shares are the same as A shares. They are based on one hand or 100 shares or their integer multiple, while the B shares in Shanghai stock market are 1000 units in one hand or integer in number.

B shares can be knocked, but A shares will not work.

Dividends: A, B shares share the same rights and interests.

B share pairs

Rights issue: B shares have not been allocated shares since 97 years, while companies with A and B shares generally only share rights with A shares.

Information disclosure: B shares must be announced in the Hongkong daily, and A shares should be announced in the three major newspapers.

4) Shanghai's B shares paction charge and certification fee: 0.0045% respectively according to the paction amount.

The "last trading day" of B shares is equivalent to the A share registration date, which determines the last trading day of B shares, which means that the date is the last day of trading with the rights (or rights or interest bearing) stocks. As long as the B-share holders have been closed at the end of the last trading day, they can own the rights of offering shares, placing shares and distributing dividends, and can confirm the specific date of the "share registration date" of B shares through the "final trading day" of B shares.

The "ex dividend date" indicates that the B-share investors bought or held before that date enjoy the rights of sending shares, increasing shares and distributing cash dividends.

The T+3 registration system is adopted according to B shares, and the "share registration date" of B shares is the third trading day after the last trading day.

Until the date of "stock registration date", the equity registration of B-share investors will be completed, which means that the B-share stock until the date of stock registration will really be included in the name of B-share investors.

It is particularly worth mentioning that whether the B-share investors enjoy the right to increase the shares and distribute the cash dividend rights depends on looking at the "last trading day" of the B-share, rather than looking at the "last trading day" of the B shares, which is equivalent to the A share registration date, and determines the last trading day of B shares, which means that the date is the last day of the paction containing the rights (or rights or interest bearing) stocks. As long as the B-share holders have been held at the end of the last trading day, they can own the rights of offering shares, placing shares and distributing dividends and so on, and the specific date of the "share registration date" of B shares can be determined through the "final trading day" of B shares.

"Ex dividend date" indicates that the B-share investors bought or held before that date are entitled to send shares, increase shares and distribute the shares.