After The Launch Of Shanghai And Hong Kong, Investors Need To Guard Against Four Major Differences.

After a long time, Shanghai Hong Kong and Hong Kong finally welcomed the opening of the A share market and the Hong Kong stock market. Yesterday, the China Securities Regulatory Commission and the Hongkong securities and Futures Commission decided to approve the Shanghai stock exchange, The Stock Exchange of HongKong Limited, China Securities Depository and Clearing Co., Ltd. and Hongkong Central Clearing Co., Ltd. formally launched the pilot scheme for interconnection and interconnection between Shanghai and Hong Kong stock exchanges. The Shanghai and Hong Kong stock exchanges will open in November 17, 2014.

Under the pilot of Hongkong and Hong Kong, investors need to pay attention to what points they need to invest. Industry experts believe that there is a big difference between the stock market in China and the mainland stock market, including the vane, market environment, valuation criteria and trading rules that affect the stock market. Investors need to pay attention to the differences in many aspects. Hongkong stock market has strong internationalization and marketization characteristics, so investors need to learn to vote with feet.

Dong Dengxin, director of the financial and Securities Research Institute of Wuhan University of Science and Technology, said in an interview with reporters that there are four main points for investors to pay attention to in Hongkong and Hong Kong through investment. First, investors need to pay attention to the fact that the trend of the market is mainly influenced by European and American stock markets. European and American Stock Markets If it rises, the Hongkong stock market will also rise, otherwise it will fall. It will not follow the trend of the domestic A share market. Euramerican stock market is the vane of Hongkong stock market. Therefore, while paying attention to Hongkong stock market, we should also pay attention to the trend of European and American stock market.

Second, Investor It should be noted that at present, the stock market in Hongkong is at a high level, while the A share market in China is at a low level. This is a difference in the environment between the Hongkong stock market and the mainland stock market, and investors need to consider the high value of Hongkong stock. In addition, in the end of bull market in Europe and the United States, Hongkong stock market will also have some adjustment. Therefore, investors also need to pay attention to the risk of investment brought by cyclical nature of stock market.

Third, the difference between valuation criteria is also an important factor in investment. There are great differences in stock valuations between Hongkong stock market and A share market, Hongkong. equity market There will be very high valuations in the big blue chips, and the high valuations in the mainland stock market are mainly junk stocks and small cap stocks.

Fourth, the Hongkong market is different from the mainland stock market in terms of trading rules and delivery systems. A shares are traded in the form of "T+1", while Hong Kong stock transactions take the form of "T+0". A shares trading "T+1" mode, that is to say, investors can not sell the shares they bought on that day, they can only be sold on the second day after the transaction, while the Hong Kong stock can be traded on that day, which makes the investment in Hong Kong stocks no rise or fall cost. In addition, because Hongkong stock market has strong internationalization and marketization characteristics, investors need to learn to vote with feet.