What's the difference between A shares and B shares? Can you be specific?

What are A shares and B shares? What's the difference between A shares and B shares?

At present, the stock exchange centers in China are Shanghai Stock Exchange and Shenzhen Stock Exchange. There are two kinds of stocks in China: A shares and B shares. When A shares are sold in China, the transaction method is RMB, while B shares are sold overseas. The key is to use US dollars or Hong Kong dollars as the transaction method.

What is A-share?

A shares: also known as RMB ordinary shares, and B shares: also known as RMB special shares, which are not commodity stocks. Electronic equipment accounting, stock trading time, stock increase, the same company can sell A shares first, and then B shares. Maybe they should get permission from the China Securities Regulatory Commission. It is also true that enterprises only sell B shares; A shares are purchased and traded in RMB, Shanghai B shares are purchased and traded in USD, and Shenzhen B shares are purchased and traded in HK$;

A shares shall set up stock accounts in Shanghai stock market and Shenzhen stock market respectively in the business department. Nowadays, bank accounts are generally completely free. B shares should also set up stock accounts in Shanghai and Shenzhen in the sales department, deducting the opening fees of US dollars and Hong Kong dollars respectively. If both A shares and B shares are established by securities companies, four stock accounts can display information in one asset account. However, RMB and foreign exchange transactions in the account cannot be changed. Foreign exchange transactions in the same asset account can be exchanged online according to the business department, and the exchange fee can be deducted;

The investors of A shares are regional organizations, institutions or themselves. Investors of B shares were previously required to be foreign general partners, legal representatives and other institutions, general partners, legal representatives and other institutions in China, Hongkong, Macau and Taiwan Province Province, and China people living abroad. The B-share sales market is open to local residents. 19 Foreign exchange transactions deposited in financial institutions before February can enter the B-share selling market first, and others can only enter on June 1 9. This caused a wave of ups and downs in the market for many months. The B-share sales market is not open to the outside world.

What is a B-share? The name announced by B shares is RMB special shares. It will be denominated in RMB, subscribed and traded in foreign currency, and foreign stocks will be sold and traded in China (Shanghai and Shenzhen) stock exchanges. B shares must be approved by the General Office of the State Council and the competent securities institutions, and regional organizations and citizens of China are not allowed to trade or buy them.

Domestic B-shares are registered preferred shares denominated in RMB, which are sold by domestic Chinese-funded enterprises to domestic and foreign investors, who subscribe in foreign currency and sell them on domestic local stock exchanges. It is a special kind of RMB stock sold in China, specially for foreign investors and investors from Chinese mainland, Hongkong, Macau and Taiwan Province. The sale of B shares requires the approval of the General Office of the State Council and the competent securities department. Chinese-funded enterprises and China people in China are not allowed to buy and trade such stocks.

The amount of such shares is denominated in RMB. When foreign investors buy, they will be converted into foreign exchange payment according to the local foreign exchange market price at that time. Dividends distributed by sales enterprises to investors are denominated in RMB and then converted into foreign exchange payment according to the local foreign exchange market price at that time. The transaction price follows the market and is priced in US dollars on the Shanghai Stock Exchange and Hong Kong dollars on the Shenzhen Stock Exchange. 199 1 year165438+1October 30th, Shanghai Shen Yin Securities Company was entrusted by Shanghai Vacuum Electronics Co., Ltd to underwrite the first B-share. 1February 2, 9921,B shares of Shanghai Stock Exchange just started trading in Hong Kong. In order to reflect the market trend of B-shares in China, the Shanghai and Shenzhen Stock Exchanges have compiled and published the classified stock price index of B-shares and the comprehensive index value of A-shares and B-shares in addition to the "Shanghai Stock Exchange Index" and "Shenzhen Stock Exchange Index".

The difference between A shares and B shares is 1, and the types are also different: A shares are RMB hard shares listed and sold by enterprises; B-shares are stocks that enterprises sell on the market and work hard in dollars.

2. The scale of doing business is different: A-share shopping malls are Shanghai Stock Exchange and Shenzhen Stock Exchange; The only B shares that do business in US dollars are the Shanghai Stock Exchange, and the only A shares that do business in Hong Kong dollars are the Shenzhen Stock Exchange.

3. The overall goal of capital injection is different: A shares are stocks that China himself and the company can inject capital and do business; And B shares may therefore have cash for foreign exchange transactions, which may be distributed by China himself, but therefore, overseas individuals and distribution may have individuals and distribution for overseas foreign exchange transactions in China and China.

4. Different business expenses: A shares generally deduct 0.2-0.3% business commission, while B shares will strive for 1% business commission.

5. Profit carry-over methods are different: A-share stocks generally pay dividends and try to use RMB; B shares are generally carried forward to the profit level of enterprises in accordance with the global accounting standards for business enterprises, and converted into foreign exchange transactions at inevitable interest rates for shareholders of the company. The key difference between A shares and B shares is that investors are different. The investors of A shares are regional institutions, while the investors of B shares are overseas staff, including China people living overseas.