What's the difference between A shares, Hong Kong stocks and US stocks?

A-shares, Hong Kong stocks and US stocks are all frequently used words in the stock market, and they are also one of the necessary knowledge for investing in the stock market. Today, Bian Xiao will tell you the difference between them.

What's the difference between A shares, Hong Kong stocks and US stocks?

1 has different definitions.

A-shares refer to RMB common shares issued by companies in China and subscribed and traded by domestic institutions, organizations or individuals. Hong Kong Stock Index A stock listed on the Hong Kong Stock Exchange. The most significant time difference between U.S. stocks and A-shares is the lunch break of U.S. stocks.

2 The market size is different.

According to the relevant data of Shanghai Stock Exchange and Shenzhen Stock Exchange, as of 20 17, there are 3,288 listed companies in the whole A-share market with a total market value of nearly 55 trillion RMB, 2,009 listed companies in the Hong Kong Stock Exchange with a total market value of about 27 trillion HK dollars, and 367 listed companies in the US stock market with a total market value of about 26 trillion US dollars.

3. Different market openness.

The A-share market is relatively closed, the Hong Kong stock market is free and open, and the US stock market brings together outstanding companies from all over the world.

4 trading preferences are different.

A shares prefer small-cap stocks, with good liquidity and low cost of making mistakes. Hong Kong stocks like leading enterprises, while US stocks are between Hong Kong stocks and A-shares, and closer to Hong Kong stocks.

Bull-bear cycles are different.

The A-share market has the characteristics of "bull short bear long", while the US and Hong Kong stock markets can be said to be "bull long bear short".

5 investors have different structures and styles.

A-share investors are mainly retail investors, Hong Kong investors are mainly investment institutions, and US stocks are also mainly investment institutions.

6 different trading varieties.

Compared with A-shares, Hong Kong stocks have distinctive investment varieties such as turbine, bull and bear certificates, while US stocks are ETFs, with many kinds of investments covering various industries, commodities and targets.

7 The trading system is different.

A-share trading is T+ 1, which means "stocks bought on the same day need to be sold the next day". The trading between Hong Kong stocks and US stocks is T+0, that is, the same stock can be bought and sold many times on the same day.

In addition, there are many differences among A shares, Hong Kong stocks and US stocks. For example, there are different restrictions on price limits, dividends, and subscription of new shares. Bian Xiao won't introduce you one by one. But if you want to invest in Hong Kong stocks or US stocks, you need to know the specific differences between them.