1. Opening conditions for individual investors: the risk tolerance of individual investors should be stable at more than 500,000 yuan (including personal assets in credit accounts). On the basis of understanding the business rules and processes of HKEx, to fully understand the investment risks of HKEx, you need to take the HKEx knowledge test and get more than 90 points.
2. Conditions for institutional investors to open an account: institutional investors are not subject to the above restrictions. However, both individual investors and institutional investors must abide by the integrity of "no serious bad credit record", and laws, administrative regulations, departmental rules, normative documents and exchange business rules do not prohibit or restrict the securities trading in Hong Kong.
3. According to official website of Guosen Securities, investors can open a joint account of Shenzhen-Hong Kong Securities in four steps: submit an application for opening an account (fill in the application form online in 3 minutes) and prepare application documents (ID card, proof of address, etc.). ), and witness (the broker actively contacted); And successful account opening (receiving the notification of successful account opening by mail). Generally speaking, it is not difficult to open an account in Shenzhen-Hong Kong Stock Connect, but it is necessary to meet the application conditions and pass the knowledge test of the Hong Kong stock joint entrance examination. Investors in need can learn more about it.
Shenzhen-Hong Kong Stock Connect: Shenzhen-Hong Kong Stock Connect is the abbreviation of the transaction interconnection mechanism of Shenzhen-Hong Kong Stock Exchange. It refers to the establishment of technical links between Shenzhen Stock Exchange and Hong Kong Stock Exchange, so that mainland investors and Hong Kong investors can buy and sell stocks listed on the reverse exchange within the prescribed scope through local securities companies or brokers.
Institutional arrangements of Shenzhen-Hong Kong Stock Connect: The main institutional arrangements of Shenzhen-Hong Kong Stock Connect refer to Shanghai-Hong Kong Stock Connect and follow the current trading settlement laws, regulations and business models of the two markets. There are five main points:
1. The transaction settlement activities comply with the laws and commercial rules of the market where the transaction settlement takes place. Listed companies continue to be subject to the listing rules and other regulations of the place where they are listed.
2. China settlement and Hongkong settlement adopt direct cross-border settlement and become participants in each other's settlement.
3. The investment scope is limited to the stocks determined by the regulatory authorities of the two places and the exchanges through consultation.
4. Implement daily quota management and real-time monitoring for cross-border investment. The regulatory authorities of the two places can adjust the investment quota according to market conditions.
5. The investors in the Hong Kong-Shenzhen joint venture are limited to institutional investors and individual investors, and the balance of the securities account and capital account is not less than 500,000 yuan.