Shanghai And Hong Kong Through Pre Opening Account Threshold 500 Thousand Pay Market Difficult To Broker

"Who gets the account gets the world".

Take Huatai Securities as an example.

Investors only need to account for more than 500 thousand yuan of funds, and through the mobile terminal's "happy Lok Tong" online to answer some basic knowledge of Hong Kong stocks, and sign a cooperation agreement, you can successfully open the Hong Kong stock account.

The whole process only needs four steps. If it is successful, the opening time will not exceed 2 minutes.

Shanghai and Hong Kong, a business department of Shanghai and Hong Kong, said that although these accounts are still open within the securities company's internal system, they are only a step away from the real account opening. Once the business is officially opened, the accounts will be placed on a regular basis.

At present, the Shanghai and Hong Kong through the market on the 27 day of the formal launch is expected to become increasingly strong, and according to the latest settlement of China's securities accounts related provisions, natural investors to participate in Hong Kong stocks through trading can open a number of Shanghai stock market A shares account.

More than a number of brokerage brokers interviewed believe that the A stock account of Shanghai Stock Exchange, which is opened by stock companies for investors, is still an ordinary A share account in Shanghai stock market. On this basis, the trading variety is restricted to the shares of Hong Kong stock.

In the future, once China's settlement is fully released, "one person, one household" will enable investors in Shanghai and Hong Kong to achieve "one person, many households" immediately.

Therefore, whoever can win more customers in Shanghai and Hong Kong will be able to take the lead in the competition of "one person, many households", which is being gradually liberalized.

Wan Jianhua, chairman of Guotai Junan, has said that the financial industry in the future is "getting the accounts".

Therefore, only by grasping the investors' accounts can we provide services for the potential financial needs of our customers.

Although the Hong Kong Stock Exchange has only opened a hole for "one person, many households", securities companies want to attract more high net worth customers.

The threshold of Shanghai and Hong Kong has reached 500 thousand yuan. Most of the investors who have such investment strength are high quality customers of securities companies.

Which brokerage company will not pay attention to? "A senior official of Donghai Securities said that the company is working hard to cooperate with customers to do a good job in customer registration.

The opening of Hong Kong stocks to enter the substantive stage of operation has also made the payment market, which is a headache for domestic and large brokerages, once again pushed to the forefront.

It is reported that Hongkong

Only a certain fee can be paid to check the real time quotations of Hong Kong stocks. However, considering that mainland investors have long been used to view the market free of charge, the Shanghai Stock Exchange and the HKEx are tentatively scheduled to exchange them for free use.

This means that investors can see the real time market price of Hong Kong stocks through the market software free of charge, but if investors want to go further to see the five or ten market quotations, they need to pay a certain amount of data service fee to the HKEx.

And that is to say, the mainland brokerages will still have to collect fees according to the number of customers who use the quotas.

"Even if you can't offer the five gear market as freely as the Shanghai Stock Exchange, but at least give a package price.

"By the head" charges, in the end, the majority of domestic securities companies pay.

A broker who was quoted by a brokerage company shook his head when he mentioned the pay market. "Before the big brokerage company could rely on the scale of its customers to dilute the cost, the move was totally ineffective in Shanghai and Hong Kong.

The more customers open, the more losses the brokerages lose.

Together with the portfolio fees, few brokerages can stand it. "

A broker disclosed that the price offered by a Hong Kong stock market data provider was 80 yuan per customer per month, thereby deducting the annual cost of 960 yuan.

"If the company has 10 thousand customers to participate in the Hong Kong stock market, the annual cost of light market is about 10 million."

"Viewing the five gear market has long been popular among A share investors. Not only that, according to the trading rules of the Hongkong market, multi market quotation is more important to investors' order," he said.

A gold medal lecturer in Shanghai and Hong Kong, a broker who does not want to be named, said that the multi market quotation can not only reflect the strength of buying / selling more realistically, but more importantly, under the T+0 system, the price of the declaration is closely related to the immediate market.

For example, in continuing

During the period, the declared price submitted by investors, such as selling for a better price, is lower than the 9 price, and the purchase price can be 9 higher than the best selling price.

"As far as I know, the Shanghai Stock Exchange is still communicating with the Hong Kong stock exchange for a time. It is unlikely that the five or ten market will be available for free. Now we hope that the HKEx can give the domestic brokerages a group purchase price."

A senior securities dealer in Shanghai revealed.

"The company has initially drawn up several drafts.

The best plan must be the coordination of regulators. If negotiations fail, we may adopt a step-by-step way to give customers a certain fee waiver or even exemption.

A listed broker, Shanghai and Hong Kong through the business responsible person.

It is reported that in order to attract high-quality customers, Hongkong brokerages will start at the expense of the payment of the market. After the monthly trading volume reaches a certain amount, the method of discount or expropriation is adopted, so as to show that the brokers do not have unified pricing on the market charges, but usually range from dozens of HK dollars to HK $200.

"Not only is Hongkong, the stock market data service fee is also charged in other markets of the world, but the mainland is very special. Because Hongkong exchange is a listed company, Hongkong should move closer to the mainland in the short term, so it is impossible to make the real time quotations completely free.

The broker can make mainland investors accept the international practice of market charging through investors' educational activities, or they can bear this part of their expenses out of pocket.

Hongkong securities brokerage business executives said.