With 20 In June, it will be possible to trade Tencent securities, Xiaomi, Meituan and others
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"SPb-birzha" reported, what 20 June will begin exchange trading 12 securities with a primary listing on the Hong Kong Stock Exchange (HKEX). But for broker clients, the service may not be available immediately..
What promotions will be available
At the start, investors will be able to trade stocks 12 companies. Securities will receive numerical tickers, which are used on the Hong Kong Stock Exchange:
- Alibaba — 9988.
- CK Asset Holdings — 1113.
- CK Hutchison Holdings — 1.
- Country Garden Holdings — 2007.
- JD.com — 9618.
- Meituan — 3690.
- Sands China — 1928.
- Sino Biopharmaceutical — 1177.
- Sunny Optical Technology — 2382.
- Tencent — 700.
- WH Group — 288.
- Xiaomi — 1810.
Securities of some companies have already been presented on the St. Petersburg and Moscow exchanges, e.g. Alibaba and JD.com.
The list of securities is promised to be gradually expanded. By the end of 2022, SPb-Birzha plans to increase their number to 200, and during 2023 — up to 1000 items.
How the auction will be held
Trading and settlements will go in Hong Kong dollars – HKD. In one lot there will be one paper or the number of papers, multiple 10.
The trading calendar is synchronized with the calendar of the Hong Kong Stock Exchange. Bidding will be held from 8 to 18 hours Moscow time, and settlements will take place in the T+2 mode - on the second trading day after the transaction.
In addition to the usual commissions, investors will have to pay stamp duty. (stamp duty) in size 0,13% of the transaction amount. It is provided for by the laws of Hong Kong, it must be paid and the seller, and buyer, rounded up to a whole dollar.
What else you need to know
For now, it will be a trial operation format – to Brokers could set up accounting systems for settlements in Hong Kong dollars and stamp duty retention. "SPb-Birzha" expects, that leading Russian brokers will open the service for customers within 1-1.5 months. Not all brokers have announced their connection to the system yet, therefore, it is better to check with your broker, when the bidding will begin.
Tinkoff Investments will open access to trading in new securities for investors on all tariff plans in the near future. At the same time, transactions do not require the status of a qualified investor - it is enough to pass testing on foreign shares, if the investor has not passed it before.
Recall, that now Russian investors are experiencing problems with access to foreign securities on Russian exchanges. Due to international sanctions, European depositories Euroclear and Clearstream suspended servicing of the Russian NSD. Foreign shares have not been traded on the Moscow Exchange since the end of February, and at the end of May, SPb-Birzha restricted access to part of foreign securities.
Maybe, there will be no such problems with Hong Kong securities. European infrastructure will not be used in bidding, а Китай не накладывал санкций.
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