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小诸葛带您走进港股通——五分钟了解港股通交易税费
Core Viewpoint - Many investors misunderstand the transaction cost calculation rules of the Hong Kong Stock Connect due to the exchange rate conversion between RMB and HKD, leading to the belief that transaction costs are excessively high. The article clarifies that the actual transaction costs are approximately 1.1‰, primarily consisting of broker commissions, currency exchange costs, and taxes [2][7]. Transaction Costs Breakdown - The transaction costs for Hong Kong Stock Connect are mainly categorized into broker commissions, currency exchange costs, and taxes. The article focuses on the tax fees collected by exchanges and clearing companies, which total approximately 1.1‰ [2][4]. - Investors trading stocks through the Hong Kong Stock Connect must pay taxes according to Hong Kong market regulations, including transaction taxes, settlement and clearing service fees, and custody and corporate action service fees [4]. Tax Fee Details - The tax fees include: - Stamp Duty: Charged by the Hong Kong Stamp Duty Office at 0.1% of the transaction amount (rounded to the nearest dollar, with amounts less than 1 HKD charged as 1 HKD) [4]. - Transaction Levy: Charged by the Financial Services and the Treasury Bureau at 0.00285% of the transaction amount (rounded to two decimal places) [4]. - Trading Fee: Charged by the Hong Kong Stock Exchange at 0.00565% of the transaction amount (rounded to two decimal places) [4]. - Share Transfer Fee: Charged by Hong Kong Clearing at 0.0042% of the transaction amount [4]. Example Calculation - An example is provided where an investor buys 10,000 shares at HKD 100 each, resulting in a total transaction value of HKD 1,000,000. The tax fees calculated are: - Stamp Duty: HKD 1,000 - Transaction Levy: HKD 28.5 - Trading Fee: HKD 56.5 - Share Transfer Fee: HKD 42 - Total: HKD 1,127 [6]. Securities Portfolio Fee - The Securities Portfolio Fee is charged based on the market value of the held Hong Kong stocks, with different rates applied depending on the value brackets. For example, for a market value of up to HKD 50 billion, the annual fee rate is 0.008% [6]. Comparison with A-shares - The article highlights that the main difference in tax fees between A-shares and Hong Kong Stock Connect is that A-shares have a single-sided stamp duty of 0.5% paid by the seller, while Hong Kong Stock Connect requires a double-sided stamp duty payment [7].
对话菁英投顾---“跃龙潭”主创张扬
Core Viewpoint - The article discusses the recovery of A-shares due to the end of tariff shocks and the return of low interest rates and risk appetite, emphasizing the importance of timing and style rotation in investment strategies [2]. Investment Philosophy - The investment philosophy centers on "value stock selection, technical timing, and prioritizing capital safety," focusing on steady investments and capturing opportunities during market corrections [5]. - The advisor emphasizes the importance of timing in investments, advocating for a right-side trading approach that allows for better investor experience [6]. Valuation and Safety Margin - Valuation assessment combines both art and science, relying on financial data and industry trends while also considering market conditions [7]. - Key indicators for judging valuation include historical comparisons, industry benchmarks, and dynamic PE ratios, with a cautious approach to maintaining a safety margin [8]. Stock Selection Strategy - The advisor prefers a bottom-up stock selection strategy, focusing on individual company fundamentals rather than macroeconomic trends [9]. - A good company is defined by reasonable valuation, consistent profit growth exceeding 20%, significant competitive advantages, and strong cash flow [10]. Financial Statement Analysis - Financial statements are crucial for assessing a company's operational status and identifying potential risks, requiring a thorough understanding of historical data [11][12].
第三届申万宏源证券ETF实盘大赛火热来袭
Core Viewpoint - The article highlights the launch of the third ETF live trading competition by Shenwan Hongyuan Securities, aimed at enhancing investors' skills and knowledge in ETF investments amidst favorable market conditions in 2024 [2][5]. Group 1: Event Background - The competition is set to take place from June 18 to September 5, 2024, with a focus on leveraging policy benefits in the capital market [1][2]. - The event aims to provide a professional platform for both novice and experienced investors to learn and share strategies, ultimately aiming to capitalize on market opportunities [2]. Group 2: Competition Highlights - Shenwan Hongyuan Securities, as a long-established comprehensive brokerage firm, offers extensive support for all on-market ETF products (excluding money market ETFs), enabling investors to seize various market opportunities [5]. - A dedicated educational section is included in the competition, featuring modules like "Market Insights," "Competition Education Videos," and "ETF Financial Classes" to help investors quickly enhance their knowledge [7]. - The competition includes interactive activities with rewards, where participants can earn up to 6.66 yuan in red envelopes, encouraging engagement and learning [8]. - Two award categories, "Biweekly Expert Award" and "Live Trading Winner Award," are designed to cater to different investment styles, allowing participants to showcase their skills [8]. - Professional investment advisors will provide weekly market insights and analysis, supporting participants in their trading decisions [8].
申万宏源证券荣膺2025年度SRP中国峰会三项大奖
本内容最终解释权归申万宏源证券有限公司所有。 免责 声 明 ...
洞见 | 对话申万宏源党委副书记、证券公司总经理张剑,40周年起点,正如何建设一流投资银行?
①申万宏源证券正在将自身的发展融入国家叙事,将坚持和加强党的领导、服务中国式现代化 大局放在首要位置; ②张剑说,公司将充分发挥"产研+投资+投行""行研+机构+交易""财富+产品+投顾"等综合优 势; ③他谈到,公司正深化"一个申万宏源"发展理念。 ● 随着我国资本市场改革不断深入,证券行业面临着巨大的机遇和挑战。财联社特别开设走进 券商深度访谈系列,通过对证券公司的观察,全面展现证券业的新样貌、新打法、新思路,进 一步促进行业交流。深度访谈系列邀约申万宏源证券,在与公司董事长、总经理,以及五大业 务部门负责人的对话中深入理解公司与行业发展趋势。 财联社7月7日讯(记者 林坚) 对许多证券公司来说,2025年是具有重大意义的一年,不乏庆祝 成立30周年、25周年、10周年等特殊时点,这对于申万宏源证券更是如此。 2025年是申万宏源证券创业40年。10年前的2015年,作为我国证券行业规模最大的一桩市场化并 购案,公司以新面目备受注目。站在40周年的新起点,公司过往有哪些经验可借鉴?整体战略规划 能带来哪些启示?这是财联社走进申万宏源深度访谈的目的所在。 接受财联社访谈之际,申万宏源证券总经理张剑首先总结了 ...
申万宏源助力武汉高科10亿元公司债券成功发行
Group 1 - The core viewpoint of the article highlights the successful issuance of a non-public corporate bond by Wuhan Gaoke State-owned Holding Group Co., Ltd., with a scale of 1 billion yuan, a term of 3+2 years, and a coupon rate of 2.04%, achieving a subscription multiple of 4.21 times [1] - The issuer is a large state-owned holding group approved by the Wuhan municipal government, focusing on asset operation and management, high-tech industry investment, and technology park construction, playing a key role in the "Wuhan·China Optics Valley" initiative [1] - The successful bond issuance strengthens investor confidence in both China Optics Valley and Gaoke Group, providing substantial support for the issuer's development and strategic goals [1] Group 2 - The bond issuance further solidifies the strategic partnership between Shenwan Hongyuan and Gaoke Group, enhancing Shenwan Hongyuan's market influence in Hubei Province [2] - Shenwan Hongyuan aims to continue serving the real economy and expand its operations in the Central China region, facilitating high-quality financing for more entities to promote regional economic development [2]
早盘直击 | 今日行情关注
风险提示:消息面或海外市场表现超预期,流动性的不确定性。 展望后市:短线行情仍以盘整为主,即便多方发力,市场重心上移也较为缓慢,以温和整理,不断 巩固,小步慢行的方式螺旋盘升。 短线关注:一是市场环境因素,如二季度宏观经济数据以及国际经贸关系。二是场内因素,如沪深 两市成交量,以及盘中热点变化。 由于周二市场震荡上行,上证指数逼近 3500 点,因此周三多方顺势发动攻击,指数平开高走,顺 利突破 3500 点。但由于是存量资金博弈,成交量无法持续放大。同时市场热点此起彼伏,轮动较快。 因此午市多方无法扩大战果,相反保险板块在下午 2 点左右创出日内新低,影响整个市场权重股走势。 在尾盘阶段,部分银行、煤炭石油等权重股快速走弱,成交量同步放大,似有机构资金离场,拖累上证 指数在最后时刻由张转跌,冲击 3500 点也因此功亏一篑。回顾全天走势,呈现如下特点。一是目前市 场仍以存量资金参与为主,增量资金并不明显,对大盘成交量有影响。二是短线热点轮动,总体缺乏新 意,因此持续性偏弱,基本面配合也有脱节,题材概念炒作痕迹较明显。 ...
穿越牛熊周期,学会向资产配置要收益
说到投资,大多数伙伴都倾向于关注两类问 题:一类是择券,即投资标的的选择,比如说" 这只股票值得买吗"、"那个ETF有没有投资价 值";另一类是择时,即买卖时点的选择,比如 说"价格已经这么高了,还能买入吗"、"收益 率20%了,我要不要止盈呢"。 谈到资产配置,你的印象是什么呢?是"分 散风险、不把鸡蛋放到一个篮子里",还是"多 买几种产品, 东边不亮西边亮" ? 我们很容易将资产配置理解为简单的分散投 资,但实际上它指的是我们投资者根据个人的投 资目标、风险承受能力、投资期限和市场情况, 将投资资金在不同资产类别之间进行分配的过 程。 影開期. 这个市场变幻莫测,没有永远赚钱的资产和 永远有效的投资策略,唯有配置才能穿越周期。 在投资中,我们需要关注一个更重要的问题,也 就是:你的资产配置情况是否合理,是否符合你 的目标和风险承受能力? 这个市场变幻真测 唯有配置 月7K17UNES H 投资策略 才能穿越周期 当然,这两类问题都非常重要,直接关系到 我们投资的最终结果。但是,正如"全球资产配 置之父"加里·布林森所说,"做投资决策,最重 要的是要着眼于市场,确定好投资类别。从长远 看,大约90%的投资收 ...
新《反洗钱法》—携手共筑安全防线 合力打击洗钱犯罪
免责声明 投资有风险,入市需谨慎!本栏目内容不构成对投资者的任何投资建议。最终解释权归申万宏源证券有限 公司所有。 ...
申万宏源银河通用投资项目突破融资新纪录
Group 1 - The core viewpoint of the article highlights the successful financing of Beijing Galaxy General Robot Co., Ltd., which raised 1.1 billion RMB, setting records in the field of embodied large model robots [1] - The financing round was led by CATL and Puxuan Capital, attracting major domestic state-owned investment platforms, strategic and industrial investors, and internationally renowned investment institutions [1] - Since its establishment in May 2023, Galaxy General has accumulated over 2.4 billion RMB in financing, receiving high recognition from market-oriented investment institutions, industrial capital, research institution funds, and state-owned investment platforms [1] Group 2 - Galaxy General focuses on the research and innovation of embodied multimodal large model general robots [1] - The company launched the world's first humanoid robot smart pharmacy solution in March 2024, achieving full automation of drug inventory, replenishment, delivery, and packaging processes, with 100 store orders already received [1] - In the industrial sector, Galaxy General has collaborated with internationally renowned automotive companies to execute tasks such as sunroof glass handling and real-time anomaly processing, all based on visual guidance without relying on QR codes [1][2]