通过港股通投资港股的一些技术细节

Group 1 - The main channel for mainland investors to invest in Hong Kong stocks is through the Stock Connect program, which allows for direct purchases of stocks [1] - The limitations of the Stock Connect program mean that while it covers about 90% of major investment needs, it also excludes some quality companies, leading to potential missed opportunities [2] - Non-Stock Connect stocks tend to have lower quality on average, with many financially weak companies falling into this category [2] Group 2 - A risk associated with the Stock Connect program is the potential removal of stocks from the program, which restricts investors from adding to their positions or averaging down [3] - Investors should be aware of the risks of low-price privatization when holding stocks that may be removed from the Stock Connect [3] Group 3 - The timing of dividend payments in Hong Kong can be slow, often taking 1 to 2 months for cash to be credited after the ex-dividend date [4] - A strategy to address this delay involves selling stocks before the ex-dividend date and repurchasing them afterward to capture the price difference as a form of dividend [5] Group 4 - The effectiveness of the strategy to capture dividends through trading depends on factors such as dividend yield, volatility, and trading volume [6] - Currency exchange costs are an implicit cost for investors using the Stock Connect, as each transaction involves converting between RMB and HKD [7] Group 5 - Investors can utilize margin trading to bridge the gap between selling Hong Kong stocks and buying A-shares, allowing for immediate reinvestment [8] - By using A-shares as collateral, investors can buy A-shares immediately after selling Hong Kong stocks, minimizing the risk of price fluctuations [9][10] - This strategy allows for seamless transitions between Hong Kong and A-share investments with minimal costs [11]