个人投资者参与港股通交易需满足资产门槛要求。具体而言，投资者在申请开通权限前20个交易日内， 证券账户及资金账户内的资产（不含融资融券融入的资金和证券）日均余额需不低于人民币50万元。这 一标准是基于港股市场的交易特性和风险水平设置，确保投资者具备一定的资金实力应对潜在市场波 动。 除资产门槛外，个人投资者需具备港股通交易相关基础知识。监管要求投资者通过证券经营机构组织的 港股通业务知识测试，测试结果需符合开通权限的标准，以证明其了解港股通交易的基本规则、流程及 风险点。同时，投资者需不存在严重不良诚信记录，且未被法律、行政法规、部门规章等禁止或限制参 与港股通交易。 个人投资者还需满足账户类型及风险承受能力匹配要求。参与港股通交易的个人投资者需持有沪市或深 市人民币普通股票账户（A股账户），因为港股通交易需通过该类账户完成操作。此外，根据投资者适 当性管理规定，投资者的风险测评结果需与港股通交易的风险等级相匹配，通常需达到稳健型及以上风 险承受能力，方可开通相关权限。 机构投资者参与港股通交易的条件与个人投资者有所区别。机构投资者无资产门槛限制，但需为依法设 立并有效存续的法人、合伙企业等合格机构主体，且不 ...

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]