Some friends have inquired about Hong Kong and US stock trading, and sorted out the current best practices.
One way is to trade directly with mainland brokers. There are two specific ways. One is to directly purchase the subject of “Hong Kong Stock Connect”. As of January 14, 2022, there are a total of 530 stocks such as Tencent, Meituan, Xiaomi, etc. Click to view For a specific list , the basic threshold is RMB 500,000 in stock market assets; the second is to purchase related funds, such as China Concept Stock related funds, so I won’t go into details.
Another way is to open a Hong Kong and US stock account directly overseas, and you can freely buy Hong Kong stocks and US stocks. The precondition is to open an overseas account for capital trading.
The two most popular ways to open an overseas account at present are: one is to open the Velo of East West Bank in the United States , and it can be considered that there is no threshold; the other is to open an account in Hong Kong, such as China Merchants Bank and Minsheng, which can be witnessed by the mainland, but it is not transparent and open, and the policy It also changes frequently, and generally requires unit organization or someone to introduce.
The registration process for Velo is very simple, just click the registration link and follow the instructions.
Velo can deposit and withdraw funds for free at popular brokerages (such as Futu), but it takes a certain amount of time, usually 3 working days.
Then, the broker with the best experience at present is Futu Securities, and the registration is also very simple, just click the registration link and follow the process. Generally speaking, the approval time of Futu is earlier than Velo, so after registration, you can wait for Velo to open and then deposit.
The easiest way for Chinese (mainlanders) to trade U.S. stocks and Hong Kong stocks first appeared in Laughing Books .
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