港股英语表达

港股英语表达
Hong Kong Stock Exchange: Understanding the Key Terms
As an investor or trader, it is imperative to understand the key terms used in the stock market, especially in the Hong Kong Stock Exchange (HKEX). In this article, we will discuss some important HKEX terminologies that you need to know to make informed investment decisions.
1. H-Shares
H-Shares refers to those companies incorporated in the
People's Republic of China (PRC) authorized to list on the HKEX. H-Shares are denominated in Hong Kong dollars and issued and traded in the Hong Kong market.
2. A-Shares
A-Shares refer to stocks listed on the Shanghai and Shenzhen Stock Exchanges in mainland China. They are denominated in Chinese yuan and are only available for purchase by mainland Chinese investors. However, foreign investors can invest in
A-Shares via the Hong Kong-Shanghai Stock Connect and Hong Kong-Shenzhen Stock Connect programs.
3. Blue Chips
Blue chips are large, well-established companies with a long history of stable earnings and a solid reputation in the market. In Hong Kong, blue-chip stocks refer to constituents of the Hang Seng Index (HSI), which is an index of 50 of the largest and most liquid stocks listed on the HKEX.
4. Penny Stocks
Penny stocks are stocks that trade at a low price, usually less than HKD 1 per share. Penny stocks are considered high-
risk investments because of their low market capitalization and low trading volume.
5. IPO
An initial public offering (IPO) is the first time a company offers its shares for sale to the public. In Hong Kong, IPOs are conducted on the HKEX, either through the Main Board or the Growth Enterprise Market (GEM).
6. Short Selling
Short selling is a trading strategy where an investor borrows shares, sells them, and then buys them back at a lower price, making a profit on the difference. In Hong Kong, investors can engage in short selling, subject to certain regulations and borrowing requirements.
7. Margin Trading
Margin trading allows an investor to borrow money from a broker to purchase securities. In Hong Kong, margin trading
is subject to certain requirements, such as maintaining a minimum margin ratio of 40%.
8. Hang Seng Index
The Hang Seng Index (HSI) is an index of 50 of the largest and most liquid stocks listed on the HKEX. The HSI is used as a benchmark for the Hong Kong stock market and is widely watched by both local and international investors.
In conclusion, understanding the key terms used in the Hong Kong Stock Exchange is crucial to making informed investment decisions. By knowing the meaning of H-Shares, A-Shares, blue chips, penny stocks, IPO, short selling, margin trading, and the Hang Seng Index, investors can more effectively evaluate the risks and rewards of investing in the Hong Kong Stock Exchange.。