In stock market investment, we often see stock classifications with letters such as A-shares and B-shares. In fact, in addition to these letters, there are many other types of stocks represented by other letters. Today we will start with what Starting with A shares and B shares, let’s understand what other letter classifications in the stock market mean.
1. What are A-shares and B-shares
The English name of A-shares is Ashare. This letter does not represent any special meaning. It just represents ordinary RMB stocks, quoted in RMB and The types of stocks traded in RMB are named A shares to distinguish them from B shares. B shares represent stocks with RMB characteristics, and the face value of the stock is indicated in RMB. However, during the specific subscription, it needs to be traded in Hong Kong dollars and US dollars. A shares represent stocks issued domestically by domestic companies for purchase by domestic institutions or individuals. It has been nearly 30 years since A-shares were piloted in 1989 until the Shanghai Stock Exchange was established. However, it was only on April 1, 2013 that residents of Hong Kong, Macao and Taiwan were allowed to open A-share accounts. The history of B-shares is actually not short. The first B-shares were created in 1991. This type of stock is called domestically listed foreign-invested shares, which means that listed companies registered in the country issue to overseas investors and are domestic securities. Stocks listed on exchanges. Investors are Hong Kong, Macao and Taiwan, foreigners or mainland residents holding legal foreign exchange. Currently, investors in A-shares pay more attention to the profit distribution rights, and pay less attention to the company's management rights. They pay more attention to the buying and selling price difference of A-shares, and do not pay much attention to other rights.
From the above definition, basically once an investor says he is investing in stocks, he is usually talking about A shares. B shares are not as liquid as A shares, and the number of shares is hundreds of times greater. difference. At present, there are more than 3,700 A-shares, and the total number of B-shares in Shanghai and Shenzhen stock exchanges is less than 100. In addition, with restrictions, very few B-shares are concerned. Most of the financial reports that I often read are about A-shares, and B-shares are rarely mentioned because their trading volume is small and their impact on A-shares is very small.
2. S-shares, n-shares and h-shares
S-shares are rarely mentioned now. They are unique stocks in our country’s market. The main reason is that there has been no equity investment in the A-share market. Stocks subject to split-trading reform have the code S in front of them. The split share-trading reform took place on October 9, 2006. It has been 13 years since then. Many new investors who have entered the market are no longer aware of this event. This has been introduced in the significance of the split share-trading reform. , you can refer to study. At present, there are only one remaining stock, S Giti 600182. Others said they were domestic companies listed in Singapore.
N shares usually means the English word new, which means the first day of listing of new shares. Another meaning is the stocks listed on the New York Stock Exchange, which are the n shares of newyork. Represents domestic companies listed on the New York Stock Exchange.
H shares represent stocks listed on another major stock exchange in my country. They represent mainland companies listed on the Hong Kong Stock Exchange. They are also known as state-owned shares and are used for Hong Kong’s capital stock. The letters are part of the Hong Kong stock market.