How to Buy Hong Kong Stocks in Australia
Wondering how to buy Hong Kong stocks in Australia? Hong Kong is one of the leading international financial centres in the world and has a service-oriented economy. Hong Kong has a high degree of economic freedom given that it has no central banking system to adjust official cash rate. The local currency is Hong Kong dollar and is pegged to the US dollar.
Hong Kong Share Market
PhillipCapital as a broker with global reach provides access into Hong Kong share market and gives investors the opportunity to experience the fast-growing economy and to diversify their portfolio through international equities.
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is the sixth largest in the world and its market capitalisation is about US$3.72 trillion. The exchange is dominated by Hong Kong’s financial services and trading and logistics sectors. Some of the most well-known stocks include Tencent Holdings, Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Petro China.
Trading Hours
Hong Kong Stock Exchange’s pre-opening auction session start from 9:00 am to 9:30 am, morning session opens from 9:30 am to 12:00 pm and afternoon session from 1 pm to 4 pm (Australia Time AEST 11:00 am - 2:00 pm, 3:00 pm - 6:00 pm).
Unlike the Shanghai and Shenzhen stock exchanges, Hong Kong stock exchange doesn’t have price movement restriction. But the shares of each company are traded in parcels. The number of shares in each parcel is predetermined by the company. One parcel of Tencent shares contains 100 shares and one parcel of Petro China shares contains 2,000 shares.
How to Buy Hong Kong Stocks in Australia
You can buy and sell Hong Kong stocks online through our international share trading platform.
Find out more on how to buy Hong Kong stocks and shares.
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This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any statute cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.
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