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19 pages

Financial Knowledge Base

Digital Currency Fundamentals

We use an easy-to-understand analogy to explain the relationship between digital currency “mining” and “accounting,” as well as why Bitcoin and Ethereum have different supply caps.

HKSG Flash Crash Sell-Off Case

[The company recently raised capital in the Hong Kong market](Nine Fang Zhi Tu.pdf), this fundraising is similar to Xiaomi’s operation, and this article breaks down the details. –> Nine Fang Intelligent Investment and Sales Interpretation What are the fees associated with participating in the offering; when can these stocks be sold, what other important information is contained in this document? ✅ Fees Associated with Placement This placement activity is a pre-existing shareholder first, then new placement method, targeting new investors (placements), does not involve retail investor subscriptions, therefore:

Comprehensive Analysis: Capital Gains Tax, CRS, and Inland Resident Hong Kong & US Stocks Investment Tax Guide

For mainland residents investing in Hong Kong and US stocks, understanding relevant tax regulations is crucial. This article will comprehensively analyze what capital gains tax is, why it applies to investments in Hong Kong and US stocks, and explain the workings of CRS (Common Reporting Standard). Furthermore, this article will also provide detailed answers regarding the tax responsibilities and specific tax rates for mainland residents investing in Hong Kong and

SPDR S&P 500 ETF Trust Code Analysis: SST1G182500500.U Why is the underlying stock code SST 1 instead of SST?

This report aims to deeply analyze the U.S. equity options code “SST1G182500500.U,” particularly why its underlying stock code portion is displayed as “SST 1” instead of the original “SST” when sent to Interactive Brokers (IB). By analyzing the standardization structure of option symbols, related company behavior, and broker’s internal processing mechanisms, this report will elucidate the reasons behind this phenomenon and its impact on options traders. U.S. Equity Options Symbol Standardization (OSI) To ensure the efficient operation and transparency of the options market, the U.

Understanding “buy rate” and “sell rate” in exchange rates

In the foreign exchange market, particularly at banks or currency exchange points, we often see terms like “buy rate” and “sell rate.” Many people may not be clear about these concepts, or even confuse them. Today, let’s help everyone understand the meaning of these rates and their functions through a simple example. 1. What are “Buy Rate” and “Sell Rate”? Buy Rate: The bank or currency exchange institution is willing to purchase foreign currencies at this rate, meaning when you sell your foreign currency (such as US dollars) to the bank, the bank will pay you RMB according to the buy rate.

The Renminbi exchange rate has experienced significant fluctuations, breaking above 7.26.

The fluctuations in the Renminbi exchange rate and the decline in the A-share market may be related to the dynamics of global central banks, the unexpected interest rate cut by the Swiss Central Bank, the performance of U.S. economic data, and adjustments in market expectations regarding inflation and interest rate cuts. These factors jointly acted on the foreign exchange market and stock market, leading to fluctuations in the Renminbi and the decline in the A-share market.

Bonded Customs Clearance with Hong Kong Dollar and Renminbi

The Hong Kong Exchange and Clearing (HKEX) announced on December 13th that it will soon launch the “Hong Kong-Renminbi Dual Counter Model” (hereinafter referred to as “Dual Counter Model”) and dual counter broker mechanisms for its securities markets, further supporting RMB-designated listings, trading, and settlement in Hong Kong. Dual-Listing Model and Dual-Listing Broker Mechanism Hong Kong Exchanges and Clearing (HKEX) stated that the registration procedures for these new measures are expected to begin implementation in the first half of 2023, pending regulatory approval and market readiness.