{"id":29979,"date":"2023-12-07T08:50:51","date_gmt":"2023-12-07T08:50:51","guid":{"rendered":"https:\/\/masterskills.org\/blog\/co-phieu-trung-quoc-loai-h-china-h-shares-la-gi-phan-biet-co-phieu-a-va-co-phieu-h.html"},"modified":"2023-12-23T06:11:12","modified_gmt":"2023-12-22T23:11:12","slug":"co-phieu-trung-quoc-loai-h-china-h-shares-la-gi-phan-biet-co-phieu-a-va-co-phieu-h","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/co-phieu-trung-quoc-loai-h-china-h-shares-la-gi-phan-biet-co-phieu-a-va-co-phieu-h.html","title":{"rendered":"C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i H (China H-Shares) l\u00e0 g\u00ec? Ph\u00e2n bi\u1ec7t c\u1ed5 phi\u1ebfu A v\u00e0 c\u1ed5 phi\u1ebfu H"},"content":{"rendered":"
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(\u1ea2nh minh h\u1ecda: Barron’s)<\/p>\n<\/figcaption><\/figure>\n

C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i H\u00a0<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i H<\/b> trong ti\u1ebfng Anh l\u00e0 China H-shares<\/b> ho\u1eb7c H-shares.<\/b><\/p>\n

C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i H<\/b> (g\u1ecdi t\u1eaft l\u00e0 c\u1ed5 phi\u1ebfu H<\/b>) l\u00e0 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty Trung Qu\u1ed1c \u0111\u1ea1i l\u1ee5c \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean\u00a0S\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Hong Kong\u00a0ho\u1eb7c c\u00e1c s\u00e0n giao d\u1ecbch qu\u1ed1c t\u1ebf kh\u00e1c.\u00a0<\/p>\n

M\u1eb7c d\u00f9 c\u1ed5 phi\u1ebfu H \u0111\u01b0\u1ee3c qu\u1ea3n l\u00ed b\u1edfi lu\u1eadt ph\u00e1p Trung Qu\u1ed1c, nh\u01b0ng ch\u00fang c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng \u0111\u00f4 la Hong Kong v\u00e0 \u0111\u01b0\u1ee3c giao d\u1ecbch theo c\u00e1ch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1c t\u00e0i s\u1ea3n kh\u00e1c tr\u00ean S\u00e0n giao d\u1ecbch Hong Kong.\u00a0<\/p>\n

C\u1ed5 phi\u1ebfu H c\u00f3 s\u1eb5n cho 230 c\u00f4ng ty Trung Qu\u1ed1c, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp x\u00fac v\u1edbi h\u1ea7u h\u1ebft c\u00e1c l\u0129nh v\u1ef1c kinh t\u1ebf ch\u00ednh, nh\u01b0 t\u00e0i ch\u00ednh, c\u00f4ng nghi\u1ec7p v\u00e0 ph\u01b0\u01a1ng ti\u1ec7n d\u1ecbch v\u1ee5.\u00a0<\/p>\n

Sau n\u0103m 2007, Trung Qu\u1ed1c b\u1eaft \u0111\u1ea7u cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a Trung Qu\u1ed1c \u0111\u1ea1i l\u1ee5c mua c\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i A ho\u1eb7c c\u1ed5 phi\u1ebfu Trung qu\u1ed1c lo\u1ea1i H c\u1ee7a c\u00e1c c\u00f4ng ty \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean S\u00e0n ch\u1ee9ng kho\u00e1n Th\u01b0\u1ee3ng H\u1ea3i.\u00a0<\/p>\n

Tr\u01b0\u1edbc \u0111\u00f3, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Trung Qu\u1ed1c ch\u1ec9 c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu A m\u1eb7c d\u00f9 c\u1ed5 phi\u1ebfu H c\u0169ng \u0111\u01b0\u1ee3c ch\u00e0o b\u00e1n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. B\u1edfi v\u00ec c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i c\u00f3 th\u1ec3 giao d\u1ecbch c\u1ed5 phi\u1ebfu H, n\u00ean lo\u1ea1i c\u1ed5 phi\u1ebfu n\u00e0y c\u00f3 t\u00ednh thanh kho\u1ea3n cao h\u01a1n c\u1ed5 phi\u1ebfu A. Do \u0111\u00f3, c\u1ed5 phi\u1ebfu A th\u01b0\u1eddng giao d\u1ecbch v\u1edbi gi\u00e1 cao h\u01a1n c\u1ed5 phi\u1ebfu H c\u1ee7a c\u00f9ng m\u1ed9t c\u00f4ng ty.\u00a0<\/p>\n

Ph\u00e2n bi\u1ec7t c\u1ed5 phi\u1ebfu A v\u00e0 c\u1ed5 phi\u1ebfu H<\/font><\/h3>\n

C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i A\u00a0\u0111\u01b0\u1ee3c cung c\u1ea5p b\u1edfi c\u00e1c c\u00f4ng ty Trung Qu\u1ed1c giao d\u1ecbch tr\u00ean S\u00e0n giao d\u1ecbch Ch\u1ee9ng kho\u00e1n Th\u00e2m Quy\u1ebfn ho\u1eb7c S\u00e0n giao d\u1ecbch Ch\u1ee9ng kho\u00e1n Th\u01b0\u1ee3ng H\u1ea3i, ho\u1eb7c c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n kh\u00e1c c\u1ee7a Trung Qu\u1ed1c. C\u1ed5 phi\u1ebfu A th\u01b0\u1eddng \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft b\u1eb1ng \u0111\u1ed3ng Nh\u00e2n d\u00e2n t\u1ec7 Trung Qu\u1ed1c\u00a0v\u00e0 \u0111\u01b0\u1ee3c giao d\u1ecbch b\u1edfi c\u00e1c c\u00f4ng d\u00e2n Trung Qu\u1ed1c \u0111\u1ea1i l\u1ee5c. \u0110\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i v\u00e0o c\u00e1c doanh nghi\u1ec7p n\u00e0y \u0111\u01b0\u1ee3c qu\u1ea3n l\u00ed b\u1edfi h\u1ec7 th\u1ed1ng \u0110\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c n\u01b0\u1edbc ngo\u00e0i \u0111\u1ee7 n\u0103ng l\u1ef1c (Qualified Foreign Institutional Investor),\u00a0<\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i, c\u1ed5 phi\u1ebfu H m\u00e0 c\u00e1c c\u00f4ng ty Trung Qu\u1ed1c \u0111\u1ea1i ch\u00fang ch\u00e0o b\u00e1n, \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean S\u00e0n ch\u1ee9ng kho\u00e1n Hong Kong. Ngo\u00e0i ra, c\u1ed5 phi\u1ebfu H \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft b\u1eb1ng \u0111\u1ed3ng \u0111\u00f4 la Hong Kong v\u00e0 \u0111\u01b0\u1ee3c giao d\u1ecbch t\u1ef1 do b\u1edfi t\u1ea5t c\u1ea3 c\u00e1c ki\u1ec3u nh\u00e0 \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

Qui \u0111\u1ecbnh v\u1ec1 c\u1ed5 phi\u1ebfu H<\/font><\/h3>\n

C\u00e1c c\u00f4ng ty ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu H ph\u1ea3i tu\u00e2n th\u1ee7 c\u00e1c qui \u0111\u1ecbnh \u0111\u01b0\u1ee3c m\u00f4 t\u1ea3 trong Qui t\u1eafc ni\u00eam y\u1ebft c\u1ee7a S\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Hong Kong d\u00e0nh cho H\u1ed9i \u0111\u1ed3ng ch\u00ednh v\u00e0 cho Th\u1ecb tr\u01b0\u1eddng doanh nghi\u1ec7p t\u0103ng tr\u01b0\u1edfng (GEM).\u00a0<\/p>\n

C\u00e1c qui t\u1eafc n\u00e0y qui \u0111\u1ecbnh r\u1eb1ng c\u00e1c t\u00e0i kho\u1ea3n h\u00e0ng n\u0103m ph\u1ea3i tu\u00e2n theo ti\u00eau chu\u1ea9n k\u1ebf to\u00e1n c\u1ee7a Hong Kong ho\u1eb7c\u00a0chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n qu\u1ed1c t\u1ebf. C\u00e1c \u0111i\u1ec1u l\u1ec7 c\u1ee7a c\u00f4ng ty ph\u1ea3i bao g\u1ed3m c\u00e1c ph\u1ea7n l\u00e0m r\u00f5 t\u00ednh ch\u1ea5t kh\u00e1c nhau c\u1ee7a c\u1ed5 phi\u1ebfu trong n\u01b0\u1edbc v\u00e0 c\u1ed5 phi\u1ebfu n\u01b0\u1edbc ngo\u00e0i, bao g\u1ed3m c\u1ed5 phi\u1ebfu H.\u00a0<\/p>\n

C\u00e1c m\u1ee5c c\u0169ng ph\u1ea3i n\u00eau c\u00e1c quy\u1ec1n \u0111\u01b0\u1ee3c trao cho m\u1ed7i ng\u01b0\u1eddi mua. C\u00e1c ph\u1ea7n b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i tu\u00e2n theo lu\u1eadt ph\u00e1p c\u1ee7a Hong Kong v\u00e0 \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o t\u00e0i li\u1ec7u hi\u1ebfn ph\u00e1p c\u1ee7a c\u00f4ng ty.<\/p>\n

K\u1ebft n\u1ed1i ch\u1ee9ng kho\u00e1n Th\u01b0\u1ee3ng H\u1ea3i – Hong Kong<\/font><\/h3>\n

V\u00e0o th\u00e1ng 11\/2014, K\u1ebft n\u1ed1i ch\u1ee9ng kho\u00e1n Th\u01b0\u1ee3ng H\u1ea3i – Hong Kong<\/i> \u0111\u00e3 li\u00ean k\u1ebft hai S\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Th\u01b0\u1ee3ng H\u1ea3i v\u00e0 s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Hong Kong v\u1edbi nhau. C\u00e1c qui t\u1eafc gi\u1edbi h\u1ea1n lo\u1ea1i nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu A v\u00e0 c\u1ed5 phi\u1ebfu H \u0111\u00e3 \u0111\u01b0\u1ee3c s\u1eeda \u0111\u1ed5i \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a t\u00e0i s\u1ea3n c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Trung Qu\u1ed1c. B\u00ean c\u1ea1nh \u0111\u00f3, n\u00f3 gi\u00fap t\u0103ng hi\u1ec7u qu\u1ea3 khi giao d\u1ecbch ch\u1ee9ng kho\u00e1n Trung Qu\u1ed1c v\u00e0 \u0111\u01b0a c\u00e1c c\u00f4ng ty Trung Qu\u1ed1c v\u00e0o trong c\u00e1c ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n chu\u1ea9n to\u00e0n c\u1ea7u.\u00a0<\/p>\n

B\u1edfi v\u00ec th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u1edf Trung Qu\u1ed1c \u0111\u00e3 \u0111\u01b0\u1ee3c h\u1ee3p nh\u1ea5t, n\u00ean n\u00f3 tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi, d\u1ef1a tr\u00ean v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng v\u00e0 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu giao d\u1ecbch h\u00e0ng ng\u00e0y.\u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n C\u1ed5 phi\u1ebfu Trung Qu\u1ed1c lo\u1ea1i H (ti\u1ebfng Anh: China H-Shares) l\u00e0 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty Trung Qu\u1ed1c \u0111\u1ea1i l\u1ee5c \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean S\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Hong Kong ho\u1eb7c c\u00e1c s\u00e0n giao d\u1ecbch qu\u1ed1c t\u1ebf kh\u00e1c.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29979"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29979"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29979\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}