How to buy A-Stocks (mainland China) from HK?

mmbiker · 24-04-2025, 03:26 PM

Has anyone try buying Chinese A-Stocks in HK?

I tried to buy using IBKR HK app but it didn't allow me. Looks like I need some sort of permissions....

Anyone?

shri · 24-04-2025, 03:45 PM

IBKR App -> Account Settings -> Trading Permssions -> Stocks Settings -> Enable the exchanges including north south east and west exchanges.

PLamHK · 24-04-2025, 04:16 PM

You may also have some issues around your tax residency. Not sure how that works if you are tax-resident in Mainland China (as you appear to be from previous posts).

mmbiker · 24-04-2025, 06:11 PM

Originally Posted by shri:

IBKR App -> Account Settings -> Trading Permssions -> Stocks Settings -> Enable the exchanges including north south east and west exchanges.

Submitted change request. Waiting for approval.

Thanks!

On another note, I see that in the Trading Permission settings, I can enable cyptocurrencies? That will be very convenient! Anyone tried it? what's the fee like? I do have other crypto wallet but is challenging to put money (p2p) into it....

hongkongmusic · 24-04-2025, 06:32 PM

Don't.

PLamHK · 24-04-2025, 07:04 PM

Originally Posted by mmbiker:

On another note, I see that in the Trading Permission settings, I can enable cyptocurrencies? That will be very convenient! Anyone tried it? what's the fee like? I do have other crypto wallet but is challenging to put money (p2p) into it....

I have that permission. Firstly you need to be regarded by IBKR as a Professional Investor, which means that you must demonstrate to them that you have at least US$1M (or maybe HK$8M) of liquid investable assets (it doesn't have to be with them - some of mine is with HSBC for example). Then you need to go through some online learning/tests to demonstrate that you understand the elements of crypto and the risks involved. This is a bit tedious, but if you tick the "wrong" box then they let you go back and have another go.

After that all I've done is gamble a little on 3042, the ChinaAMC Bitcoin ETF. For that their fees are the same as all other HK stock/ETF purchases. I'm not interested is trading the cryptocyurrency directly.

mmbiker · 25-04-2025, 02:09 PM

Originally Posted by PLamHK:

I have that permission. Firstly you need to be regarded by IBKR as a Professional Investor, which means that you must demonstrate to them that you have at least US$1M (or maybe HK$8M) of liquid investable assets (it doesn't have to be with them - some of mine is with HSBC for example). Then you need to go through some online learning/tests to demonstrate that you understand the elements of crypto and the risks involved. This is a bit tedious, but if you tick the "wrong" box then they let you go back and have another go.

After that all I've done is gamble a little on 3042, the ChinaAMC Bitcoin ETF. For that their fees are the same as all other HK stock/ETF purchases. I'm not interested is trading the cryptocyurrency directly.

That's not very crypto friendly requirements.... Thanks for explaining!

PLamHK · 25-04-2025, 02:23 PM

I think that the HK regulators regard those rules as "investor protection". A lot of people have lost a lot of money on crypto/memecoins/etc. Generally speaking the ones who have made money at their expense are not people in need of investor protection.