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险资举牌开始倾向于H股(家)
险资举牌开始倾向于H股(家)
行业数据
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所属报告:
香港交易所(0388.HK)-港股公司研究报告:成长性可验证有望迎来重估-250724(25页).pdf
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人群占比(%):在以下品类中,更倾向于选择连锁品牌还是本地小店?
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图19、本轮周期企业倾向于“小幅裁员”,但近几个月单次裁员规模增加
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南向个人:交易成本是南向个人关注的核心,建议关注港股印花税&红利税变化。我们通过测算发现,同样是交易 1 万元股票,A 股个人投资者需要缴纳固定成本为 6 元(不含券商佣金);而港股个人投资者需要缴纳固定成本为 20 元+(不含券商佣金),其中印花税占比固定交易成本为约 90%,当前针对南向投资者港股印花税 0.1%(双边收取),而 A股已经调整为 0.05%(单边收取),我们认为未来港股印花税仍然有下行空间。此外,以高股息为标签的港股目前收取股息红利税,针对港股通个人收取 20-28%红利税。
行业数据
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香港交易所(0388.HK)-港股公司研究报告:成长性可验证有望迎来重估-250724(25页).pdf
2025年,不同ADT区间下港交所业绩表现测算
根据当前港股二次上市门槛,我们测算出有30家潜在回归的中概股,尚未回归的仍有300逾家
21年港股印花税调升对ADT造成一定冲击(调升后ADT持续滑落)
相对PE估值下各家公司情况(数据截止2025/7/23)
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