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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
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Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
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The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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[AlienXChain Officially Announced The Destruction Plan Of 250 Million AIX Tokens, Accounting For 25% Of The Total Supply] AlienXChain Officially Announced The Destruction Mechanism Of The Mainnet Token AIX BURN MOON, Which Will Destroy Up To 250 Million AIX Tokens Including All Team Shares In The Next 30 Days, Accounting For 25% Of The Total Supply. BURN MOON Destruction Plan: - 200,000,000 AIX Destroyed From The Team (100% Of The Team Share) - 50,000,000 AIX Destroyed From The Community Ecosystem AIX BURN MOON Mechanism Will Start On October 25, 2024 And Will Run For 30 Days. During This Period, If The AIX Price Increase Or The Number Of AlienXChain Mainnet TX Triggers The BURN Moon Condition, Up To 2% Of The AIX Supply Will Be Destroyed On That Day, And The Cumulative Total Destruction Will Be Up To 25%. In Addition, As An AI Node-driven L2 Network, AlienX Will Also Announce A New AI MEME And NFT Ecological Development Plan In The Near Future
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