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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.
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[GAC Group Chairman Feng Xingya: Intelligent Driving Cost Reduction Will Be Faster Than Expected] Feng Xingya, Deputy To The National People's Congress, Party Secretary, Chairman And General Manager Of GAC Group, Said In An Interview At The Guangdong Delegation On March 4 That The Essence Of Equal Rights For Intelligent Driving Is To Promote Intelligent Driving Technology To More Models, From High-end Models To General Models, Which Is Related To The Reduction Of (cost) Of Intelligent Driving Technology. "Future Models Must All Be Intelligent Driving Models, And Equal Rights For Intelligent Driving Are A Very Normal Thing." Feng Xingya Said, But In The Early Stages Of The Current Autonomous Driving, Due To The Relatively High Cost Of Technology, If It Is Applied To Low-priced Models, Consumers May Not Be Able To Accept This Cost, But I Think The Cost Of Intelligent Driving Technology Will Be Reduced Very Quickly, Faster Than Expected, And Soon Equal Rights For Intelligent Driving Will Become Very (popular) Normal
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