和讯网消息 风险投资与私募股权国际学术论坛8月25日在北大深圳研究生院举行，招银国际副总裁李伟荣在回答和讯网友提问时表示，简明扼要得介绍了香港资本市场的主要特征。越秀金融集团副总经理苏亮瑜则向网友们介绍了越秀金融集团的发展战略。

HeXunWang news risk investment and private equity international academic BBS on August 25, in shenzhen graduate school of Peking University held，ZhaoYin international vice President LiWeiRong in answer to questions HeXunWang friend said，Brief introduction to the main characteristics of the Hong Kong capital market。Yuexiu financial group deputy general manager SuLiangYu is to net friends introduced the yuexiu financial group development strategy。

　　以下是发言实录：

The following is a speech memoir：

　　和讯网友提问：越秀金融集团在今年2月份刚刚成立，未来有哪些拓展计划？香港资本市场与大陆资本市场的对比。企业如果在香港上市的，更喜欢哪些行业？

HeXunWang friend questions：Yuexiu financial group was founded in February this year，What are the future development plan？Hong Kong capital market and the contrast of the mainland capital market。If the enterprise listed in Hong Kong，Prefer which industries？

　　越秀金融集团副总经理苏亮瑜先生：越秀金融集团目前的全资控股子公司有7-8个，拥有证券、期货、基金、产业投资、融资租赁、小额贷款等业态及穗港两地金融平台。目标是打造一站式、一体式金融投资集团。我们力求站在企业的角度上，为企业度身打造一个合适的发展战略。

Yuexiu financial group deputy general manager Mr. SuLiangYu：Yuexiu financial group the subsidiary companies in China have 7-8，Have securities、futures、fund、Industrial investment、Financing lease、Small loans and format and ear Hong Kong financial platform。Goal is to create "one-stop" work style、One-piece financial investment group。We strive to stand in on the point of view of the enterprise，For enterprise degrees body make a suitable development strategy。

　　招银国际副总裁李伟荣先生：对于香港资本市场，我想从2个方面来谈一下，即上市公司结构和投资者结构。

ZhaoYin international vice President Mr. LiWeiRong：For Hong Kong capital market，I want from two aspects to talk about，That is a listed company structure and investors structure。

　　香港上市公司的公司种类很丰富，同时又分的很清楚——蓝筹、新股等。这跟投资者的结构组成有很大关系。成交量大多数集中在蓝筹股，新股的成交量很小，一般的投资者不允许投资，一般都是专家在运作。换手率在每天0.01%-0.05%左右，这跟内地不一样，内地的股市换手率很高，成交量很大。

Hong Kong listed company company species is very rich，At the same time points very clear - blue chip、New shares, etc。This structure with investors have very big concern。Volume most concentrated in the blue chip stock，Shares in the volume is very small，The general investors don't allow investment，General are experts in operation。Turnover rate in every 0.01% - 0.05%，This is not the same with the mainland，The mainland stock market turnover rate is very high，Volume big。

　　香港投资者虽然散户很多，但以机构投资者为主。大多数为对冲基金、股票型基金、家族式基金、保险基金等。这样一来，市场会比较理性，但也会有不理性的时刻，如果已经低于风险控制标注，则基金会进行抛盘，造成某些股票的涨跌会非常剧烈。

Hong Kong investors although retail many，But to institutional investors give priority to。Most for hedge funds、Stock fund、Family fund、Insurance funds。so，The market will more rationally，But also have no rational time，If have less than risk control dimension，The PaoPan foundation，Cause some of the stock go up drop will be very intense。

　　在港上市标准不高，要求连续3年盈利，最近三年盈利总额超过5000万，最近一年盈利超过2000万港币，其他还有一些上市条规条例，香港的上市条例是公布出来的，多以香港的审批与内地不太一样。香港证监会不负责审批，只是监管机构，深港联交所负责审批，对上市的“审批”叫聆讯，不叫审批。只要符合规定，香港欢迎公司上市。近期也成立了推广部，进行大规模宣讲，吸引全国各地的企业去上市。香港规定，企业不能跟审批人员见面，只能通过保荐人与他们联系。

Listing in Hong Kong standard is not high，For three consecutive years of earnings，The past three years the total profit of more than 50 million，A recent years profit more than 20 million Hong Kong dollars，Others are the listing rules regulations，Hong Kong is the listing rules published，In Hong Kong's examination and approval and the mainland are not quite the same。Hong Kong securities regulatory commission is not responsible for examination and approval，Just regulators，Deep port stock exchange is responsible for examination and approval，Of the listed“Examination and approval”Called hearing，Don't call for examination and approval。As long as in accordance with the provisions，Hong Kong listed company welcome。In the near future also established the department，Preach on a large scale，Attract all over the country enterprise go public。Hong Kong provisions，Enterprise can not meet with the examination and approval personnel，Only through the guarantor and contact them。

　　资本市场中的第一大行业为资源类，香港交易所最近收购伦敦金融交易所的举动，它要打造成全球的矿业交易中心，希望吸引矿产、石油、有色金属类企业。第二大行业为消费类，特别是中国大陆的消费类企业，包括连锁、食品、日用品等，与大宗消费相关的。香港交易所近期要向美国学习，要引入高科技、节能减排产业。第三，金融业，大多数以H股，都是大国企，因为民营企业较少。

The capital market the first big industry as resources class，The Hong Kong exchange recent acquisitions London financial exchange act，It will hit to cause the global mining industry trading center，Hope to attract mineral、oil、Nonferrous metals enterprise。The second big industry for consumer，Especially in the mainland of China consumer enterprise，Including chain、food、Commodities, etc，And large consumption related。Hong Kong stock exchange in the near future to study in the United States，To introduce high-tech、Energy-saving emission reduction industry。The third，Financial industry，Most with H share，Are big state-owned enterprises，Because less private enterprises。