H shares (Chinese: H股; also known as 恒生中國企業指數, Hang Seng China Enterprises Index) refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock exchanges.
Huge price discrepancies between the H shares and the A share counterparts of the same company are not uncommon. A share generally trades at a premium to H shares as the People's Republic of China government restricts mainland Chinese people from investing abroad, and foreigners from investing in the A-share markets in mainland China.
Famous quotes containing the word share:
“It has no share in the leadership of thought: it does not even reflect its current. It does not create beauty: it apes fashion. It does not produce personal skill: our actors and actresses, with the exception of a few persons with natural gifts and graces, mostly miscultivated or half-cultivated, are simply the middle-class section of the residuum.”
—George Bernard Shaw (1856–1950)