Behind the Switch of Hong Kong Stock Codes: What Problems Are On-Chain Stock Transactions Solving?

Question

[Coin World] saw an interesting update - the stock trading test area of a certain platform will switch the test code to the official Hong Kong stocks today, specifically changing the previous placeholder code to 01959.HK (Century United Holdings).

The operation is quite worry-free, as the system will automatically convert your holdings at the closing price when trading pauses at 4 PM. During the three hours in between, the transfer and trading functions will be locked for data merging. This automated processing method is indeed much smoother than the traditional manual operation.

Their approach can be summarized as bringing stock trading onto the blockchain, with the core selling point being the breaking of geographical restrictions and the liquidity reward mechanism. The traditional brokerage account opening process and cross-border fees have indeed dissuaded many people. Now, after compliance certification, they can place orders directly and receive incentives according to the rules—this does present opportunities for liquidity improvement in the Hong Kong stock market, which requires cross-border participation.

However, the on-chain stock trading sector is still in the validation stage, and issues such as regulatory attitudes, asset mapping mechanisms, and depth protection need to be continuously monitored.

FrogInTheWell · Accepted Answer

Speaking of which, jumping straight from testing code to Hong Kong stocks takes quite a bit of nerve.

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Automatically converting holdings? Sounds good, but I&#39;m afraid the actual operation might be another story.

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On-chain stock trading sounds simple, but scaling it up is really difficult.

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Liquidity rewards can fool new suckers for a few months, and then what?

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Breaking regional restrictions has been talked about for over ten years, yet it still remains the same.

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Can this really solve the issue of cross-border transaction fees? It feels like just paper promises.

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The selection of the 01959 target is a bit interesting; I wonder if there will be other operations later.

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Learn from experience; this kind of testing often has the most problems before it goes official.

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On-chain trading sounds fancy, but in the end, it still depends on whether there are real institutions willing to buy in.

consensus_failure · Answer

This automated conversion method is indeed smoother than the traditional manual hassle.

Can on-chain Hong Kong stocks really break the deadlock, or is it just another new trick to Be Played for Suckers...

The incentive mechanism sounds good, but has the liquidity issue really been resolved, or is it just talk?

I&#39;m actually quite on board with this compliance verification + direct ordering logic, as there are too many pitfalls in cross-border transactions.

Wait, the core issue is where does the counterparty come from? Just having incentives is not enough.

DegenDreamer · Answer

The automatic conversion of the closing price is really impressive, much better than the traditional manual operation.

On-chain Hong Kong stocks sound good, but we need to see if there will really be liquidity supporting it in the future.

Breaking regional restrictions is just a gimmick; the key is whether it can really be cheap and easy to use.

Wait a minute, will the incentive mechanism also be the same as playing people for suckers?

Can this track survive until next year? It feels like everyone is burning money to build the ecosystem.