$Mango(300413.SZ)

AH shares are stocks that are listed as A shares on theShanghai Stock Exchange orShenzhen Stock Exchange and as H shares on theHong Kong Stock Exchange.In theory, in a market with complete information and sufficient trading, there should not be significant arbitrage opportunities. However, AH shares may have price differences due to different trading hours and trading systems (such as whether there are price limits), thus creating arbitrage space.But even if the logic is clear, this type of arbitrage requires careful study and the integration of knowledge and action to be realized.

AH shares are stocks that are listed as A shares on theShanghai Stock Exchange orShenzhen Stock Exchange and as H shares on theHong Kong Stock Exchange.In theory, in a market with complete information and sufficient trading, there should not be significant arbitrage opportunities. However, AH shares may have price differences due to different trading hours and trading systems (such as whether there are price limits), thus creating arbitrage space.But even if the logic is clear, this type of arbitrage requires careful study and the integration of knowledge and action to be realized.

AH Arbitrage

The AH share premium index has hit a new low since 2024. This index has almost always been above 125 (125 means that Hong Kong stocks are at a 20% discount compared to A-shares), and it once reached a peak of 189.74 (March 18, 2008—though at that time, there were fewer A+H stocks, leading to high volatility, and the lowest point that year was 105.73 on September 16, 2008). So, are A-shares always more expensive than H-shares? Not necessarily. The index once dropped to as low as 88.72 (July 24, 2014, when the Shanghai Composite was at 2105 points—A-shares were indeed cheap, just before the 2015 bull market)...