為什麼美股打新需要 PI 認證？
美國證券法本身為保護普通投資者，對私募性質的證券發行有明確限制，而券商是在此監管框架下開展相關業務。由於美股 IPO 在香港屬於**「國際配售」性質**，按證監會規定，需具備專業投資者（PI）身份才能參與認購。
主要原因：
非公開發售：美股 IPO 沒有像港股 IPO 一樣的「散戶公開認購」機制。
監管合規：這是香港證監會（SFC）對券商的合規要求，並非券商自行設置的門檻。
身份限制：客戶獲得的份額屬於機構投資者通道，因此認購者須符合 PI 標準。
You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
Trading
Market
uSMARTPORT
English
返回
Hong Kong
Trading
Market
uSMARTPORT
uSmart Securities Limited is a corporation licensed by the Hong Kong Securities and Futures Commission (CE No.: BJA907) and is authorised to carry on Type 1 (Dealing in Securities), Type 2 (Dealing in Futures Contracts), Type 4 (Advising on Securities), Type 5 (Advising on Futures Contracts), Type 6 (Advising on Corporate Finance) and Type 9 (Asset Management) regulated activities.
×
Help Center
Services
About Us
Agreement Statement
CS Hotline: +852 3018 4526
Trading days: 24 hours | Non-trading days: 9:00-18:00
Email: cs@usmart.hk
WhatsApp: +852 5989 2641
uSmart Securities Limited is a corporation licensed by the Hong Kong Securities and Futures Commission (CE No.: BJA907) and is authorised to carry on Type 1 (Dealing in Securities), Type 2 (Dealing in Futures Contracts), Type 4 (Advising on Securities), Type 5 (Advising on Futures Contracts), Type 6 (Advising on Corporate Finance) and Type 9 (Asset Management) regulated activities.
Please login first