Stock Account Opening Process

Stock Account Opening Process
Reprinted from www.301301.com

You need to open an account before stock trading. If you want to open an account, you can go to the counter of the securities company's business department. The clerk at the counter will help you with the relevant matters. Now, some bank counters that have activated the bank certificate can also open accounts on behalf of you. For detailed procedures, refer to the following steps:

Investors who need to enter the market should open a securities account card in advance. The Shenzhen Securities Account Card and the Shanghai Securities account card are opened respectively.

(1) Handling of Shenzhen and Shanghai Securities account cards

Shenzhen Securities Account Card

Investors: You can use the securities business department or the securities registration institution where you are located. You must provide your valid ID card and a copy of your ID card. If you entrust the agent to another person, you must also provide your ID card and a copy of the token.

Legal Person: with a business license (and a copy), a letter of attorney from the legal person, a certificate of the legal representative and a handler ID card.

Securities investment funds and insurance companies: to open a debit card, you must go directly to the Shenzhen Stock Exchange.

Account Opening fee: 50 RMB for an individual/account; 500 RMB for an institution/account.

Shanghai Securities Account Card

Investors: You can go to the Shanghai Securities Central Registration and Settlement Company's account opening agency offices in various regions to apply for the opening of a securities account, with a valid ID card and a copy.

Legal Person: the original or photocopy of the business license of the legal person, or the original and photocopy of the legal person registration certificate issued by the civil administration or other competent authorities; A letter of authorization from the legal representative and a valid proof of identity of the administrator and a copy thereof.

Entrusting another person to act on behalf of you: you must provide proof of identity and a copy of the proxy, and the letter of authorization from the client.

Account Opening fee: 40 RMB for personal card, 40 RMB for personal card, 70 RMB for each account in different regions, and 400 RMB for each institution/account.

(2) opening an account in the securities business department

After an investor handles the account card of Shenzhen and Shanghai Securities, before going to the securities business department to buy and sell securities, he must first open an account in the securities business department. The account is mainly opened at the business counter of the securities business department or designated bank account-opening outlets, then you can buy and sell securities.

Securities Business Department account opening procedure

(1) for an individual account, you must provide the original and photocopy of the ID card, and the original and photocopy of the Account Card of Shenzhen and Shanghai Securities.

If it is an agent, you must sign the letter of authorization with the client at the same time and provide the original and photocopy of the agent's ID card.

Opening an account by a legal person institution: provide the business license and photocopy of the legal person, the certificate of the legal representative, the original and copies of the securities account card, the original and copies of the letter of authorization from the legal person and the ID card of the authorized person, and reserve the Unit for printing. B shares must also provide overseas commercial registration certificates and directors certificates

(2) Fill in the account opening information and sign the "securities trading commission contract" (or "securities entrusted transaction Agreement") with the securities business department, and sign the "designated Transaction Agreement" on Shanghai Stock Exchange.

(3) The securities business department opens Fund accounts for investors

(4) investors who need to activate the bank card transfer function of the securities business department should check the instructions on the use of such business functions of the securities business department.