Shareholders' Essential Knowledge: Stock Opening Process

(1) handling securities accounts cards in Shenzhen and Shanghai

Shenzhen securities account card

Investors: through the local securities business department or securities registration agency, they need to provide their valid identity cards and copies, entrust others to do so, and provide the ID card and photocopy of the agent.

Legal person: business license (and photocopy), legal person's power of attorney, certificate of legal person's representative and identity card of the operator.

Securities investment funds and insurance companies: opening account cards need to be handled directly on the Shenzhen stock exchange.

Account opening fee: personal 50 yuan / each account; institution 500 yuan / each account.

Shanghai

Investors: you can go to the Shanghai Securities Central Registry Clearing Corp to handle the application for opening securities accounts at all offices at all places, with valid identity documents and photocopies.

Legal person: the original or photocopy of the copy of the business license of the legal person or the original and photocopy of the legal person registration certificate issued by the civil affairs department and other competent departments shall be provided; the power of attorney of the legal representative and the valid identity certificate of the managing person and the photocopy thereof.

Entrusting another agent: the agent's identity certificate and photocopy should be provided, and the power of attorney of the client shall be provided.

Account opening fee: personal paper card 40 yuan, personal magnetic card local 40 yuan / each account, 70 yuan / each account in different place, institution 400 yuan / each account.

(two) opening of securities business department

After handling the securities account cards in Shenzhen and Shanghai, investors need to open accounts in the securities business department before they buy and sell securities in the securities business department.

Securities business department account opening procedure

(1) an original and photocopy of identity card is required for an individual to open an account, and the original and photocopy of the securities account card in Shenzhen and Shanghai.

If an agent is required, he shall also sign the power of attorney with the client at the same time, and provide the original and photocopy of the identity card of the agent.

The opening of a legal entity shall provide a business license and photocopy of the legal person; a certificate of the legal representative; an original and photocopy of the securities account card; the original and photocopy of the legal person's power of attorney and the authorized person's identity card; and the unit shall reserve the seal.

B shares should also be provided with overseas business registration certificates and directors' supporting documents.

(2) fill in the account opening information and sign a contract for the sale and purchase of securities with the securities business department (or the agreement on securities entrustment paction), and sign the "designated paction agreement" on the Shanghai stock market at the same time.

(3) the securities business department sets up capital accounts for investors.

(4) investors who need to have the functions of the securities and credit pfer business of the securities business department should be opened.

Choose paction mode

While opening an account, investors need to choose the means of paction and the way of capital access in the future, and sign corresponding procedures and agreements with the securities business department.

For example: telephone Commission, online trading, mobile phone speculation, bank card pfer.

(three) bank securities accounts.

It is necessary for banks to handle relevant procedures.

The procedures for opening account are as follows:

1. bank outlets to open account procedures: holding my valid identity card, bank savings account passbook (if no, can be opened on the spot) and Shenzhen Shanghai Stock Ownership code card to the bank has opened the "Yin Yin Tong" business outlets to handle account opening procedures.

2. fill in the form: fill in the agreement on securities entrustment deal and the agreement on bank voucher.

3. set the password: after checking the form correctly, enter the paction password on the spot and get the agreement customer Union.

You can query and delegate pactions.

(Note: see the "Yin Tong Tong" chapter later).

(four) general procedure for opening B shares

Step one: with my valid identity document to the Bank of its original foreign exchange deposit, the bank will deposit its foreign currency deposits and foreign currency cash deposits into the B-share margin accounts of the securities dealers in the same city and peers.

Commercial banks in China shall issue receipts for receipts to individuals within the territory and issue statements to securities institutions. The second step is to establish a B share fund account with a securities firm by virtue of their valid identity certificate and my account receipts, and the minimum amount for opening a B share fund account is equivalent to 1000 US dollars.

The third step: with the newly opened B-share fund account, apply to the securities operation institution to open a B share account.

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Shenzhen B shares open accounts

China securities registration Clearing Corp Shenzhen branch is the statutory registration authority of Shenzhen B shares, which is responsible for the opening of B-share investors.

At the same time, it is authorized to open a B share account for some securities business departments, some banks or other agency opening points.

At present, online real-time B shares open accounts allow domestic and foreign agents and overseas general legal persons to open accounts.

Some securities business departments can act as agent securities dealers of Shenzhen B shares and can also handle B shares opening business.

Investors can handle B - share securities accounts with the securities business department and the opening agency entrusted by the Shenzhen stock exchange with the qualification of B shares in the Shenzhen stock exchange.

Account opening:

1. domestic investors need to submit:

(1) foreign currency funds receipts and copies of the amount of HK $7800 (equivalent to US $1000);

(2) identity cards of residents and their photocopies.

Note: domestic individual investors must handle the B shares open by themselves, not by others. Domestic legal persons are not allowed to handle B shares.

Overseas individual investors may entrust another person to do so, and each investor can only open one account.

2. overseas individual investors need to submit:

Overseas identity cards or passports, other valid identity documents and their photocopies.

3. foreign institutional investors shall have their own business registration certificate, letter of attorney, certificate of identity and photocopy, identity document and photocopy of their identity.

Account charge: HK $120 per person; institutional investor HK $580 per household.

B shares open in Shanghai Stock Market

The B stock fund account proves that the Shanghai stock exchange member who has the qualification to operate B shares in the mainland applies for the opening of B share accounts.

When an account is opened, it must submit:

I have valid identity document, bank account receivage of more than US $1000, application form for registration of domestic shares of Shanghai B shares, and other materials deemed necessary by Shanghai stock exchange and registration company.

Account opening fee: a domestic resident's individual stock account should be paid according to the regulations.

The service charge is charged at 19 US dollars per household standard.

B stock account of securities business department

The investor opens a B share margin account under the securities business department of a securities company.

Investors are required to provide the original and photocopies of the following documents and sign the relevant opening documents, leaving the seal or password in reserve.

(1) B Shareholders' account confirmation (i.e. B share code card);

(2) the valid business license of the valid identity document or institution of the individual, and the letter of attorney authorized by the legal representative of the institution and the identity document of the principal agent;

(3) the head of an agent opens an account to the agent.

(4) the Shanghai stock exchange must handle the designated pactions.