Although now, stock account opening consultation in Shanghai has become increasingly convenient, there are still some matters investors need to pay attention to when handling the stock account opening.
1. For individual investors
(1) Must go to the business department counter personally to open an account; camera photos will be taken (no door-to-door account opening allowed);
(2) Must hold a valid personal ID card, and it must be a second-generation ID card;
(3) The investor's age must be between 20 and 65 years old. If not within this range, free stock account opening in Shanghai or the Shanghai stock account opening process with appointment assistance requires providing relevant proof;
(4) Must hold a bank debit card for third-party custody arrangements;
(5) If already holding a securities shareholder card, bring the shareholder card during the application process.
2. Institutional legal entity account opening requirements (three certificates and three seals)
(1) Original copy of the business license (must have the current year’s inspection stamp);
(2) Original ID card of the legal representative;
(3) Original organization code certificate;
(4) Company seal, legal representative's seal, and financial seal;
(5) Bank account opening permit, account opening application form, or signature card (for confirming the bank account needed for third-party custody arrangements);
(6) Account opening fee in cash RMB 900;
(7) If the legal representative cannot come, they may appoint an agent to handle the process (the agent needs to hold the original ID card), along with three copies of the legal representative’s identity certificate (with company seal and legal representative's seal);
(8) Three copies of the authorization letter (signed by the legal representative and stamped with the company seal).
3. Business processing time
Account opening time:
Monday to Friday: 9:00 AM to 5:00 PM. Due to the increasing competition in Shanghai stock account opening, many brokers now offer weekend account opening services, so there is no fixed regulation on account opening times. Accounts opened on weekends will be designated on Monday.
Account closing time:
Since revoking the designation and transferring custody can only be done during trading hours, account closing must be between 9:30 AM and 3:00 PM. It cannot be done at other times.
Currently, there is a reservation system for Shanghai stock account opening, so investors can contact their client manager beforehand to make a reservation for smoother account opening.
Free account opening consultation QQ: 85640190 (Please indicate: account opening consultation)
The procedures for Shanghai stock account opening include the following steps:
1. Open a securities account, also known as the shareholder code card. (Issued by China Securities Depository and Clearing Corporation Limited, with a card issuance fee of 90 yuan, usually paid by the securities company.)
2. Open a capital account. (Issued by the securities company. The capital account represents the user in securities transactions, where all stock trades log in using the capital account number.)
3. Handle third-party custody. There will be third-party custody forms at the broker's counter during account opening. For example, if it's CITIC Bank's third-party custody, take the form and the CITIC Bank card to the bank before 4:00 PM to complete the business. After completing the third-party custody, the securities account and the broker account will be linked, allowing for fund transfers.
This is a general account opening process from the shareholder card, capital account to third-party custody. It's worth noting that the Shanghai A-share securities account designates trading procedures handled by the securities company on the next day, including handling fees. Therefore, if customers conduct Shenzhen stock operations on the same day, the transaction handling fee is the standard rate.
To conduct securities transactions, one can use the securities company's trading system, including telephone orders and online trading. After logging into the trading system, funds from the bank account can also be transferred to the securities account.
Free account opening consultation QQ: 85640190 (Please indicate: account opening consultation)