The Processes and Materials for Opening a Securities Account in China

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The Processes and Materials for Opening a Securities Account in China
The categories of securities account
In China, securities account is divided into two types: Shanghai securities account and Shenzhen securities account. The former is used to record the securities listed and traded in Shanghai and the latter is used to record the securities listed and traded in Shenzhen.
 
According to different functions, these two accounts can be divided into A stocks account (RMB common stock account), B stocks account (RMB special stock account), securities investment funds account and other accounts.
 
Application sphere of securities accounts
A stocks account can only be opened by domestic investors. B stocks account can be opened by domestic investors and oversea investors. A natural person and a legal person can open different types and functions securities accounts, but they can only open one account of a type or a function.
 
The Processes and Materials for Opening a Securities Account
A natural person or an institution opens securities account in opening agencies.
 
The securities account opening for a natural person
When a natural person applies to open a securities account, he should go to an agency, and fill in “The Application Form of Securities Account Registration for a Natural Person”, and submit the effective and legal identification documents and copies. If he entrusts others, he should also provide the entrusted documents notarized by some organs and the effective identification documents and copies of the agents.
 
The securities account opening for a legal person
When a legal person applies to open a securities account, he should go to an agency, and fill in “The Application Form of Securities Account Registration for a legal Person”, and submit the effective and legal identification documents and copies. The oversea legal person should also provide the letter of authority of the board of directors and principal shareholders, and the effective and legal identification documents and copies of the authorized person.

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