stock trade in U.S.

stock trade in U.S. , buy Nasdaq ! There are two ways to open an account for US stocks:

First, open an account through a branch of a domestic brokerage in Hong Kong

The second is to open an account directly at a foreign brokerage through the Internet

Step 1: Choose a brokerage

**Method 1: **Open an account through an online US stock brokerage

Most Chinese people may not have the opportunity to travel or settle in the United States, so it is a very feasible solution to buy and sell U.S. stocks through online U.S. stock brokers that support online account opening. Traditional brokers are much lower, and the account opening procedures are very simple. Just fill out the relevant forms online and send them to their US headquarters. Some brokers even support paperless account opening.

Just like buying and selling domestic A shares, there are many brokers to choose from. The US stock brokerages commonly used by Chinese people include Firstrade, E-trade, Scottrade, SogoTrade, Interactive Brokers, etc.

**Method 2: **U.S. stock trading through Hong Kong financial institutions

Basically, the "Hong Kong subsidiaries" of major domestic brokerage firms have this business. The so-called "re-entrustment", as the name implies, means that you place an order with this Hong Kong brokerage firm (or the Hong Kong subsidiary of a mainland brokerage firm), and the brokerage firm then transfers it to The United States has signed another brokerage with it. For example, CMB International, Bank of China, HSBC, etc., all provide the function of US stock trading.

Step 2: Express information to selected brokers

Because the express information needs the signature of the account holder, the documents required for account opening include:

1. Account opening application form;

2. W8ben tax exemption form (tax exemption form filled out by non-U.S. residents, U.S. stock income can be tax-free in the U.S.);

3. Identity certificate: a copy of the valid personal ID or passport;

4. Address proof document: one of the documents containing the applicant’s name and address within the last three months, such as credit card monthly statement, mobile phone/phone statement, water bill or electricity bill or property management bill, etc.;

After completing the above form and preparing the relevant information, you need to fax or scan it to the account opening number or mailbox designated by the brokerage firm. After the verification is passed, the original copy is mailed to Hong Kong or the United States (posted according to the designated address of the different brokerage firm), and the brokerage review is correct After that, the account holder will be contacted to open a U.S. stock securities account.

**Step 3: **Fill the US stock account

Many domestic commercial banks support cross-border remittances directly through online banking.

If you have a bank account overseas, you can transfer from this bank account to a securities account. If you do not have an overseas bank account, you need to contact the brokerage firm to resolve the transfer issue.

Residents need to convert their renminbi into U.S. dollars. After converting renminbi cash into foreign exchange, they can transfer foreign exchange to overseas bank accounts. Most online banking systems provide overseas remittance functions, and each order is generally charged below 100 yuan. It usually arrives in a few hours.

It should be noted that the current amount of remittances from Chinese citizens to the United States is only $50,000 a year. According to mainland policies, private overseas investment is now restricted. Domestic individuals can only make overseas fixed income, equity and other financial investments through qualified domestic institutional investors such as banks, funds, and trusts. The official has made it clear that relevant management regulations will be improved in the future to allow individual investors to conduct overseas investment. At present, RMB is only open for free convertibility under trade.

If the investment amount is huge, you can find any bank in Hong Kong when you go to Hong Kong to open a bank account with the same name as a mainland bank and open an online bank. Then transfer the remittance from a Hong Kong account. There are no restrictions on this route. The only way is to go to Hong Kong.

There is also a way to open a Hong Kong account without going to Hong Kong. The two-place card Hong Kong account of China Merchants Bank gold card customers, the ICBC (Asia) "Wealth Management Account" of ICBC and the CCB Land-Hong Kong Long Card are all the same.

Step 4: Buy and sell US stocks

There are a few things to note about U.S. stock overseas trading accounts:

Opening time: In the United States, Wall Street opens at 9:30 pm in Beijing during summer time and continues until 4 am; non-summer time is 10:30 pm and until 5 am.

Handling fee: US stock trading commissions are different from those in China, and are set by various brokers. Some brokerages charge a single fee, such as a lump sum of US$7; some charge per share, a share of US$0.005. Financial institutions in Hong Kong charge higher fees, and some can only entrust them by phone.

Taxation: Chinese people do not have to pay capital gains tax when speculating in US stocks. When opening an account, be sure to fill out the W-8Ben form, stating your "foreign" status, so that you don't have to pay taxes to Uncle Sam.

Minimum capital requirement: Brokerage firms have different minimum capital requirements for account opening. From US$500 to US$10,000, please refer to the introduction of each brokerage firm. For example, Scottrade Securities requires a minimum deposit of $500 for a cash account and $2,000 for a margin trading account.

No trading unit restriction: The most interesting thing about speculating in US stocks is that there is no restriction on trading units, with 1 share as the unit. In other words, you don’t have to use 100 shares as the unit for A-shares. Even if you don’t have a lot of money, you can buy shares of major international companies such as Apple and Coca-Cola.

T+0: U.S. stocks are traded on T+0. You can buy in one second and sell in another second. You don't have to wait until the next day like A shares.

**Step 5: **Pay back

The remittance process is exactly the reverse of the remittance. Fill out an application form with the broker, and the account will be received in two working days. Note that the U.S. stocks are settled by T+3, which means that if the stock is sold today, the money will not be returned until 3 working days at the earliest.

In addition, there is no limit on the amount of money that can be withdrawn back to China, but if you want to spend money in China, you have to turn this into RMB, and there is a limit that you cannot exchange more than the equivalent of US$50,000 in RMB throughout the year.

Of course: Speaking of this, Mo Xiaoxi also has new "US stocks" who want to get on the train.

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最后编辑时间为: 2020/07/23 09:26