In fact, just like buying and selling domestic A shares, there are many brokers to choose from. The US stock brokers commonly used by Chinese people include CBN, Yichuang Securities, Scott Securities and Yingtong Securities. Secondly, they can also buy and sell US stocks through Hong Kong financial institutions. Basically, Hong Kong subsidiaries of major domestic securities firms have this business. The Hong Kong subsidiary was later transferred to another American securities firm that signed cooperation with it, such as CMB International, Bank of China and HSBC. , all provide the US stock trading function.
Many domestic commercial banks support cross-border remittance directly through online banking. If you have a bank account overseas, you can transfer it from that bank account to a securities account. If there is no overseas bank account, you need to contact the brokerage company to solve the transfer problem. Residents need to convert RMB into US dollars, and after converting RMB cash into foreign exchange, they can transfer foreign exchange into overseas bank accounts. Most online banking systems provide overseas remittance function, and the charge per order is generally below 100 yuan.
It usually arrives within a few hours. It should be noted that at present, the remittance from China citizens to the United States is only $50,000 per year. According to the mainland policy, private overseas investment is now restricted, and domestic individuals can only make overseas financial investments such as fixed income and equity through banks, funds, trusts and other qualified domestic institutional investor. The person in charge made it clear that in the future, relevant management regulations will be improved to allow individual investors to make overseas investments. ?