Do you want to buy and sell stocks? As long as you have an ID card, it's easy to handle. Of course, there is also protection for buying and selling stocks.

Kim.

1. handle securities account cards in Shenzhen and Shanghai. Individuals can apply for Shenzhen and Shanghai securities account cards at local securities registration institutions with their ID cards (investors in Shanghai can apply for Shenzhen account cards directly at securities companies that buy and sell deep stocks). The legal person holds a business license, a legal person power of attorney and an agent's ID card. Support Yi Ming, just click ↓

2. Before opening a capital account (margin account), deposit your capital in the selected securities company, and the securities company will open a capital account for you.

I suggest you subscribe to china securities journal or Securities Times. Know yourself and know yourself, and you will win every battle.

Second, sell stocks.

Unlike going to the mall to buy things, you can't directly enter the market to bargain, and you need to specify a commission.

Entrust others-securities companies buy and sell as agents.

1. Find a securities company closest to your residence that you trust, walk in and do whatever you want.

Please fill out one or two simple forms. If you want to save trouble, you can use the keyboard and touch.

Screen and other things, you can also sit at home or in the office, easily use the telephone committee or remote videophone committee.

Tuo

2. The Shenzhen Stock Exchange adopts the mode of "custody broker". Shareholders buy shares from securities companies, but the shares are not transferred to custody.

Previously, it could only be sold in the same securities company. If you want to sell the shares of other securities companies, you should first handle the "transfer"

Tube "procedures. The "designated trading point system" of the Shanghai Stock Exchange is similar to the above method, except that there is no need to handle the transfer.

Go through the formalities

Third, transfer custody.

At present, investors can transfer directly from the transfer-out securities company with their ID cards and securities account cards, and then they can make phone calls.

Transfer the printed transfer custody certificate to the transfer broker for transfer registration; As long as you handle the shares of the Shanghai Stock Exchange,

Cancel the designated transaction and go through the designated transaction procedures.

4. Dividends and rights issue subscription

1. will automatically obtain bonus shares and allotment warrants.

2. Dividends shall be automatically transferred to shareholders' capital accounts by securities companies. The dividend payment date is the first date after the registration date.

3 working days.

3. Shareholders of securities companies pay for subscription rights issue. Payment period, start date of rights issue, etc.

The prospectus published by the listed company shall prevail.

Verb (abbreviation of verb) equity inquiry

With my ID card and Shenzhen-Shanghai securities account card, I can go to the securities company or the securities registration institution to inquire about me.

Capital, shares and their changes. Just like buying and selling stocks, if you want to save trouble, you can also use small

Keyboard, touch screen and telephone inquiry.

VI. Loss reporting of securities accounts

1. Shareholders who have lost their account cards apply to the local securities registration authority for a replacement with their ID cards (Shanghai and Shenzhen).

The account card shall be reported and reissued to the custody securities company).

2. ID card and household registration card are lost at the same time. Shareholders report the loss with the ID card produced by the police station (indicating the identity of shareholders).

Card number, reasons for loss reporting, photos of shareholders affixed with the official seal of the police station), household registration book and its copy, to

The local securities registration institution shall replace the new account card. (The Shenzhen account card in Shanghai area is used to host the brokerage firm.

Handle)

3. In order to ensure the safety of the shares and funds held by you, if you entrust others to report the loss or change the card, you need a notary committee.

Tuo

VII. Fairness and justice of trading rules

No matter where you are, whether you are a big family or a small family, your entrustment instructions will be received at the first time.

Enter the computer matching system of the stock exchange for transaction matching. The only principle of the stock exchange is: price first,

Time takes precedence.

Some people say that stock speculation depends on real performance or value. I mean, that's what nerds say. This kind of person is not as good as stock trading in business.

I 1995 speculated on A2 warrants in Shenzhen. Do you think I don't understand that A2 warrant is a fucking piece of paper according to strict static value? But once it becomes a kind of securities that can be traded on the exchange, its hype value will soar, just like a gutter during the day, and once it becomes a treasure written by poets at night, it will be the spiritual sustenance of lovers, what art, beauty and so on.

Think of that year's A2 warrant market, and A Xiang Zhong Yi A2 warrant, which is higher than stocks! I'm just attracted to it. You won't understand why you haven't been fired. Only when you feel the struggle of a strong buying and selling order will you feel it. At the end of 1995, I bought the A2 warrant in Zhong Yi, Hunan Province for 0.45 yuan. In less than a week, I earned more than twice as much as 1. 1 yuan. I can't tell you how I feel. In short, from there, I deeply felt the charm and essence of the stock and fell in love with the Shenzhen stock market. Previously, it has been doing the Shanghai stock market.

It's not that I don't care about the value factor, but that I prefer to consider her in the securities market. Ask artists if there is anything too solid to attract them. What do they think of a rotten stone and an ordinary tree?

If you ask me, people who can't speculate in technology stocks don't know how to speculate in tickets at all. I don't care if someone makes irresponsible remarks about the market of technology stocks now. Let them "criticize" I made a lot of money! Will the future fall back to its original shape? Great! Sell it to the sleeper first, and then fry it!

Do you think Sinopec and Yangzi Petrochemical will never return to 3 yuan? Baosteel will never return to 4 yuan? In 2000, Masteel was fired from 6 yuan for a long time. I told a man who wanted to invest in Masteel for a long time that he would return to 3 yuan in the future. He doesn't believe it at all.

1ziguang in 9 yuan is definitely more valuable than Baosteel in 7 yuan. Don't speculate in stocks if you don't understand this.

Don't you understand the loss-making stocks of Dobo these days?

Without an artistic understanding of stocks, you can only learn from Buffett-of course, no one in the world has learned it. Ha ha!

If you want to invest in stocks, the steps are as follows

1. Bring your ID card to a securities company to open an account, so that you can have a window for buying and selling orders.

2. The securities company requires you to open an account in a designated bank for the convenience of withholding (selling shares) and collecting shares.

3. The first step is to find a more serious sales person who takes orders. If you don't like it, ask for a replacement on the spot This person must provide you with all market information in the future. If you find a lazy person at first, it will be endless pain.

You have to have a small sum of money, at least enough to buy your first stock.

5. Start buying and selling when the market comes. Generally speaking, look at the volume first. When the index plummets and the trading volume falls below half of the average level, the buying risk is very low, which is called "narrow escape". At this time, the risk of losing money by buying stocks is only 10%. On the other hand, when the index rises and the trading volume is less than half of the average level, the risk of buying is great, which is called a narrow escape. At this time, the risk of losing money by buying stocks is as high as 90%. It's usually like this. You can consult the sales staff for details.

6. Don't be greedy. You can take profit, but you must set a stop loss. Even if you lose 20% (or 25%, set your own standards), you should reduce your position. In the past 20 years, I have seen many people lose a lot of money in the market because they have no stop loss. As long as there is the concept of stop loss, you can always make a comeback. If you don't have the concept of stop loss, or set a stop loss point but don't implement it seriously, you may be knocked out of the stock market for 20 years at a time and never turn over. Remember this sentence first, and then say whether I am alarmist or not 20 years later!

7. When you earn money, you must do some good things and then forget these things! Make some contributions to many poor compatriots in the motherland and accumulate some virtues.

I suggest you read "Stock Futures 24 Books" first.

/gp/

After mastering stock securities, stock data, stock knowledge, stock analysis and stock introduction knowledge, let's study it again.

The procedure of opening an account is: firstly, use your ID card to apply for the shareholder account card of the Shanghai and Shenzhen Stock Exchanges in the local securities registration company (some brokers also act as agents), choose the securities business department to open an account, sign a contract, get the fund account card, and deposit a certain amount of cash (check).

The procedures for buying and selling stocks are as follows:

When buying and selling stocks, the name (or code), quantity and price of the stocks to be bought and sold should be clearly stated. And this entrustment is only valid on the day when the entrustment is issued. The contents of the power of attorney include the abbreviation (code) of the stock you want to buy and sell, the quantity and price of the stock you want to buy and sell. The abbreviation of stock is usually four or three Chinese characters, and the code of stock is six digits. The code and abbreviation of a stock must be consistent when it is entrusted for sale. At the same time, there are certain regulations on the number of stocks to be bought and sold: that is, the number of stocks entrusted to the buyer must be an integer multiple of 100, but the number of stocks entrusted to be sold must not be an integer multiple of 100.

There are four ways of entrustment: counter delivery, telephone automatic entrustment, computer automatic entrustment and remote terminal entrustment.

Stock trading is to predict the price trend of stocks, sell high and buy low. Earn the difference! How to predict the market behavior analysis involving a large number of majors.

The real meaning of stock is that the company raises funds for the enterprise by issuing shares in the open market, that is to say, if you buy his stock, you will invest in the company. By the end of the year, when the company is profitable, it will give you a certain investment income according to the proportion of the shares you buy in the total share capital.

Copying stocks means that the real idea of buying stocks is not to get the company's dividend at the end of the year, but to wait for the company's sales or other performance to go up, and the stock price will go up, because high performance means that the dividend at the end of the year may be high, so investors will go up. At this time, you sell the stock to win the price difference in the middle. This is copying stocks in the general sense, you know.

First, the stock price is low, and stocks are bought and sold manually. Although some places have a minimum account opening amount, the rule is that everyone can find ways to master it flexibly. The specific minimum cost is the price of the lowest stock among all the stocks at that time multiplied by 100. You understand that funds are not considered as fund transactions, at least 10 lots.

stock

stock

Stock issued by a joint-stock company to shareholders. It is a certificate that shareholders have the ownership of equity, and it is also a kind of securities that shareholders can get dividends and bonuses regularly. Stocks can be bought, sold, transferred and used as collateral to apply for loans from banks according to law, but stock holders generally cannot withdraw their shares.

The main types are: ① registered shares and bearer shares. This mainly depends on whether the name of the shareholder is recorded in the stock. Registered shares refer to the names of shareholders recorded on the shares. If it is a transfer, the company must go through the transfer procedures. Bearer stock means that the name of the shareholder is not recorded on the stock. If it is a transfer, it will take effect through delivery. ② There are par value stocks and no par value stocks. This is mainly based on whether the stock records the amount per share. A stock with a par value means that the amount of each share is recorded on the stock. No par value stock only records the total capital of the stock and the company, or the proportion of each share to the total capital of the company. ③ Single stock and multiple stocks. This is mainly divided according to the number of shares expressed in the stock. A stock means that each stock represents one share. Plural stock refers to how many stocks each stock represents. (4) Common stock and special stock. This is mainly divided according to the size of the rights represented by stocks. Dividends of common stock increase or decrease with the increase of company profits. Special stocks generally receive fixed dividends in priority according to the prescribed interest rate, but their shareholders have limited voting rights. Special stocks are also called preferred stocks. (5) Voting stocks and non-voting stocks. This mainly depends on whether shareholders have the right to vote. Ordinary shareholders have the right to vote, while those preferred shareholders who enjoy special interests in some aspects often have their voting rights restricted. Shareholders without voting rights cannot participate in the company's decision-making.

Shareholders shall take the income from the joint-stock company on a regular basis as dividends. Dividends are part of the profits of joint-stock companies and part of the value created by workers. In capitalist society, the essence of dividend is a part of surplus value created by hired workers. Stock is only the ownership certificate of the actual capital owned by the joint-stock company, only represents the right to obtain income, and is the withdrawal certificate of future income. It is not real capital itself, but indirectly reflects the movement of real capital, thus showing itself as a kind of virtual capital.

Stock price The stock itself has no value, but it can be sold as a commodity at a certain price. The stock price is also called the stock market, which is not equal to the face value of the stock. The par value of a stock represents the monetary capital invested in the stock, which is fixed; However, the stock price is changeable, and it is often larger or smaller than the face value of the stock. The buying and selling of stocks is actually the right to get dividends, so the stock price is not the monetary expression of the actual capital value it represents, but a capitalized income. Stock prices are generally determined by dividends and interest rates. For example, if there is a stock with a face value of 100 yuan, it can get a dividend of 10 yuan every year, that is, a dividend of 10%, and the interest rate at that time was only 5%, then the price of this stock is 10 yuan ÷ 5% = 200 yuan. The calculation formula is:

It can be seen that the change of stock price is directly proportional to dividend and inversely proportional to interest rate. If a joint-stock company is in good operating condition, dividends increase or expected dividends increase, the share price of this joint-stock company will rise; On the contrary, it will fall.

(1) Opening a stock account

Customers who want to enter the stock market must first open a stock account, which is the passport for investors to enter the market. Only when they own it can they enter the market to buy and sell securities. Stock account is also called shareholder code card in Shenzhen.

1. Documents required for opening a stock account. Stock accounts can be divided into individual accounts and legal person accounts. Individual investors must hold their valid identity documents (usually ID cards) when opening an account. The information required for a legal person to open an account includes: valid legal person certification document (business license) and its copy; The certificate of the legal representative and his/her ID card, the power of attorney of the legal person and the ID card of the trustee. The stock accounts of Shanghai Stock Exchange are centrally managed by the securities registration companies affiliated to the exchange, and the specific account opening procedures are entrusted to relevant institutions. To open a stock account in Shenzhen Stock Exchange, you need to provide a designated bank passbook in addition to your ID card. Opening an account in Shenzhen is accepted by Shenzhen Securities Registration Company. A natural person or legal person may go through the account opening formalities at the securities registration institution where the selected securities operation institution is located.

2. Information needed to open a stock account. When opening a stock account, an individual investor shall provide detailed information about himself and his clients, including name, gender, ID number, home address, occupation, contact telephone number, etc. The legal person investor shall provide the legal person's address, telephone number, name, gender, written power of attorney, bank account and account number, postal code, legal representative and institutional nature of the authorized brokerage firm.

3. Basic conditions for opening a stock account. According to the relevant provisions of the state, the following persons are not allowed to open stock accounts:

(a) the relevant personnel in charge of securities affairs in the securities management institution;

(2) the manager of the stock exchange.

(3) Personnel directly related to stock issuance or trading in securities institutions;

(4) The functionaries of the organs who have direct administrative subordination or management relationship with the issuer.

5. Other insiders related to stock issuance or trading.

After handling the stock and securities account of Shanghai Stock Exchange, you need to handle the designated transaction, so that the account can be designated for trading in the securities company. Such designated transactions can be handled or cancelled at any time. After the stock account of Shenzhen Stock Exchange is opened, the entrusted transactions can only be handled in the designated securities institutions. If investors need to entrust other securities institutions, they must go through the formalities of transferring custody in advance.

With the development of the securities market, the function of stock account is not limited to stocks, but has been extended to funds, stock warrants, paperless national debt and so on.

(2) Opening a capital account

After handling the stock account, you also need to handle the fund account. At present, in the system of Shanghai Stock Exchange, the capital account is opened in a securities institution, which is only valid. Securities institutions shall pay interest according to the bank deposit rate deposited in the investor's capital account. The documents and materials required for opening a capital account are basically the same as those for opening a stock account.

Magnetic card account. At present, the magnetic card account, which integrates the functions of stock account and capital account, is gradually popularized, which makes the liquidation work centralized after the whole capital account is networked.

(3) The client fills in the entrustment form.

Customers can enter the market to buy and sell securities after completing the stock account and capital account. The order form for buying and selling securities filled out by customers is a document to determine the agency relationship between customers and securities companies, which has legal effect. Generally, the entrustment form is in duplicate or triplicate. One copy is submitted to the customer after examination and confirmation by the securities firm, and the other copy is executed by the securities firm accordingly. After the transaction is completed, the customer goes to the securities company for clearing and delivery with the entrustment form. If the transaction result is inconsistent with the entrustment instruction, the customer can make representations to the securities company according to the entrustment instruction to safeguard his legitimate rights and interests.

(4) The securities company accepts the entrustment.

The acceptance of entrustment by a securities company includes three basic links: examination, declaration and entry. At present, in addition to this traditional three-link method, there are two ways: one is to review, declare and enter in one go, and the customer automatically entrusts to enter the computer, and the computer directly enters the local computer host after review and confirmation; Second, after the securities company accepts the entrusted examination, it directly inputs it into the computer.

(5) matchmaking.

The operation of modern securities market is characterized by the automation of transactions and the paperless liquidation and transfer of stocks. The procedure of computer matching centralized transactions is as follows: the securities company's transaction declaration is input by the terminal, and each entrustment consists of the entrustment serial number (that is, the contract serial number when entrusted by the customer), the transaction identification number (represented by 0 and 1 respectively when input) and the securities code (specify 4 or 6 digits when input, and list the securities name in Chinese characters when returning). The computer conducts bidding processing (call auction and continuous bidding) according to the input information, and automatically matches the transaction according to the principle of "price first, time first".

(6) Liquidation and delivery

Liquidation refers to the procedure that after the buyers and sellers of the stock exchange buy and sell securities on the stock exchange, the stock exchange offsets the quantity and amount of securities bought and sold between securities companies, and calculates the difference between securities receivable, securities payable and shares payable. At present, Shenzhen stock market is a mode of "centralized liquidation and decentralized registration", while Shanghai stock market is a mode of "centralized liquidation and centralized registration", so I won't introduce it in detail here.

Delivery refers to the procedures for investors and entrusted securities companies to handle the fund and share clearing business for this transaction. The transactions in Shenzhen and Shanghai are handled in accordance with the principle of centralized clearing and net settlement.

(7) Transfer of ownership

The so-called transfer is to change the original account name of selling securities into the account name of buying securities after liquidation and delivery. For registered securities, only when the transfer is completed can the whole transaction process be completed, indicating that they have complete securities ownership. At present, the stocks listed on the two stock exchanges usually do not need shareholders to handle the transfer procedures in person. A-share transactions are completed according to the above procedures.

{Enter the market.

How much does it cost to buy stocks? How to buy stocks?

Super detailed answer:

When you have completed the securities account card and capital account, you open the door of the securities business department and see the stock quotation flashing on the display screen. Maybe you don't know how to buy and sell stocks yet. Then, let me give you a further introduction. In fact, as a stockholder, you can't buy and sell stocks directly on the stock exchange, but only through the members of the stock exchange, and the so-called members of the stock exchange are the usual securities operating institutions, that is, brokers. You can give orders to brokers to buy and sell stocks. This is called entrustment. Entrustment must be based on transaction password or securities account. What needs to be pointed out here is that the legal entrustment in China's securities trading is the entrustment of price increase and decrease that takes effect on the same day. This means that the entrustment instructions issued by shareholders to securities companies must specify the name (or code), quantity and price of the stocks to be bought and sold. And this entrustment is only valid on the day when the entrustment is issued. The contents of the power of attorney include the abbreviation (code) of the stock you want to buy and sell, the quantity and price of the stock you want to buy and sell. The abbreviation of stock is usually four or three Chinese characters, and the code of stock is six digits in Shanghai and four digits in Shenzhen. The code and abbreviation of the stock must be consistent when the transaction is entrusted. At the same time, there are certain regulations on the number of stocks to be bought and sold: that is, the number of stocks entrusted to the buyer must be an integer multiple of 100, but the number of stocks entrusted to be sold must not be an integer multiple of 100.

There are four ways of entrustment: counter delivery, telephone automatic entrustment, computer automatic entrustment and remote terminal entrustment.

1. Delivery of documents at the counter means that you bring your ID card and account card to the counter of the securities business department where you open a capital account to fill out the Power of Attorney for Buying and Selling Stocks, and then the counter staff will review and implement it.

2. Automatic entrustment by computer means that you personally enter the code, quantity and price of buying and selling stocks on the computer in the lobby of the securities business department, and the computer will execute your entrustment instructions.

3. Telephone automatic entrustment is to call the telephone automatic entrustment system at the counter of the securities business department where you open a capital account by telephone, and enter the code, quantity and price of the stock you want to buy and sell with the numbers and symbol keys on the telephone to complete the entrustment.

4. Remote terminal entrustment means that you send out buying or selling instructions through a remote terminal connected to the computer system of the securities counter or the Internet.

Except for the way that the counter staff confirms your identity, the other three ways are to confirm your identity through your transaction password, so be sure to keep your transaction password safe to avoid leakage and bring you unnecessary losses. After confirming the identity, the commission will be sent to the matching host of the exchange computer transaction. The matching host of the exchange checks the legality of the received entrustment, then determines the transaction price according to the bidding rules, automatically matches the transaction, and immediately sends the result to the securities company to let you know whether your entrustment has been closed. Entrustments that can't be closed are queued according to the principle of "price first, time first", waiting for the entrusted transactions that come in later. The entrustment that cannot be concluded on the same day will automatically become invalid, and the entrustment will be re-entrusted in the above way the next day.

The trading hours of Shanghai and Shenzhen Stock Exchanges are from Monday to Friday, from 9: 30am to11:30am and from1:00pm to 3: 00pm. Except statutory holidays.

I'll tell you about the business from the beginning, gub.

To handle securities account cards and capital account cards, you must go to the brokerage business hall. Generally, the processing time is 9: 30 am-11:30 am and13: 00 pm-15: 00 pm from Monday to Friday. If you only do common stock (A-share trading) in Shanghai and Shenzhen stock markets, the cost should be 100 yuan. Remember, it is best to open online transactions (free of charge), which is more convenient, otherwise it will be more troublesome to make a phone call or go to the business hall to swipe your card.

You should know the business hall of the brokerage firm. Generally, it will be said that XX Securities XX Business Department. Just go in and ask. Try to find a well-known local broker.

Ok, when you have finished the securities account card and capital account card, you will have opened an account. Wait until the next morning, the staff in the business hall will help you with the designated transaction, and then you can buy and sell stocks (you don't have to worry about what the designated transaction is, just pay attention to it, and when you open an account on the same day, you usually buy and sell stocks the next day)

Now let's go through the bank-securities transfer (it's convenient to transfer the money in your bank passbook to the fund account card for stock trading). Go to the designated bank (such as Industrial and Commercial Bank of China) in the business hall where you open an account and use your original passbook (savings card) or a new one to associate with your fund card. This procedure is to transfer money from the bank to securities (note: only during trading hours, not during bank hours). Generally, you can transfer the money to your corresponding bank card, and then transfer it online or in a bank. You can remit the money to your own fund account card for stock trading.

Finally, you open online trading, download a trading software from the designated website, and then install it. With your account password, you can log in and make transactions.

At this point, account opening, bank-securities transfer and online trading software installation have been completed before trading, and stock trading can be started.

Let's talk about the way stocks are traded, that is, how to buy and how to sell.

Let's not talk about call auction here (this is generally just started, and you don't need to participate), but directly talk about daily stock trading.

Usually a stock is bought and sold, and the transaction price is set by the exchange. The so-called matchmaking means that people who want to buy stocks quote a price, such as:

A 600000 (this is the stock code) wants to buy 1000 shares in 5 yuan.

B 600000 4.5 I want to buy 50000 shares.

C 600000 I sold 2000 shares in 5 yuan.

Then, since both buyers and sellers A want to buy in 5 yuan and C want to sell in 5 yuan, it's a deal. C sold 1000 shares to A, each 5 yuan. After the transaction, the current price of the shares became 5 yuan.

This is a simple example of a business transaction.

Lock-in means, for example, that you buy a stock at 5 yuan 1 share, but now, the market price of this stock is only 4 yuan 1 share, so you lose money, which is called lock-in. If 6 yuan shares are sold in the market now, you will earn 1 yuan for every 1 share you sell.

The buying and selling process is actually very simple. It doesn't matter whether it is online transaction, telephone entrustment or business hall handling. There are several elements, stock code, price, quantity and buying and selling direction.

In other words, as long as you explain what stocks and how much, I will buy or sell more. This is called commission. In this way, it is buying and selling stocks.

As for restrictions, that is to say, whether you buy or sell, someone has to sell it to you or someone is willing to buy it. This means that your price should be reasonable. Otherwise, there are so many people in the market, you want to sell at a high price, and others sell lower than you. Of course, you are willing to buy other people's stocks, not yours. By the same token, if you buy a stock, others are willing to buy it at a high price. Your price is very low, of course you can't buy it. In fact, in normal times, we go to the market to buy and sell vegetables and radishes. Hmm. How interesting ......

By the way, the exchange stipulates the minimum unit, which you must abide by. For example, in stock trading, buy at least 100 shares, which must be an integer multiple of 100. The stock price is two decimal places, accurate to the minute. The smallest unit sold is 1 share, and the price is also very pertinent.

As for investment, it's up to you. If you just want to have fun and do something small, just invest 5000 yuan to100000 yuan. Just a little more. Remember: there are risks in entering the market, and investment needs to be cautious!

First, complete the securities account card and fund account.

When you have completed the securities account card and capital account, you open the door of the securities business department and see the stock quotation flashing on the display screen. Maybe you don't know how to buy and sell stocks yet. Then, let me give you a further introduction. In fact, as a stockholder, you can't buy and sell stocks directly on the stock exchange, but only through the members of the stock exchange, and the so-called members of the stock exchange are the usual securities operating institutions, that is, brokers. You can give orders to brokers to buy and sell stocks. This is called entrustment. Entrustment must be based on transaction password or securities account. What needs to be pointed out here is that the legal entrustment in China's securities trading is the entrustment of price increase and decrease that takes effect on the same day. This means that the entrustment instructions issued by shareholders to securities companies must specify the name (or code), quantity and price of the stocks to be bought and sold. And this entrustment is only valid on the day when the entrustment is issued. The contents of the power of attorney include the abbreviation (code) of the stock you want to buy and sell, the quantity and price of the stock you want to buy and sell. The abbreviation of stock is usually four or three Chinese characters, and the code of stock is six digits in Shanghai and four digits in Shenzhen. The code and abbreviation of the stock must be consistent when the transaction is entrusted. At the same time, there are certain regulations on the number of stocks to be bought and sold: that is, the number of stocks entrusted to the buyer must be an integer multiple of 100, but the number of stocks entrusted to be sold must not be an integer multiple of 100.

There are four ways of entrustment: counter delivery, telephone automatic entrustment, computer automatic entrustment and remote terminal entrustment.

1. Delivery of documents at the counter means that you bring your ID card and account card to the counter of the securities business department where you open a capital account to fill out the Power of Attorney for Buying and Selling Stocks, and then the counter staff will review and implement it.

2. Automatic entrustment by computer means that you personally enter the code, quantity and price of buying and selling stocks on the computer in the lobby of the securities business department, and the computer will execute your entrustment instructions.

3. Telephone automatic entrustment is to call the telephone automatic entrustment system at the counter of the securities business department where you open a capital account by telephone, and enter the code, quantity and price of the stock you want to buy and sell with the numbers and symbol keys on the telephone to complete the entrustment.

4. Remote terminal entrustment means that you send out buying or selling instructions through a remote terminal connected to the computer system of the securities counter or the Internet.

Except for the way that the counter staff confirms your identity, the other three ways are to confirm your identity through your transaction password, so be sure to keep your transaction password safe to avoid leakage and bring you unnecessary losses. After confirming the identity, the commission will be sent to the matching host of the exchange computer transaction. The matching host of the exchange checks the legality of the received entrustment, then determines the transaction price according to the bidding rules, automatically matches the transaction, and immediately sends the result to the securities company to let you know whether your entrustment has been closed. Entrustments that can't be closed are queued according to the principle of "price first, time first", waiting for the entrusted transactions that come in later. The entrustment that cannot be concluded on the same day will automatically become invalid, and the entrustment will be re-entrusted in the above way the next day.