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What does Agricultural Bank of China depository mean in Oriental Fortune?

The Agricultural Bank of China custody in Oriental Fortune means that when investors open a securities account, they must bind a bank card under their own name as a third-party custody in order to open the account normally. Third-party custody means that the securities transaction settlement funds of securities company customers are handed over to banks for custody. The depository bank is responsible for the deposit, withdrawal and fund settlement of customer funds in accordance with the requirements of laws and regulations, and the securities trading operations remain unchanged. The depository bank opens it for each investor, records the details of changes in the customer's transaction calculation funds, and establishes a corresponding relationship with the customer's bank settlement account and the customer's capital account. Due to the privacy protection of bank information, the complete bank card number cannot be viewed, so the depository account number is displayed.

A third-party custodian is a custodian bank that keeps your funds. That is to say, your funds are not managed by the securities company, but are handed over to the bank where the securities company has an account for safekeeping. Submitting it to a third party for custody can well protect the safety of investors' funds. These funds have their own rights and securities companies cannot use your funds casually. In this way, securities companies will not use customer funds privately to make profits, and no disputes will arise. . Third-party depository refers to a securities capital account. After it is opened, the funds for buying stocks must first be transferred from your bank card to your securities account. You can only buy stocks when the securities capital account has money. It cannot be deducted directly from your bank card.

Currently, banks that support Oriental Fortune’s online account opening include: Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, China Merchants Bank, Bank of Shanghai, China CITIC Bank, Industrial Bank, Hua Xia Bank, Everbright Bank, Minsheng Bank, Shanghai Pudong Development Bank, Ping An Bank, Bank of Communications. Shanghai Pudong Development Bank, Ping An Bank, and China Merchants Bank stipulate that after the online third-party depository contract is successfully signed, you need to log in to the relevant bank's online banking to activate the first transfer. You need to initiate the first bank-securities transfer from the bank, either online banking (online banking required) or bank customer service hotline (telephone banking required).

: Oriental Fortune Network is the most visited and influential financial securities portal in China. Oriental Fortune Network is committed to creating a professional, authoritative and user-focused financial media. Since its launch in March 2004, with its authoritative, comprehensive, professional and timely advantages, Oriental Fortune Network has continued to rank first among financial websites in China, and has continuously widened the gap with its competitors and consolidated its advantageous position. Oriental Fortune Network always adheres to the authoritativeness and professionalism of website content and builds China's financial aircraft carrier.