Method 1: Bring your ID card to a securities company to open a Shanghai and Shenzhen trading account. Open online trading and you can buy and sell. It is the same as buying and selling stocks. The handling fee is 0.02%, stamp duty is exempted, and t+ is implemented. 0 turnaround transaction. Method 2: Go to the bank counter to buy and sell. Treasury bonds have little risk, and the returns are slightly higher than those of banks. The concept is excerpted online as follows: According to the form of the bond face, treasury bonds can be divided into three major varieties: bearer (physical) treasury bonds, certificate-type treasury bonds and accounting-type treasury bonds. Among them, bearer treasury bonds are rare, while the latter two are the main forms at present.
(1) Bearer (physical) treasury bonds
A bearer treasury bond is a bond that does not record the name of the creditor or the name of the company on its face. It usually appears in the form of a physical bond, also known as Physical or Treasury bills.
The bearer treasury bonds are the treasury bonds with the longest history of issuance in our country. Since the founding of the People's Republic of my country, the treasury bonds issued in the 1950s and since 1981 have mainly been bearer treasury bills.
When issued, it is publicly sold to the public through various bank savings outlets, government bond service departments of financial departments, and business outlets of government bond operating institutions. Investors can also use their securities accounts to entrust securities operating institutions to purchase them on the stock exchange. .
The cash redemption of bearer treasury bonds shall be handled by banks, postal system savings outlets and fiscal treasury bond intermediaries; or redemption shall be carried out on-site at trading venues.
The general characteristics of bearer treasury bills are: they are bearer, cannot be reported as lost, and can be listed and circulated. Since they are anonymous and cannot be reported as lost, their holding security is not as good as certificate-type and account-based treasury bills, but the purchase procedure is simple. Because it can be listed and transferred, it has strong liquidity. The listing transfer price depends on the supply and demand situation in the secondary market. When market factors change, the price will fluctuate greatly. Therefore, there is an opportunity to obtain greater profits, but it is also accompanied by certain risks. Generally speaking, bearer Treasury bills are more suitable for financial institutions and buyers with strong investment awareness.
(2) Certificated treasury bonds
Certified treasury bonds refer to treasury bonds issued by the state by filling out "treasury bill collection certificates" instead of printing physical bonds. my country began to issue certificate-type treasury bonds in 1994. The face form of certificate-type treasury bonds is similar to bank time deposit certificates, and the interest rate is usually higher than the bank deposit interest rate for the same period. It has characteristics similar to but better than savings. It is often called "savings-type treasury bonds" and is a personal investment for the purpose of savings. ideal investment method.
Certificate-style treasury bonds are issued to the public through various bank savings outlets and the treasury bond service department of the financial department, mainly for the common people. Interest accrues from the date of purchase by investors. They can be registered and reported as lost, but they cannot be listed and circulated. .
If investors need to cash out the certificated treasury bonds after purchasing them, they can go to the original purchase outlet to redeem them in advance. When redeeming them in advance, in addition to repaying the principal, interest will be calculated based on the actual number of days of holding and the corresponding interest rate bracket. The handling agency charges a handling fee of two thousandths of the principal amount redeemed. For certificate-type treasury bonds redeemed in advance, the handling outlets can also sell them a second time.
Compared with savings, the main features of certificated treasury bonds are safety, convenience and moderate returns. Specifically: 1. There are many sales outlets for certificate-type treasury bonds, which are convenient to purchase and redeem, and the procedures are simple; 2. The loss can be reported in the name, and the security of holding is better; 3. The interest rate is 1 to 2 higher than the bank deposit interest rate for the same period. percentage points (but lower than bearer and book-keeping treasury bonds), and when redeemed in advance, interest is calculated based on the holding period based on the progressive interest rate; 4. Although certificate-type treasury bonds cannot be traded on the market, they can be redeemed in advance, can be cashed out flexibly, and the location is nearby. If investors encounter special needs, they can redeem cash at the original point of purchase at any time; 5. The interest risk is small. Interest on early redemption is calculated based on the length of the holding period and the corresponding interest rate. The interest rates of each level are higher than or equal to bank deposits in the same period. Interest rate, there is no risk of early withdrawal of fixed savings deposits and only current interest can be calculated; 6. There is no market risk, certificated government bonds cannot be listed, and the price (principal and interest) when redeemed in advance does not change with changes in market interest rates, which can be avoided Market price risk.
(3) Book-entry treasury bonds
Book-entry treasury bonds are also called paperless treasury bonds. It means that the treasury bonds held by investors are registered in securities accounts. A Treasury debt for which only a receipt or statement is obtained to verify ownership.
my country has launched accounting-type treasury bonds since 1994. The bond feature of book-entry treasury bonds is that treasury bonds are paperless. Investors do not receive paper bonds or certificates when purchasing, but a sum is recorded on their bond accounts. Its general characteristics are: 1. Book-entry treasury bonds can be registered and reported as lost, and are issued in the form of certificates without certificates, which can prevent the loss, theft and forgery of securities, and have good security; 2. They can be transferred on the market and have good liquidity; 3. They have a certain maturity period. There are long and short sides, but they are more suitable for the issuance of short-term treasury bonds; 4. Book-entry treasury bonds are issued through the exchange's computer network, which can reduce the cost of issuing securities; 5. After listing, the price will follow the market, and there is the possibility of obtaining greater profits, but at the same time It also comes with certain risks.
It can be seen that accounting-type treasury bonds have the characteristics of low cost, good returns, good safety and strong liquidity.