One person can open 3 valid securities accounts.

More than 3 securities accounts cannot trade stocks on the Shanghai Stock Exchange. In addition, they can open on-site fund accounts at the same time. Investors can open GEM, Science and Technology Innovation Board, etc. after meeting certain requirements.

A securities account refers to an account book set up by a securities registration and clearing institution for investors to accurately record the types, names, quantities of securities held by investors and the corresponding rights and changes. It is an important certificate for identifying the identity of shareholders and has the ability to prove the identity of shareholders.

It has legal effect and is also a prerequisite for investors to conduct securities transactions.