Step 1: Choose an online broker to open an account.
To invest in U.S. stocks, you must first choose the American securities firm that suits you. For China residents, they can choose online brokers, also known as discount brokers. Because this kind of American securities companies use computer technology to place orders through the network, they save a lot of labor costs and can provide cheaper discounts than traditional securities brokerage companies. Therefore, the name does not mean that the quality is inferior.
Step 2: exchange foreign exchange and remit it to the trading account.
With a trading account, you begin to prepare foreign exchange funds. At present, Chinese mainland residents have allowed individuals to exchange foreign exchange. They can go to the bank with their ID cards, and each person can exchange up to $50,000 a year. Note that when exchanging and remitting foreign exchange, the purpose cannot be written as stock investment, because at present, RMB is only freely convertible under trade, but not under capital. You can use your imagination to fill in travel, study abroad or pay service fees, consulting fees, trade fees, etc. Most bank employees don't ask questions. If you are unlucky enough not to transfer foreign exchange into your securities account, try another bank or business hall.