First, choose a suitable U.S. stock brokerage firm to open an account. To choose a suitable U.S. stock brokerage, you need to consider a few points: the size and strength of the brokerage, tradable varieties, commission fees and preferential activities. If you need Chinese services, then you also need to see whether the brokerage provides Chinese services.

Next, open an account online. Most U.S. stock brokerages provide online account opening services. China enjoys reciprocal conditions for income tax exemptions and exemptions from the U.S. government. Therefore, Chinese people who open an international account for U.S. stocks and speculate in U.S. stocks can enjoy the benefit of exemption from withholding income tax.

There are three steps to open an account: apply online - mail materials - inject funds.

Step one: Apply online.

Step 2: Mail the materials.

In the last step of the online application, you will be notified that you need to print out the materials and mail them (you will also be notified by mail). The materials that need to be mailed include: 1 Electronic transaction contract (Online Service Agreement) template; W-8BEN simple form template; ID card is a scan of your valid passport (the first and last pages, the last two pages), passport The signature on the last page must have your signature to be valid.

Notes on mailing materials:

1. If you choose "Financing" or "Options" when applying online, you also need to fill in and mail the "Financing Application Form" ” and “Options Trading and Contracts.”

2. The necessary documents for the account must be sent to the brokerage within thirty days after opening the account. If the required documents are not received within the time limit, the account will be restricted from suspending all trading activities; however, after receiving your documents, This restriction will be lifted immediately.

Remit funds to the bank clearing bank account of the brokerage’s superior securities delivery company. Most users use bank transfer to inject funds, which is safer and faster.

Extended information:

Due to foreign exchange controls, banks in China do not allow domestic individuals to transfer and remit money to overseas company accounts in principle. When bank staff see "Corporation" Such words are very sensitive, so when filling out the remittance form, the name of the remittance account (Account Name) can be abbreviated to the name of the clearing bank;

There is no need to fill in the names such as "Clearing Corporation" in full, so that both It will not affect the successful arrival of the remittance, and can also improve the success rate of the remittance;

Secondly, please do not fill in the words "investment", "stock trading" and other types of words in the remittance purpose column. Fill in such purposes. Relevant banking institutions will not allow the remittance to go through. You can adopt a flexible approach and consider filling in purposes such as "shopping", "travel", "education" and "training".

Online account opening will be approved within 1 working day; if approved, you can send the materials. The general express mailing time is 5 working days; after the materials are received, they will be approved on the same day. If passed, the application will be sent on the same day. You can trade (of course you must make a successful deposit before you can start buying US stocks).

For remittance, as long as the account opening approval is passed, you can go to the bank counter to remit money immediately. It usually takes 3 to 5 working days to arrive in your account. Therefore, if everything goes well, 18 working days will be enough.

Baidu Encyclopedia-US Stocks