Yes, you have to entrust someone else to buy and sell. The specific process is as follows:
1. Open an account
Before buying or selling securities, investors must go to a securities broker After opening an account, you are eligible to entrust a broker to buy and sell securities on your behalf.
When opening an account, you must open a securities account and a capital account at the same time. When investor A buys securities and investor B sells securities, the securities are transferred from investor B's securities account to investor A's account after the transaction, and the corresponding funds are transferred from investor A's capital account to investor B after deducting fees. Investor's capital account.
(1) Securities account
The securities account is established by the securities registration authority for investors and is used to accurately register the types, names, quantities and corresponding changes in equity held by investors. An account book.
my country’s securities accounts are divided into two types: personal accounts and legal person accounts.
★Individual account opening requires valid certificates.
★The documents required for legal person account opening include: valid legal person certification document (business license) and its copy, legal representative certificate and its ID card, legal person power of attorney and agent's ID card.
★General securities accounts can only conduct A-share, fund and securities spot transactions; B-share transactions and bond repurchase transactions require separate account opening and related procedures.
Investors investing in the Shanghai and Shenzhen stock markets need to open securities accounts at the Shanghai Stock Exchange and Shenzhen Stock Exchange respectively.
★Shanghai securities accounts are opened with Shanghai Securities Central Depository and Clearing Corporation or its entrusted securities registration institutions or securities operating institutions;
★Shenzhen accounts are opened with Shenzhen Securities Clearing Corporation or The securities registration company or securities operating institution authorized by it handles the account opening.
Securities accounts are universal across the country, and investors can entrust transactions at any securities business office that has opened securities trading services in Shanghai or Shenzhen.
(2) Capital account
A capital account is a special fund account opened by an investor at a securities firm. It is used to store the funds required by investors to buy securities or to obtain funds from selling securities. funds, recording the currency, balance and changes in securities trading funds. A capital account is similar to a bank's current passbook. Investors can withdraw deposits at any time and can also earn interest on current deposits.
2. Entrustment
Investors must buy and sell securities through members of the stock exchange. When investors entrust a securities broker to buy or sell a certain security, they must sign an entrustment contract and fill in basic information such as age, occupation, ID number, mailing address, and phone number. The power of attorney must also specify which stocks to buy and sell, what price, quantity, time, etc. The final signature and seal will take effect.