1. Before Haitong Securities applied for margin trading, the investor had opened an ordinary securities account with Haitong Securities for 18 months, and the transaction had been completed for 6 months.
2. The total assets of ordinary accounts opened by individual investors in Haitong Securities should reach 500,000 yuan (RMB), and the total assets of ordinary accounts opened by institutional investors in Haitong Securities should reach 6,543,800 yuan (RMB).
3. Other conditions stipulated by the securities regulatory agency and Haitong Securities.
Two. Materials required for investors to apply for opening Haitong Securities margin financing and securities lending business.
Investors should provide the following application materials before applying for margin trading:
1. Application materials to be submitted by individual investors: personal identification materials (ID card or household registration book, etc.). ), ordinary securities account card and relevant credit information (please consult the sales department);
2. Application materials to be submitted by institutional investors: legal person business license or registration certificate, organization code certificate, tax registration certificate, legal representative certificate and valid copy of the original ID card, power of attorney signed by the legal representative, agent (licensee) ID card, ordinary securities account card, residence certificate and relevant credit information (please consult Haitong Securities Business Department).
Three. Haitong Securities Margin Trading Operation Process
Haitong Securities Process Description:
1. Investor application: Investors should apply to the business department of Haitong Securities where they are located to start margin trading and submit relevant identification materials and credit information (please consult the business department for details);
2. Qualification examination and credit investigation: Haitong Securities examines the investor's qualification for opening an account, conducts credit investigation on qualified investors according to regulations, and evaluates the credit status of customers;
3. Contract signing and risk disclosure: For investors who have passed the credit investigation, sign a margin trading contract and a margin trading risk disclosure book in Haitong Securities Business Department; The contract clearly defines the rights and obligations of investors and securities companies in detail.
4. Account opening: After the audit of Haitong Securities, the business department of Haitong Securities handles the credit account opening business for investors, and the investors go to commercial banks to handle the third-party depository signing.
5. Collateral transfer: investors can transfer collateral to credit accounts at the counter of the business department or other trading channels, that is, investors transfer guarantee funds to credit fund accounts through banks, and transfer securities that can cover margin from ordinary securities accounts to credit securities accounts;
6. Credit granting: Haitong Securities evaluates and determines the amount of margin financing and securities lending that can be provided to investors according to the overall secured assets of investors' credit accounts;
7. Margin trading: After the collateral is transferred, investors can conduct margin trading, including margin buying and margin selling;
8. Repayment of funds and securities: In financing transactions, when an investor sells, the funds obtained are first returned to the securities company owed by the investor, and the balance is left in the investor's credit account; In securities lending transactions, investors buy securities and return them to securities companies to pay for securities lending. In addition, investors can also directly use existing funds and securities to repay the debt of margin financing and securities lending to securities companies in accordance with the contract.
9. Ending margin trading: When the investor has fully repaid the margin debt of the securities company, the investor can transfer the remaining assets in his credit account to his general account.