Need to open margin financing and securities lending, account opening needs to meet the capital threshold of 500,000 yuan and 6 months of trading experience. After meeting the requirements, prepare relevant materials, such as ID card, personal residence certificate, asset certificate, etc., and finally go to the brokerage counter for processing. Communicate the financing interest rate with the brokerage firm when handling. At present, the financing interest rate of Oriental Wealth is generally 6%~8%. Need to communicate and negotiate with the broker of Oriental Fortune. The greater the general amount of funds, the greater the preferential strength.
The term of margin financing and securities lending agreed by a securities company and its customers shall not exceed the maximum term stipulated by the stock exchange, and shall not be extended; The financing interest rate shall not be lower than the benchmark interest rate for loans of financial institutions in the same period stipulated by the People's Bank of China. There are two fees for margin financing and securities lending: one is interest, with an annual interest rate of 8.35%, divided by 365 a day, and so on. The second is the transaction commission. If the amount of funds is large and transactions are frequent, it can be appropriately reduced.