[Longbridge account opening instructions] What is the difference between the stock demand in Singapore and Hong Kong?
At present, users in the mainland of China need to provide "stock proof" requirements when opening Changqiao Securities accounts in different regions. This article will introduce you to the specific stock needs of Changqiao Hong Kong and Changqiao Singapore.
Longbridge Securities Profile (Invitation Code: 5B2QX5)
Longbridge Securities (Longbridge) is a social securities brokerage service provider founded in March 2019 and headquartered in Singapore. The company's core founding team consists of experienced professionals from globally recognized tech giants such as Alibaba and ByteDance, as well as finance professionals from Singapore and Hong Kong.
Longbridge Securities has offices in nine regions around the world, including Singapore, New Zealand, the United States, Hong Kong, China and Mainland China, and is regulated by the Monetary Authority of Singapore (MAS), holds a Capital Markets Services License and has a Financial Advisor Exemption (License No. CMS101211).
Currently, when opening Longbridge securities accounts in different regions (this article takes Hong Kong and Singapore as an example), there is a new demand for “proof of stock” for users in mainland China.
What is a certificate of stock?
When opening an account for Hong Kong and U.S. stocks, new users often need to submit a "stock certificate." Stock users refer to existing customers who have registered on the brokerage platform and used their services.These customers may have already conducted certain investment transactions and have a certain understanding and usage habits of securities firms 'services and products.
Generally speaking, a qualified stock certificate must include the following contents:
- Name: The name or personally identifying information of the holder.
- Opening time: Ensure that the inventory certificate specifies a specific opening date.
- Broker name: Clearly indicate the name of the broker or financial institution to which the account belongs, so as to verify the account ownership and the source of related information.
Specifically, during the account opening process of Hong Kong and U.S. stock securities firms, the following documents can be used as proof of stock:
- Account opening certificate for Hong Kong and U.S. stock securities trader: This is an official document provided by the broker when opening an account, which records in detail the name of the account holder, the account opening time and the name of the broker.This is the most direct and authoritative document to prove the stock.
- Hong Kong and U.S. stock brokerage statement: This is an account statement provided regularly by the brokerage firm, showing the assets and transactions of the account.A statement is an account activity report provided regularly by a financial institution or securities firm to customers, which usually includes account holder information, account balances, transaction records, etc.
- Successful account opening email: During the account opening process, the broker usually sends a confirmation email confirming that the account has been successfully opened.The email will include basic information of the account holder, account opening date and account information.At present, some securities firms do not recognize such documents. Although such emails are not as authoritative as official documents, they can also be used as auxiliary supporting documents in some cases.
* For other information on the stock certificate, please refer to: "What is the stock certificate?How to obtain a certificate of stock?》
Longbridge-Hong Kong Stock Demand
Fill in the invitation code [5B2QX5] before account opening, after successfully opening a HK/US stock account with Longbridge and depositing HK$10,000! Immediately open an account with Longbridge Securities - Hong Kong!
Starting from the end of July, mainland Chinese users who want to open an account with Longbridge in Hong Kong are required to submit proof of deposit. It is sufficient to fulfill any of the following requirements:
- Other Hong Kong and U.S. stock brokerage certificates: daily account statements, monthly statements, account opening certificates (before June 1, 2024);
- Overseas bank card account certificate: account opening notice, monthly bank statement, account opening certificate (before June 1, 2024).
When opening an account, click "Overseas Broker Existing Account" and upload Hong Kong cards or other brokerage statements or account opening certificates in the "Stock Proof" column.
Note: The account opening date must be before June 1, 2024.
Longbridge-Singapore Stock Demand
Fill in the invitation code [5B2QX5] before account opening, and open an account with Longbridge immediately after successfully opening a Hong Kong or US stock account with Longbridge and depositing HK$10,000 in Longbridge Securities - Singapore!
In order to meet the needs of more domestic and overseas users, Longbridge Securities has added a new account opening channel in Singapore Longbridge. Mainland Chinese users who want to open an account with Longbridge Singapore only need to submit proof of overseas bank deposits, with no deposit time requirement.
The filling specifications for <ID card/passport><address certificate> information are as follows:
- Name: capital pinyin (last name, blank name);
- Address proof: If you take your ID card on your mobile phone, you can only have the same residential address and ID card address;
- Residential address: Exactly the same as the ID card address (translated into English by translation software);
- Company name: Tianyan Check the full name of the company and fill in it, with details to the house number (translation software translates it into English);
- Tax ID number: ID number;
- Signature: Chinese block script.
Note: Singapore Longbridge currently only supports opening accounts on the web. After opening, you can log in to Longbridge Securities APP to switch account types.
How to get exclusive Hawk Insight offers?
Register through the designated link and enter the invitation code [5B2QX5] to receive Hawk Insight's exclusive and exclusive new person account opening discount.
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