Zheshang Securities Co., Ltd. (“Zheshang Securities”, stock code: 601878), originally founded on May 9, 2002 and renamed in August 2006, is an integrated securities firm headquartered in Hangzhou, Zhejiang Securities established upon approval by the China Securities Regulatory Commission (CSRC), currently with a registered capital of RMB3.878 billion. Zheshang Securities got listed on the Shanghai Stock Exchange (SSE) on June 26, 2017. It is the first listed securities company controlled by state-owned assets in Zhejiang Province.
What is Zheshang Securities？
Zheshang Securities Co., Ltd., established on May 9, 2002, and headquartered in Hangzhou, Zhejiang Province, is a comprehensive securities company approved by the China Securities Regulatory Commission (CSRC). As the first state-owned controlling shareholder-listed securities firm in Zhejiang Province, Zheshang Securities shines with its regulation by the CSRC in China, ensuring a trustworthy trading environment, and offers a variety of user-friendly trading platforms and comprehensive educational resources. However, it lacks support for forex and cryptocurrency trading, limiting options for investors interested in these assets.
Pros and Cons of Zheshang Securities？
Zheshang Securities, a reputable securities firm, operates under the oversight of the China Securities Regulatory Commission (CSRC), ensuring compliance with regulatory standards and fostering trust among investors. However, its services are somewhat limited, as it does not facilitate forex or cryptocurrency trading, potentially restricting investment opportunities for clients interested in these markets. Despite this drawback, Zheshang Securities stands out for its diverse array of trading platforms.
Nevertheless, clients should be aware that the company's commission rates are relatively high, which may impact their overall investment returns. On the positive side, Zheshang Securities is committed to investor education, providing comprehensive resources to help clients make informed investment decisions and navigate the complexities of the financial markets. However, the company does not offer promotional incentives, which could be a deterrent for some clients seeking additional benefits or rewards.
Is Zheshang Securities safe？
Regulations
Zheshang Securities is currently licensed and regulated by the China Securities Regulatory Commission (CSRC).
What are securities to trade with Zheshang Securities？
Zheshang Securities provides a comprehensive array of trading instruments, catering to the diverse investment needs of its clients.
Investors can access a broad range of stock options, encompassing Shanghai and Shenzhen A-shares, Shanghai and Shenzhen B-shares, Beijing Exchange stocks, Hong Kong stocks facilitated through the Stock Connect program, shares from listed companies, and stocks from delisted sectors.
Additionally, Zheshang Securities grants access to both Shanghai and Shenzhen bonds, furnishing investors with opportunities for fixed-income investments to enhance portfolio stability and yield potential.
Furthermore, the brokerage facilitates options trading, empowering investors to engage in speculative activities or employ hedging strategies to mitigate market risks.
While Zheshang Securities excels in providing access to stocks, bonds, and options, it does not currently offer trading services for forex and cryptocurrency.
Zheshang Securities Accounts
Zheshang Securities offers a range of account types to accommodate diverse investor needs, each with its corresponding opening fees:
- For A-share accounts, individuals are charged 40 CNY, while institutions or products are charged 400 CNY. It's important to note that applicants for A-share accounts must apply for both Shanghai and Shenzhen A-share accounts simultaneously, with a single opening fee charged. However, investors with a genuine need for single-sided A-share accounts are eligible for a 50% discount on opening fees.
- For Shanghai B-share accounts, individuals are charged 19 USD, while institutions or products are charged 85 USD.
- For Shenzhen B-share accounts, individuals are charged 120 HKD, while institutions are charged 580 HKD.
- Opening a closed-end fund account incurs a fee of 5 CNY per account.
- Lastly, opening a credit account costs individuals 40 CNY, while institutions or products are charged 400 CNY.
Zheshang Securities Fees Review
Zheshang Securities applies a tiered fee structure based on the type of securities and trading activities.
For A-shares, credit accounts, and closed-end funds, the commission is capped at 3‰ of the transaction amount, with a minimum charge of 5 CNY.
B-shares traded in Shanghai incur a commission capped at 3‰ of the transaction amount, with a minimum charge of 1 USD, while B-shares traded in Shenzhen are subject to a commission capped at 3‰ of the transaction amount, with a minimum charge of 5 HKD.
Shanghai bonds and Shenzhen bonds are charged a commission capped at 0.2‰ of the transaction amount, with convertible bonds in Shenzhen capped at 1‰ of the transaction amount.
Trading on the Beijing Exchange, Hong Kong stocks, listed company shares, and delisted stock shares incur a commission capped at 3‰ of the transaction amount.
Options trading involves varying fees, with stock options trading capped at 20 CNY per contract, ETF options trading capped at 16 CNY per contract, and exercise or assignment fees capped at 8 CNY per contract.
Zheshang Securities App Review
Zheshang Securities offers a range of computer and mobile software platforms to accommodate diverse investor needs.
For desktop users, the Zheshang Securities Financial Terminal and Tonghuashun Securities Edition Market Analysis + Order provide comprehensive market data access and advanced analysis tools. Mac users can access the Zheshang Securities Online Trading platform tailored for their systems.
On mobile, the Mobile Account Opening App facilitates on-the-go account management, while the Huidian Option App and Huidian Option Simulation App cater to options traders. The Zheshang Securities Smart Bull app offers smart trading features for informed decision-making.
Research and Education
Zheshang Securities offers a comprehensive educational platform aimed at enhancing investor knowledge and skills.
Their online academy features fundamental courses covering stocks, funds, and bonds, along with knowledge assessments to evaluate investor understanding. Investors can access educational manuals for further learning and business guidelines for new services like Shanghai-Hong Kong Stock Connect and stock options.
The platform also provides educational videos ranging from basic securities investment knowledge to real-time investment query resolution and authoritative information on investor rights protection.
Additionally, risk education materials cover legal regulations, comprehensive case studies, anti-fraud columns, and anti-money laundering columns.
Investors can stay updated with the latest announcements, policy interpretations, industry data analysis, and scientific education to guide investment decisions.
Furthermore, the simulation area allows investors to practice stock, fund, and margin trading, experiencing the fun and risks of securities investment firsthand.
Specialized educational activities, dynamic event updates, and achievements in investor education are also highlighted to foster continuous learning and engagement.
Customer Service
Zheshang Securities provides comprehensive customer service to address the needs of its clients. For general inquiries and assistance, clients can contact the company via telephone at 95345 or send inquiries via email to webmaster@stocke.com.cn. Additionally, the company's fax number is 0571-87901955. For complaints or reports to the disciplinary department, clients can reach out to the Zheshang Securities disciplinary department via telephone at 0571-87903355 or by emailing wsxf@stocke.com.cn. Zheshang Securities also offers live chat and their official WeChat account.
Conclusion
Zheshang Securities stands out for its robust regulatory oversight by the CSRC in China, ensuring a secure and reliable trading environment. Additionally, its provision of multiple user-friendly trading platforms and comprehensive educational resources caters to both novice and experienced investors. However, the absence of support for forex and cryptocurrency trading limits options for investors interested in these markets, potentially hindering their ability to diversify their portfolios. Additionally, clients should be mindful of the relatively high commission rates, which could impact their overall investment returns.
FAQs
Is Zheshang Securities safe to trade？
Zheshang Securities operates under the regulation of the China Securities Regulatory Commission (CSRC), ensuring compliance with industry standards. However, detailed information regarding fund safety and specific safety measures is not readily available.
Is Zheshang Securities suitable for beginners？
Yes, Zheshang Securities provides a range of user-friendly trading platforms and educational resources, making it an ideal choice for beginners seeking to learn and participate in the financial markets.
Is Zheshang Securities a legitimate brokerage？
Zheshang Securities is fully licensed and regulated by the China Securities Regulatory Commission (CSRC).
Risk Warning
The details presented are derived from WikiStock's thorough assessment of the brokerage's website information and are subject to potential updates. Furthermore, it's essential to acknowledge that online trading carries significant risks, including the potential loss of invested capital. Therefore, understanding these risks before engaging in trading activities is imperative.
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