What is the complete transaction process of CITIC Securities (Zhejiang) margin trading?

1. Basic conditions for investors to apply for margin trading in CITIC Securities (Zhejiang) 1. Before investors apply for margin trading in CITIC Securities (Zhejiang), they have opened an ordinary securities account in CITIC Securities (Zhejiang) for 18 months and traded for 6 months. 2. The total assets of ordinary accounts opened by individual investors in CITIC Securities (Zhejiang) should reach 5, yuan (RMB), and the total assets of ordinary accounts opened by institutional investors in CITIC Securities (Zhejiang) should reach 1 million yuan (RMB). 3. Other conditions stipulated by the securities regulatory agency and CITIC Securities (Zhejiang). II. Materials Investors need to provide when applying for the financing and securities lending transaction of CITIC Securities (Zhejiang) Investors need to provide the following application materials before applying for the financing and securities lending transaction: 1. Application materials that individual investors need to submit: personal identification materials (ID cards or household registration books, etc.), ordinary securities account cards, and relevant credit information materials (you can consult your business department); 2. Application materials to be submitted by institutional investors: valid copy of legal person business license or registration certificate, organization code certificate, tax registration certificate, legal representative certificate and original ID card, power of attorney signed by legal representative, agent's (authorized person's) ID card, ordinary securities account card, residence certificate and relevant credit information (please consult the business department of CITIC Securities (Zhejiang) where you are located). Iii. Operation Process of CITIC Securities (Zhejiang) Margin Trading Description of CITIC Securities (Zhejiang) Process: 1. Investor application: Investors should apply to the business department of CITIC Securities (Zhejiang) where they are located for margin trading, and submit relevant identification materials and credit information materials (please consult the business department where they are located); 2. Qualification review and credit investigation: CITIC Securities (Zhejiang) reviews the investor's qualification for opening an account, conducts credit investigation on qualified investors according to regulations, and evaluates the customer's credit status; 3. Signing contracts and risk disclosure: For investors who have passed the credit investigation, sign the Margin Trading Contract and the Margin Trading Risk Disclosure in the business department of CITIC Securities (Zhejiang); The contract specifies the rights and obligations of investors and securities companies in detail and clearly. 4. Account Opening: After the audit of CITIC Securities (Zhejiang), the business department of CITIC Securities (Zhejiang) handles the credit account opening business for investors, and at the same time, investors go to commercial banks to handle the third-party depository signing. 5. Collateral transfer: Investors can transfer collateral to the credit account at the counter of the business department or other trading channels, that is, investors transfer the guarantee funds to the credit fund account through the bank, and transfer the securities that can cover the margin from the ordinary securities account to the credit securities account; 6. Credit granting: CITIC Securities (Zhejiang) evaluates and determines the financing amount and securities lending amount that can be provided to investors according to the overall guaranteed 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 the financing transaction, when the investor sells, the funds obtained will first be returned to the securities company owed by the investor, and the balance will be kept in the investor's credit account; In the securities lending transaction, investors buy securities and return them to the securities company and pay the securities lending fee. 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 the margin trading: When the investor has fully repaid the margin trading debts of the securities company, the investor can transfer the remaining assets in his credit account to his general account.