How does China Merchants Securities cancel its account?

The cancellation of an account must be handled in any business hall of China Merchants Securities in Beijing with the shareholder ID card, shareholder code card and a copy of the investor's application for opening an account.

The clerk checks the data, checks the password and sends it to the supervisor for approval. Liquidate shareholders' funds and shares, and go through the formalities of account cancellation. Return the investor's ID card and shareholder code card. After the investor cancels his account, his information will be kept in the sales department for two years.

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The securities market is the place where securities are issued and traded. In a broad sense, the securities market refers to the sum of all trading relationships with securities as the object. From the perspective of economics, the securities market can be defined as a trading mechanism that determines the price of securities according to the relationship between supply and demand through free competition. In the developed market economy, the securities market is an important part of a complete market system, which not only reflects and regulates the movement of monetary funds, but also has an important impact on the operation of the whole economy.

1. It is the bridge between the fund supplier and the fund demander. The securities market provides a market with unified rules, which links securities issuers, securities buyers, securities transferors and intermediaries in this market and facilitates the issuance and circulation of securities.

2. The securities market is another channel for enterprises to raise social funds. Bank savings deposits and insurance premiums absorbed by the insurance industry are all channels to absorb social idle funds. Ordinary enterprises cannot engage in deposit business, insurance business and financial trust business, and their channels of absorbing funds can only be obtained through banks, insurance companies and financial trust enterprises except the securities market. The securities market provides an important channel for ordinary enterprises to directly raise funds from the public. Companies can absorb some social funds into the production field by issuing stocks or corporate bonds.

3. Provide the government with the regulation of open market operation. Securities trading in leveraged securities market can be measured by many indicators, one of which is the ratio of securities returns to securities prices, which is called securities returns.

The level of this index has a considerable impact on the changes of other factors in the whole financial market. Therefore, the government can influence the securities interest rate in the securities market by buying and selling treasury bonds, just as the central bank adjusts the rediscount rate to influence the discount rate of commercial banks, and it becomes a lever for the government to indirectly regulate the financial industry.

4. The securities market is the regulator of social capital redistribution. Securities investors are very sensitive to the returns of securities, which are largely determined by the economic benefits of enterprises. Enterprises with high economic benefits have more securities investors, and such securities are also very active in the market. On the contrary, there are fewer and fewer securities investors in enterprises with poor economic benefits, and the market transactions are not prosperous.