Overview of HAITONG
Haitong Securities, a Chinese brokerage firm founded in 1988, offers a wide range of financial services including stock and ETF trading, wealth management, research, and margin trading. Regulated by the China Securities Regulatory Commission (CSRC) alongside the Shanghai, Haitong Securities provides a secure platform for domestic investors.
Their user-friendly Haitong eHaiTongCai PC desktop and mobile app satisfy both online and offline account holders. While minimum deposit and leverage details are not publicly available, Haitong offers educational resources through their Rainbow University Hall to equip investors of all experience levels. Customer support is available via phone and email for any inquiries.
Pros and Cons
Pros
Wide Range of Services: Haitong Securities offers a comprehensive suite of financial services beyond just stock and ETF trading. This includes wealth management, research services, margin trading, and more.
Regulated Brokerage: Haitong Securities is subject to regulations imposed by the China Securities Regulatory Commission (CSRC) which helps ensure investor protection.
User-Friendly Platform: Haitong eHaiTongCai PC provides a user-friendly desktop and mobile app experience for both online and offline account holders.
Educational Resources: The Rainbow University Hall offers a structured learning environment with courses tailored to various investor levels, promoting financial literacy.
Cons
Limited International Availability: Haitong Securities is primarily focused on the Chinese market, and information regarding international regulations and oversight is limited.
Lack of Transparency on Fees: Minimum deposit and leverage details are not available publicly, requiring potential investors to contact the broker directly.
No Demo Account: Haitong Securities does not offer a demo account, which could limit investors' ability to test the platform and practice trading strategies before committing real capital.
Regulatory Status
Haitong Securities, as a Chinese brokerage firm, is primarily subject to regulations imposed by Chinese authorities, including the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE), and the Shenzhen Stock Exchange (SZSE). These regulations cover various aspects of Haitong Securities' operations.
Investors considering investing in Haitong Securities or other Chinese firms trading on international exchanges should carefully consider the potential regulatory differences. While Haitong Securities is subject to Chinese regulations, its operations on international exchanges are subject to less stringent oversight.
Market Instruments
Haitong offers a wide range of financial services including investment services (equity investment, wealth management), research services, financing services (bond issuance, real estate investment trusts, securities margin trading), transaction and institutional services (comprehensive transaction services, OTC derivatives, institutional sales), and asset custody and fund administration services.
Their clients include public funds, insurance companies, asset management companies, banks, private funds, and individual investors.
How to Open an Account？
Here are the concrete steps to open an account with Haitong Securities:
Offline Account Opening
Visit a Haitong Securities branch office.
Bring the following documents:
Valid ID (passport for foreigners)
Proof of residence ( bank statement)
Completed Haitong Securities account opening form
Meet with a customer service representative to discuss your investment goals and risk tolerance.
Fund your new account with the minimum deposit amount.
You will be provided with login credentials to access your online trading platform.
Online Account Opening
Scan the QR code on the image provided to download the Haitong Securities app.
Once the app is installed, open it and tap on the “Open Account” button.
Read the terms and conditions carefully and tap on the “I agree” button.
Enter your personal information, including your name, phone number, and email address.
Tap on the “Submit” button.
You will be notified by email once your account has been opened.
You can then log in to your account and start trading.
Trading Platform
Haitong eHaiTongCai PC offers a comprehensive trading experience, providing users with a wide array of tools and features to facilitate informed investment decisions. From real-time full-market quotes for securities traded on major Chinese stock exchanges to fast and efficient trading execution through various order types, the platform ensures swift transactions. Its intelligent stock selection tools aid in identifying potential investment opportunities, complemented by detailed market depth information provided by accelerated Level 2 quotes.
Conditional orders enable automated execution based on preset conditions, while lightning trading simplifies the process with a single click. Moreover, users benefit from a comprehensive analysis module for market insights, a customizable quick bar for easy access to frequently used tools, support for various securities including stocks, ETFs, and bonds, and round-the-clock online customer service assistance.
Customer Support
HAITONG offers comprehensive customer support through multiple channels, including telephone and email. With a dedicated customer service hotline (95553, 4008888001) and an email address (haitong@haitong.com), they committed to addressing inquiries and concerns promptly. Whether clients prefer traditional communication over the phone or the convenience of email, HAITONG provides accessible avenues for assistance, reinforcing their commitment to customer satisfaction.
Educational Resources
The educational resources provided by the platform include a structured learning environment tailored to investors of all levels.
At the foundational level, the Rainbow University offers courses such as the Rainbow Lecture Hall and an all-encompassing guide to investment and stock trading. As investors progress, they can access more advanced content through the Rainbow Lecture Hall's Advanced Academy, focusing on higher-level investment strategies. For those seeking even deeper insights, the Higher Education section offers advanced investment education and investor protection courses.
Additionally, the platform emphasizes the importance of preventing illegal securities activities and enhancing investor protection through various educational initiatives. The curriculum covers basic education, risk awareness, specialized columns for the Beijing Stock Exchange and the Science and Technology Innovation Board, ensuring a comprehensive learning experience for investors.
Conclusion
Haitong Securities offers a compelling package for Chinese investors seeking a comprehensive financial services platform. With a vast array of services beyond stock trading, investor protection through Chinese regulations, and a user-friendly platform with educational resources, Haitong satisfies various experience levels.
However, potential investors, particularly those outside of China, should be aware of limited information regarding international regulations and fees. The lack of a demo account might also be a drawback for some, hindering the ability to test the platform before committing real capital.
FAQs
Question: What investment options does Haitong Securities offer？
Answer: Haitong goes beyond just stock and ETF trading. They provide a comprehensive suite of financial services including wealth management, research services, margin trading, and more.
Question: Does Haitong Securities offer a practice account？
Answer: Currently, Haitong Securities doesn't appear to offer a demo account. This means you would need to use real funds to test the platform and practice trading strategies.
Question: How can I learn more about investing with Haitong Securities？
Answer: Haitong offers Rainbow University Hall, a structured learning program with courses designed for various investor levels.
Question: How can I contact Haitong Securities customer support？
Answer: Haitong offers customer support via phone and email. Their dedicated hotline numbers and email address are readily available on their website.
