甬兴证券

Yongxing Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	￥500,000
Fees	Account opening fees for Shanghai/Shenzhen fund account
Account Fees	Free for opening a separate fund account or OTC account
Interests on uninvested cash	N/A
Margin Interest Rates	N/A
Mutual Funds Offered	Yes
App/Platform	Yongxing Stock Trading Limit, Yongxing Securities Tongdaxin Standard Edition, Yongxing Securities Tongdaxin Order System, Yongxing Securities Tongdaxin Traditional Chinese Version, Yongxing Securities special MD5 code generator
Promotions	Fee Discounts

What is Yongxing Securities？

　　Yongxing Securities, a comprehensive securities firm based in Ningbo, China, was established in 2020 as a wholly-owned subsidiary of Ningbo Development and Investment Group Co., Ltd. With a registered capital of 3 billion yuan, it offers a range of services including securities brokerage, investment consulting, and securities investment fund sales. Adhering to the business philosophy of “compliant operation and steady development,” Yongxing Securities enjoys a unique market position as the only comprehensive securities company in Ningbo and has a strategic layout that “takes root in Ningbo, radiates the Yangtze River Delta, and faces the whole of China.”

Pros and Cons of Yongxing Securities

Pros

• 　　Unique Market Position: As the only comprehensive securities company in Ningbo and the first domestic securities company approved by the China Securities Regulatory Commission in recent years, Yongxing Securities enjoys a unique and competitive market position.

• 　　Diverse Business Scope: The company offers a wide range of services, including securities brokerage, investment consulting, securities underwriting and sponsorship, as well as securities investment fund sales, providing clients with comprehensive financial solutions.

• 　　Solid Financial Foundation: With a registered capital of 2 billion yuan, Yongxing Securities possesses a solid financial foundation that supports its business operations and expansion plans.

Cons

• 　　Relatively New: As a relatively new player in the securities industry, Yongxing Securities may lack the historical reputation and market recognition of more established firms.

• 　　Limited Geographical Presence: While it has a strategic focus on Ningbo and the Yangtze River Delta, its geographical presence may be limited compared to larger securities firms with a nationwide or even international network.

• 　　High Account Minimums: Yongxing Securities requires a substantial minimum deposit of 500,000 yuan (approximately $70,000 USD) to open a standard brokerage account, which may be prohibitive for smaller or new investors.

• 　　Limited Visibility on Fees: While most securities companies have transparent fee structures, Yongxing Securities' fee information is not as clearly communicated. This can make it difficult for clients to accurately assess the costs associated with their transactions and services.

Is Yongxing Securities safe？

　　Regulations

　　Yongxing Securities operates under stringent regulations established by the China Securities Regulatory Commission (CSRC), ensuring compliance with national financial laws and industry standards.



　　Funds Safety

　　Yongxing Securities requires users to provide certain personal details such as name, age, and address when participating in activities, and assures that such information will not be disclosed to any third party. However, it also states that if government judicial departments require access to this information for legal procedures, they may obtain it. Their statement further clarifies that there will be no compensation for any losses incurred due to the disclosure or misuse of personal data on these websites. Additionally, it notes that the website and related legal responsibilities will not be held accountable for any network attacks, temporary closures, or government controls.



　　Safety Measures

　　When discussing the safety measures, Yongxing Securities provides various network and data safety measures. These measures are designed to protect systems, networks, and data from unauthorized access, misuse, disclosure, destruction, modification, or disruption. Here are some key safety measures:

• 　　Firewalls:

• 　　Firewalls are used to monitor and control incoming and outgoing network traffic. They enforce security policies and block unauthorized access to the network.

• 　　Strong Passwords and Multi-factor Authentication:

• 　　Requiring users to create strong passwords, including a mix of uppercase letters, lowercase letters, numbers, and special characters, is a fundamental security measure.

• 　　Multi-factor authentication adds another layer of security by requiring more than one form of verification, such as a password plus a fingerprint or a one-time password sent via SMS.

• 　　Software Updates and Patch Management:

• 　　Regularly updating operating systems, software applications, and security patches helps protect against known vulnerabilities and exploits.

• 　　Data Encryption:

• 　　Sensitive data should be encrypted both in transit (e.g., using SSL/TLS protocols) and at rest (e.g., using file-level encryption or full disk encryption). Encryption ensures that data remains unreadable to unauthorized parties.

• 　　Regular Data Backups:

• 　　Regularly backing up important data and storing backups offline or in a secure cloud storage location ensures that data can be recovered in the event of a ransomware attack, hardware failure, or other data loss scenario.

• 　　Employee Training and Awareness:

• 　　Providing regular training to employees on network security best practices, phishing awareness, and safe internet browsing habits helps reduce the risk of social engineering attacks and accidental data breaches.



What are securities to trade with Yongxing Securities？

　　Yongxing Securities offers a broad range of securities for trading, satisfying diverse investment strategies and preferences. Here are the key types of securities you can trade with Yongxing Securities.

• 　　Stocks: These represent ownership in a corporation and are bought and sold on stock exchanges. Stocks are a popular investment choice as they offer the potential for capital appreciation and may also provide dividend income.

• 　　Bonds: Bonds are debt securities issued by governments or corporations to raise capital. Investors who purchase bonds are essentially lending money to the issuer and in return, receive periodic interest payments and the repayment of the principal amount at maturity.

• 　　Mutual Funds and ETFs: These are pooled investment vehicles that allow investors to diversify their portfolios by investing in a basket of securities. Mutual funds are actively managed by a fund manager while ETFs (Exchange Traded Funds) are passively managed and trade on stock exchanges like individual stocks.

• 　　Derivatives: These are financial contracts that derive their value from an underlying asset, such as a stock, bond, commodity, or currency. Futures, options, and swaps are examples of derivative securities that can be traded.



Yongxing Securities Accounts

　　The types of accounts offered by Yongxing Securities can be broadly classified into the following categories:

• 　　Capital account:

• 　　Definition: An account specifically used for buying and selling funds, mainly for open-end funds.

• 　　Functionality: Investors can purchase, redeem, and manage fund products through this account.

• 　　Characteristics: Convenient for investors to centrally manage their fund investments.

• 　　Shanghai A-share account and Shenzhen A-share account.

• 　　Definition: An account used for buying and selling stocks.

• 　　Characteristics: A general account used for buying and selling Shanghai and Shenzhen A-shares, funds, bonds, etc., using Renminbi.

• 　　Shanghai and Shenzhen on-site fund account

• 　　Over-the-counter trading account (OTC account)



Yongxing Securities Fees Review

　　Regarding the fees of Yongxing Securities, there is no fee for opening a separate fund account or OTC account with the bank. There is also no fee for transferring an account. However, if you open a Shanghai A/Shenzhen A securities account or a Shanghai/Shenzhen fund account, you will need to pay an account opening fee in accordance with the relevant regulations of China Securities Depository and Clearing Corporation Limited.

　　Additionally, the fees for online account opening/mobile phone account opening will be charged by mutual input.



Yongxing Securities App Review

　　Yongxing Securities offers the following apps and platforms suitable for mobile devices and computers respectively:

　　PC Platforms

• 　　Yongxing Securities Tongdaxin Standard Edition

　　Yongxing Securities Tongdaxin Standard Edition is an online trading system provided by Yongxing Securities for investors. It integrates market conditions, transactions, information and services to provide differentiated services to meet the needs of different customers.

• 　　Yongxing Securities Tongdaxin Order System

　　Yongxing Securities Tongdaxin Order System is an online trading system provided by Yongxing Securities for investors, which only provides the function of placing orders.

• 　　Yongxing Securities Tongdaxin Standard Edition

　　Yongxing Securities Tongdaxin Standard Edition is a traditional Chinese version of the online trading system provided by Yongxing Securities for investors. It integrates market conditions, transactions, information and services to provide differentiated services to meet the needs of different customers.

• 　　Yongxing Securities special MD5 code generator

　　In order to ensure that the Yongxing Securities online trading client you downloaded is complete, safe and reliable, Yongxing Securities recommends that you use this tool to verify whether the downloaded file is consistent with the original file provided by our company.



　　Mobile Application

　　Yongxing Stock Trading Limit is a new securities service platform created by Yongxing Securities for stockholders. It uses new technology, is updated in real time, and integrates market conditions, ordinary stock trading and information. It is fully functional, simple, easy to use, and has a good user experience.

• 　　The transaction includes stock trading, new stock subscription, treasury bond reverse repurchase, bank-securities transfer and other functions to meet your investment needs.

• 　　Rich time-sharing chart interface and information, showing more disk information, providing you with a full range of market dynamics analysis.

• 　　Provide free information, support Shanghai and Shenzhen stocks, bonds, Hong Kong Stock Connect and other types of data information, to help you make better investment decisions.

• 　　The carefully designed functional interface conforms to the operating habits of stockholders, allowing you to invest and trade more quickly.



Research and Eduation

　　Yongxing Securities provides comprehensive educational and analytical resources.

　　It is committed to providing educational and analytical resources to its investors. This includes conducting various investor education activities, such as the “Investor Education in Hundred Schools” initiative. Through these activities, Yongxing Securities has partnered with local securities and futures industry associations to promote correct investment concepts and enhance investors' abilities to learn securities knowledge.

　　The content of the educational resources covers a wide range, including stock investment analysis, company profiles, and investor rights protection. For instance, Yongxing Securities has delivered special courses on stock investment analysis to students at Ningbo University of Finance and Economics, introducing the company's overview and an investor rights knowledge competition.

　　The provision of these educational and analytical resources demonstrates Yongxing Securities' dedication to continuous investor education and empowerment. By providing in-depth and diverse resources, Yongxing Securities aims to help investors enhance their financial literacy and investment capabilities.



Customer Service

　　Clients can contact Yongxing Securities through various channels including phone, email and address.

　　Phone: 400-916-0666/0574-87082030

　　Email: yxzq@yongxingsec.com

　　Company headquarters: 8th-11th Floor, No. 565, 577, Haiyan North Road, Yinzhou District, Ningbo City, Zhejiang Province.



Conclusion

　　In summary, Yongxing Securities is proud of its dedication to serving the Ningbo region, providing comprehensive financial services, and engaging with the community through education and support. It is suitable for investors seeking localized services, comprehensive financial solutions, and an emphasis on education and support.

FAQs

　　Is Yongxing Securities safe to trade？

　　Yongxing Securities possesses the necessary legitimacy, financial strength, comprehensive business scope, and commitment to investor education that make it a safe choice for trading. However, as with any financial institution, investors should still exercise caution and conduct their own research before making trading decisions.

　　Is Yongxing Securities a good platform for beginners？

　　Although Yongxing Securities is a legitimate securities company that has been approved by the China Securities Regulatory Commission (CSRC), it may be not a good platform for beginners because of the high account minimum.

　　Is Yongxing Securities good for investing/retirement？

　　Yongxing Securities provides a comprehensive range of investment services and is committed to investor education. Its financial stability and technology platform also make it a reliable choice for investing and retirement. However, investors should still perform their own research and due diligence before making any investment decisions.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.