What Is The Stock Pfer Procedure?

The pfer procedures of the Shanghai stock exchange are computerized, and the pfer procedures have been completed once the buyers and sellers have completed the paction. The Shenzhen stock exchange is also adopting advanced pfer procedures. After the paction between the buyers and sellers, the paction is pmitted to the securities registration company through the optical cable, and the paction is recorded in the account opened by the shareholders.

(1) after the delivery, the original shareholder should fill in a notice of pfer of stock, seal the seal and share the shares with the stock issuing company.

The company's pfer agencies can set up their own businesses or entrust financial institutions to do so.

General issuing companies set up their own pfer agencies in their domicile, while in other regions, they are entrusted by financial institutions to act on behalf of them.

At present, China is generally handled by financial institutions. Shenzhen is held by securities companies, while Shanghai is handled by stock exchanges.

If the assignee of the stock is more than one, the pferor (the seller) should fill in the notice of pfer separately.

If there is more than one account of the pferor, the assignor shall also fill in the notice separately.

(2) after the delivery, the new shareholder shall obtain the seal card and seal the seal from the issuing company, and send it to the pfer agency of the issuing company after the two seals are printed.

The seal card mainly records the name and address of the new shareholder, the number and number of shares held by the new shareholder, and the date of stock pfer.

(3) after receiving the pfer notice of the old shareholder, the old stock and the new stock seal, the pfer agency will make an audit. If the procedure is complete, the old stock will be issued immediately, and the new and old shares will be sent to the visa agency together with the corresponding contents of the shareholder list.

The role of a visa agency is to check whether the company has overissued and forged shares.

Generally speaking, a issuing company must not sign its own organization, and must entrust a financial institution, and the financial institution responsible for the pfer procedures of the company shall not act as a visa institution.

(4) the authorized institutions receive the examination of new and old stocks and related materials sent by the pfer agencies. If the procedures are complete, they will visas the old and new stocks and send them to the pfer agencies.

(5) after receiving the new and old shares, the pfer agencies will deliver the new shares to the new shareholders, while the old ones will be archived for archival filing by the pfer agencies.