Need to open an trade account in China to trade US ETFs or stock for a Chinese ci ...
abaqus 发表于 2010-8-4 13:17
I don't understand. Why bother to trade US ETF in a Chinese account since you can do it here in US account? I opened a Chinese account only for trading Chinese stocks.
I don't understand. Why bother to trade US ETF in a Chinese account since you can do it here in ...
胡同儿串子 发表于 2010-8-5 00:29
The accounts are for my friends in China. They don't have SSN# since they are Chinese Citizen. Not for myself.
They have no good idea to make money in stock market but with tons of $$$$$$.
Besides, I have no idea about China stock market.
So, the end of the story is to open account in China to trade US ETFs and stocks wihch I can help...
tax!
plus I might have some chinese $ that do not want get into US
Poo 发表于 2010-8-4 19:49
If you have RMBs don't want to get into US, then opening an account in China and trading there make it easier, and no worries about tax, right?
P.S. wait a min, for tax, i'm not sure, maybe open an account by your relative's name?
If you use your parent's name to open an account, then the money has to come from your parent's bank account NOT yours. Of course, if your parent has bank account in US, it will be much easier.