If everyone wants to seriously and properly invest in US stocks domestically, I have a “cultivation technique” (somewhat unorthodox) but very reliable method
1. Apply for the cheapest tuition fee at a low-tier “fake” university in Singapore. The tuition is about (70–80k RMB). It doesn’t really have rankings like that. Click and you’ll be sent an offer
2. About within a week after the term starts, obtain the student pass (STP). Go open a Singapore bank account—DBS, UOB, OCBC, HSBC, Standard Chartered—ample limits, no shortage. These banks can still be used even if the student pass expires
Then open a brokerage account—Tiger Brokers, LTG, etc.—plenty of options; you can open it casually. Usually for new users, you can also get a few hundred Singapore dollars “for free”
If you need to invest in cryptocurrencies, opening Coinbase and transferring funds between it and your Singapore bank account are essentially instant
3. Transfer money from Chinese banks to Singapore for the reason of paying tuition and living expenses. It shouldn’t be blocked—just transfer it freely
4. After 2 weeks to one month from the start of the term, apply to the school for withdrawal. Tuition should be refundable in most cases. Some schools collect payment late; in some cases you might not have paid tuition yet—then the seat reservation fee likely won’t be refunded
5. Cancel the student pass (STP) and return to China. Some banks or brokerages may ask you to update your documents to your passport—just update it and you’re good
At this point, you’ll have a large number of overseas bank accounts and brokerage accounts. You can trade stocks however you want
6. Also, the Singapore Visa card makes it very convenient to subscribe to various AI services. Mainland and Hong Kong cards don’t work
Additional must-have Singapore specialty: a mobile SIM card issued in Singapore by China Mobile or China Unicom. The plan costs about 55 RMB, includes a huge amount of roaming data—around 15–20G—with wide coverage across many regions, including East Asia, Southeast Asia, Australia, etc. Basically, when you travel, you don’t need to buy a roaming data package. You’ll save a large amount of money.
In China, you can also use Singapore network services freely
1. Apply for the cheapest tuition fee at a low-tier “fake” university in Singapore. The tuition is about (70–80k RMB). It doesn’t really have rankings like that. Click and you’ll be sent an offer
2. About within a week after the term starts, obtain the student pass (STP). Go open a Singapore bank account—DBS, UOB, OCBC, HSBC, Standard Chartered—ample limits, no shortage. These banks can still be used even if the student pass expires
Then open a brokerage account—Tiger Brokers, LTG, etc.—plenty of options; you can open it casually. Usually for new users, you can also get a few hundred Singapore dollars “for free”
If you need to invest in cryptocurrencies, opening Coinbase and transferring funds between it and your Singapore bank account are essentially instant
3. Transfer money from Chinese banks to Singapore for the reason of paying tuition and living expenses. It shouldn’t be blocked—just transfer it freely
4. After 2 weeks to one month from the start of the term, apply to the school for withdrawal. Tuition should be refundable in most cases. Some schools collect payment late; in some cases you might not have paid tuition yet—then the seat reservation fee likely won’t be refunded
5. Cancel the student pass (STP) and return to China. Some banks or brokerages may ask you to update your documents to your passport—just update it and you’re good
At this point, you’ll have a large number of overseas bank accounts and brokerage accounts. You can trade stocks however you want
6. Also, the Singapore Visa card makes it very convenient to subscribe to various AI services. Mainland and Hong Kong cards don’t work
Additional must-have Singapore specialty: a mobile SIM card issued in Singapore by China Mobile or China Unicom. The plan costs about 55 RMB, includes a huge amount of roaming data—around 15–20G—with wide coverage across many regions, including East Asia, Southeast Asia, Australia, etc. Basically, when you travel, you don’t need to buy a roaming data package. You’ll save a large amount of money.
In China, you can also use Singapore network services freely