股票为什么需要委托：中英文双语解读

中文版

股票交易中的委托是指投资者通过证券公司或其他合法渠道，向证券交易所提交买卖股票的意愿和条件，并授权证券公司代理执行的行为。简而言之，投资者不能直接到证券交易所进行股票交易，而是通过证券公司进行委托交易。

那么，为什么股票交易需要委托呢？首先，股票交易涉及大量资金和复杂的市场规则，普通投资者难以全面了解和掌握。通过委托给专业的证券公司，投资者可以利用其丰富的经验和专业知识，更好地进行投资决策。

其次，委托交易有助于维护市场秩序和公平交易。证券交易所对委托交易有着严格的监管和审核机制，确保交易的合法性和合规性。同时，委托交易也减少了市场操纵和内幕交易的可能性，保护了投资者的合法权益。

最后，委托交易为投资者提供了更加便捷和灵活的交易方式。投资者只需向证券公司下达委托指令，无需亲自到场交易，节省了时间和精力。此外，委托交易还支持多种交易方式，如市价委托、限价委托等，满足投资者不同的交易需求。

英文版

Why Stocks Need Delegation: A Comparative Reading in Chinese and English

Chinese Version

Delegation in stock trading refers to the act of investors submitting their willingness and conditions for buying and selling stocks to a stock exchange through a securities company or other legitimate channels, and authorizing the securities company to execute the transaction on their behalf. In simple terms, investors cannot directly trade stocks on the stock exchange but must instead conduct delegated trading through securities companies.

So, why is delegation necessary in stock trading? Firstly, stock trading involves a large amount of capital and complex market rules, which are difficult for ordinary investors to fully understand and master. By delegating to professional securities companies, investors can leverage their rich experience and expertise to make better investment decisions.

Secondly, delegated trading helps maintain market order and fair trading. Stock exchanges have strict regulatory and review mechanisms for delegated trading, ensuring the legality and compliance of transactions. At the same time, delegated trading also reduces the possibility of market manipulation and insider trading, protecting the legitimate rights and interests of investors.

Finally, delegated trading provides investors with more convenient and flexible trading methods. Investors only need to issue delegation instructions to the securities company, without the need to personally attend trading sessions, saving time and effort. In addition, delegated trading supports various trading methods, such as market order and limit order, meeting the different trading needs of investors.

English Version

The Need for Delegation in Stock Trading

Delegation in stock trading arises from the complexity and specialized nature of the financial market. When investors wish to buy or sell stocks, they often lack the necessary expertise and direct access to the stock exchange. This is where the role of the securities company becomes crucial.

By delegating their trading decisions to a securities company, investors benefit from the company's extensive knowledge and experience in the market. The securities company acts as an intermediary, connecting investors with the stock exchange and executing trades on their behalf. This arrangement not only simplifies the trading process for investors but also ensures that trades are executed efficiently and within the regulatory framework.

Moreover, delegation promotes market fairness and transparency. Securities companies are subject to strict regulatory oversight, ensuring that trading activities are conducted in a manner that is fair and non-manipulative. This helps to maintain market integrity and protect investors from fraudulent or unfair trading practices.

In summary, delegation in stock trading is essential for investors to capitalize on the expertise of securities companies, ensure compliance with market regulations, and promote fairness and transparency in the trading process.