What Is a Securities Corporation?

A securities company refers to a limited liability company or a company limited by shares that is established in accordance with the provisions of the Company Law and the Securities Law and has been established by the securities regulatory authority of the State Council to specialize in securities business and has independent legal person status.

securities company

Securities companies refer to

Securities company is specialized in

From the functional points of securities operating companies, it can be divided into:

1. Most of them are state-owned holding companies,

(1) The company's articles of association are in compliance with laws and administrative regulations;

(2) The major shareholders have sustained profitability, good reputation, no major violations of laws and regulations for 3 years, and net assets of not less than RMB 200 million;

(3) Have registered capital that meets the requirements of this law;

(1) Securities brokerage;

(2) Securities investment consulting;

(3) Financial consultants related to securities trading and securities investment activities;

(4) Securities underwriting and sponsorship;

(5) Securities self-support;

(6) Securities asset management;

(7) Other securities business.

(8) M & A

The minimum registered capital of a securities company operating the above-mentioned items (1) to (3) is RMB 50 million; the minimum registered capital is required to operate one of the items (4) to (7) It is RMB 100 million; if it operates two or more of the items (4) to (7), the minimum registered capital shall be RMB 500 million. Its registered capital must be paid-in capital.

Asset management

A securities company shall not provide financing or guarantees to its shareholders or shareholders' affiliates.

2. Personnel management

The senior management personnel of a securities company shall meet the statutory qualifications.

3. Payment of securities investor protection fund and withdrawal of transaction risk reserves

4. Establish and improve internal control and business isolation systems

A securities company must separate its securities brokerage business, securities underwriting business, securities proprietary business, and securities asset management business, and may not mix operations.

1. Business risk isolation system

Article 136 of the Securities Law stipulates that securities companies shall establish and improve internal control systems and adopt effective isolation measures to prevent conflicts of interest between different customers between the company and its customers. The securities company must

Risk control of securities company operations:

The securities regulatory authority of the State Council shall determine the net capital of securities companies, the ratio of net capital to liabilities,

1. The minimum registered capital of securities companies operating the following businesses is 50 million yuan:

(1) Securities brokerage;

(2) Securities investment consulting;

(3) Related to securities trading and securities investment activities

The main responsibilities of securities companies in corporate restructuring and listing are to design and plan the listing of restructuring companies. The main tasks include: participating in the design and formulation of corporate restructuring programs, providing listing guidance to restructuring companies that intend to issue shares, drafting, summarizing, and submitting for listing All the application materials of the company shall organize the underwriting of the stocks of listed companies, and undertake the organization and coordination of the issuance and listing.

Data from listed companies' quarterly reports shows that securities firms or securities firms collect reasonable wealth products appearing in 682 listings

Great Wall Securities logo

The company's top ten list of tradable shareholders, total holdings of 5.460 billion shares, an increase of 22.76%. Among these stocks, the securities firm or securities firm collected reasonable wealth in the first quarter of 307 new stocks, increased its holdings of 189 stocks, reduced its holdings of 141 stocks, and adhered to 45 stocks. From the perspective of the industry distribution of new stocks, in the first quarter, securities firms and the collection of reasonable wealth favored the three industries of machinery and equipment, petrochemicals and metals and non-metals.

In the first quarter, the total number of stocks of securities companies and newly-increased stock positions in the collection of reasonable wealth reached 1.385 billion shares. At the end of the first quarter, the value of the stock market was as high as 15.524 billion yuan. The above-mentioned company's quarterly report data show that there were 214 companies' net profit in the first quarter achieved year-on-year growth, accounting for 69.71%. Among the new stocks, 113 stocks were held by securities firms and stocks with more than 2 million shares, which accounted for 36.81%. Among them, the brokerage firm and the collection of reasonable wealth on Agricultural Bank of China, Changjiang Securities, Gemdale Group, Zhenhua Heavy Industry and Trust Network held over 50 million shares. From the perspective of controlling disk capacity, 129 companies were held by securities firms and reasonable wealth holdings for more than 1%, accounting for 42.02%.

In the first quarter, brokerages and reasonable funds raised 772 million stocks in 189 stocks. The market value of Masukura based on the stock price at the end of the quarter amounted to 9.322 billion yuan. The quarterly data of these companies showed that 175 companies have achieved profitability Brokers' unique stock selection vision. From the perspective of Masukura, the brokerage and the collection of reasonable wealth on Nanshan Aluminum, Oriental Pearl, Oriental Fortune, Fenghua Hi-Tech and Tower Group's six stocks have increased their positions by more than 1000% from the previous month. Judging from the rise and fall of Masukura stocks since April, Luyin Investment ranked first with an increase of 56.65%.