What Is a Prime Brokerage?

Brokering, which means doing business, comes from the "pipe version law." It is the management of materials; it is a general term for the overall dynamic phenomenon that people produce, use, handle, and distribute all materials. This concept refers to the household management of a family at the micro level and the economy and the people of a country at the macro level. In this dynamic whole, it includes human activities of production, saving, exchange, and distribution; production is the basis of this dynamic, and distribution is the end of this dynamic.

[jng jì]

[Title] : Broker

[Pinyin] : jng j ì

1. [deal; trade]:

   1. Gang often, law.

      "Pipe · Edition": "The place of heaven and earth, there are front and back, there are left and right, saint law, to build a broker."

      The Han Book

      Dentist and broker

      Intermediate businessmen in the old urban and rural markets of China who negotiated deals and collected commissions for buyers and sellers. Originating from the Han Dynasty, there was a difference between official teeth and private teeth in the Ming and Qing Dynasties. The official tooth is designated by the government, and the private tooth also needs the government's approval and can only start business after obtaining the letter book. The dentist must obtain the dental signature, pay the dental tax on time, and bear the responsibility of collecting tax on behalf of the official. There is a poem in Qing An Ming's "Yantai Slogan One Hundred": "The horse is implicated in the market, Qian and his broker are more expensive than the baht. Poor long-tailed knife and scissors, which means that the deer is worth nothing." A small note in the poem : "The trader is called 'broker'."

      "Dentist" means "dentist". It is the middleman who matches the sale of goods. Why is it called "tooth"? It turned out that in ancient times, "tooth" was a common word for "mutual". "Tooth market" is also known as "mutual market" and "tooth person" is "mutual person", which means people with or without goods. It first appeared in the Tang Dynasty over a thousand years ago. According to the "Old Tang Book", "Lushan is the Yalang of the mutual market", which means that Anlushan had once been an intermediate introducer for the sale of goods.

      Prior to the liberation of Fuzhou, there were two largest concentration of dental rows, one in the "Sheep's Tooth" at the water department east of today's Wuyi Square. It is a big market for selling live sheep. The sheep farmers in Fuqing, Changle, Luoyuan and other places transported the sheep to the "Sheep Tooth" of Fuzhou Water Department and gave it to the owner of the tooth bank for sale. The other is "Fruit Tooth", which is located in Dajiang Road, Taijiang District, where four season fruits such as lychee, longan, grapefruit, and bananas brought from farmers in Changle and Fuzhou suburbs are sent to Yahang for sale. Small vendors and hawkers wholesale and retail from dental shops. The owner of the dental bank collects the commission from the consignor, and then sends the money to the consignor after the goods are sold in batches.

      Those who are engaged in the dental industry are called "Yalang", and they must obtain a "tooth paste" from the relevant government departments, which is equivalent to today's business license, and pay a tooth paste silver tax every year, called "tooth tax".

      In addition, "tooth" is the proper name of "". The official bureau of the Ming and Qing Dynasties called it "Yamen", but in fact it was a pseudonym of "Yamen". Because in the Han Dynasty, the gate of the government house was painted with an animal head, and its teeth were exposed to show its majesty. Especially on the banner erected in front of the army's camp, tiger heads and tiger teeth are painted and embroidered. Those who are officials are often bribed by money and money, so for corrupt officials, they are called "a thousand teeth in the door", as the folk ballad said: "The door of the tooth () is open in eight characters, and there is no reason to come in." (Liu Xiangru )

      Brokering is a kind of intermediary service activity in economic activities, specifically refers to the economic activities of natural persons, legal persons and other economic organizations to facilitate the transactions of others through intermediary, agency, discipline and other service methods for the purpose of collecting commissions.