The most basic business income of securities companies is transaction commissions. This is still the main source of income for securities companies in mainland China, generally accounting for more than 90% of each company's income. \x0d\\x0d\Secondly, securities companies that meet the conditions can launch asset management business. Asset management is somewhat similar to a fund, that is, customers purchase the asset management products of the securities company, and the securities company operates the money. Securities companies can charge basic subscription fees and redemption fees. If the performance reaches the level specified in the contract, performance rewards can be withdrawn accordingly. \x0d\\x0d\ There is also IB business, which is the business where securities companies introduce customers to futures companies, and futures companies will give commissions to securities companies accordingly. \x0d\\x0d\ There is also investment banking business, which is underwriting and sponsorship, such as guiding a company to complete an IPO, additional issuance, backdoor listing, and so on. Listed companies for these businesses must pay corresponding remuneration to securities companies. \x0d\\x0d\There is also self-operated business, that is, securities companies use their own legal funds to speculate in stocks, buy bonds, etc., and the profits generated are also the securities companies' income. \x0d\\x0d\ There is also margin trading business. Simply put, securities companies lend funds or stocks to customers, and then the customers return them with a certain amount of interest. These interests are also the income of securities companies. \x0d\\x0d\Then there is the financial consulting business, which is mainly for companies. \x0d\\x0d\That’s pretty much the main thing. But the brokerage business, what you call commissions, is the main source of income.