Stock trading refers to buying and selling stocks. The core content of stock trading is to obtain profits through the price difference between buying and selling stocks in the stock market. The rise and fall of stock prices change with the fluctuation of the market. Due to the concern of capital, the fluctuation of stock price often has the characteristics of differentiation. The relationship between them is like the relationship between water and a boat. The boat is full of water (a lot of money flows into the boat, and the stock price rises), and the boat is shallow (a lot of money flows out, and the stock price falls).
Securities are all kinds of economic rights and interests certificates, and also refer to special types of products. It is a legal document used to prove that the holder enjoys certain rights.
Securities mainly include capital security, currency securities and commodity securities. In a narrow sense, securities mainly refer to securities products in the securities market, including equity market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options and interest rate futures. In February, 20021,Supplementary Provisions of the Supreme People's Court and the Supreme People's Procuratorate on the Determination of Crimes in the Criminal Law of People's Republic of China (PRC) (VII) stipulated the crime of fraudulently issuing securities (the crime of fraudulently issuing stocks and bonds was abolished).
First, securities are essentially civil rights with property attributes. The characteristic of securities is that civil rights are embodied in securities, rights are combined with securities, and rights are embodied in securities, that is, rights securitization. It is a legal phenomenon in the form of securities, a social phenomenon of symbolization of investors' investment property, and a symbol and result of the development of social credit. Securities must be associated with a specific expression.
Second, in the development of securities, the earliest basic way to commend securities rights is paper, and the specific rights are expressed in words or graphics on special paper. Therefore, negotiable securities are also called documentary evidence and documentary evidence. However, with the rapid development of economy, especially the development of electronic technology and information network, paperless securities have appeared in modern society.
Three, securities investors almost no longer own any securities in the form of physical bonds, and the number of securities or securities rights held by them are recorded in the investor's account accordingly. The development process from "paper securities" to "paperless securities" reveals the great differences between modern securities concepts and traditional securities concepts.