Trading commissions. Securities companies are mainly active in the capital market. Let’s look at the business they provide to make money. The main ones are

1. Investment banking business, such as stock and bond underwriting, mergers and acquisitions, Financial consultants, etc.;

2. Brokerage business is well known to everyone. For example, if you go to a securities company to open an account for stock trading, the securities company earns handling fees from shareholders;

3. Margin financing and securities lending Business, in 2013, the two financing businesses earned huge profits for securities companies;

4. Asset management, issuance of integrated financial products, and after financial reform, securities companies can issue fixed income products like banks, so now The securities companies have a multi-level product line to provide customers, which is more comprehensive than that of banks, so the asset management of securities companies is also very profitable, and the other is consulting fees and so on. Asset management business: customers purchase asset management products from securities companies, and the securities companies operate 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 If the performance reaches the level specified in the contract, performance rewards can be withdrawn accordingly. IB business is a business in which securities companies introduce customers to futures companies, and futures companies will rebate commissions to securities companies accordingly. Investment banking business is underwriting and sponsoring, 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 firms. Proprietary business means that securities companies use their own legal funds to speculate in stocks, buy bonds, etc., and the profits generated are also the securities companies' income. There is also margin trading business, which simply means that securities companies lend funds or stocks to customers, and then the customers return the money with a certain amount of interest. These interests are also the income of securities companies.

Then there is the financial consulting business, which is mainly for companies.

The collective financial management of securities companies is also called the collective asset management business. It refers to a financial product issued by a securities company, which collects the assets of customers and is managed by professional investors (brokerages). It is an innovative financial service product developed by securities companies for high-end customers. In layman's terms, it is a financial management service in which securities firms accept the entrustment of investors and invest investors' funds in financial products such as stocks and bonds. The risk and return are between savings and stock investment. Securities companies are the sponsors and managers of such financial products.