A securities company is a legal person enterprise specializing in securities trading. Divided into securities management companies and securities registration companies.
In a narrow sense, a securities company refers to a securities business company, which is an institution that specializes in securities business after being approved by the competent authority and obtaining a business license from the relevant administrative department for industry and commerce. Having the membership of a stock exchange, you can underwrite the issuance, self-management or agent trading of securities. Ordinary investors must invest in securities through securities companies.
Extended information ① Securities broker. That is, the securities brokerage company. Securities institutions that buy and sell securities as agents accept the entrustment of investors to buy and sell securities on their behalf and charge a certain commission, such as jianghai securities brokerage company.
(2) securities firms. That is, comprehensive securities companies, in addition to the authority of securities brokerage companies, can also buy and sell securities by themselves. They are well-funded and can directly enter the exchange to buy and sell stocks for themselves. Such as Guotai Junan Securities.
(3) Securities underwriters. An institution that helps issuers sell securities by underwriting or consignment. In fact, many securities companies operate these three businesses at the same time. According to the current practice in various countries, all member companies of a stock exchange can conduct proprietary trading in the trading market, but few securities companies specialize in proprietary trading.
References:
Baidu encyclopedia-securities company