Securities companies are non-bank financial institutions in China. It is also called a bank abroad. Another name is investment bank. But in some Asian countries, it is called a securities company. In fact, securities also belong to banks. It's just that his business is different from the commercial banks we have seen. A little higher than ordinary banks. Securities companies are generally divided into four main businesses: securities brokerage business, securities proprietary business, asset management business and investment banking business. Generally, powerful securities companies can operate these four main businesses. However, according to the strength of securities companies, the business of some securities companies will be restricted. But the securities brokerage business is the most common. Simply put, the securities brokerage business is to accept the entrustment of investors and buy and sell stocks as an intermediary. Because investors can't directly enter the exchange market to buy and sell stocks, buying and selling stocks must go through legal securities companies. This is the securities brokerage business. Securities companies generally have their own membership numbers in the exchange. Customers can trade stocks through this seat of the securities company. Of course, the securities brokerage business is not simply buying and selling stocks as an intermediary. Brokerage involves many details. For example, customer education, investment consulting, customer service and so on. Not much to say here. Anyway, securities brokerage business is the business of buying and selling stocks on behalf of customers. Securities proprietary business is a business in which securities companies use their own funds to buy and sell stocks in order to make profits by investing in stocks. This is not a business that all securities companies can do. Generally, only powerful securities companies can engage in self-operated business. In fact, the market entities we refer to in stocks refer to securities companies and insurance companies. Are all important institutional investors in the stock market. Asset management business is that securities companies accept clients' entrustment and manage clients' funds. For example, a customer has 5 billion funds entrusted to a securities company to help him manage his investment. This is an asset management business. Mainly for large high-end customers. Investment banks actually serve listed companies. For example, if a company wants to go public, it must find a securities company to help it handle all listing matters. This is the so-called investment banking business. That is, to go public. These are the four main businesses of securities companies. However, we must know that these major businesses will not and are not allowed to cross each other. Generally, it runs independently. What is said here is only the main business that securities companies are engaged in. There are too many departments in the securities company. It's basically endless. Because a main business alone will have many departments. Securities companies generally have retail brokerage headquarters, investment bank headquarters, self-operated headquarters, asset management headquarters, president's office, general manager's office, risk control department, compliance department, technology department, information center and customer service department. What I'm talking about is that some large departments at headquarters serve all businesses. Other departments under the main business are too TM. Division alone doesn't know how many. Generally speaking, securities companies are professional institutions specializing in securities investment in the market. They mainly do capital investment services. Such as stocks, funds, bonds, futures and so on.