Secondly, qualified securities companies can carry out asset management business. Asset management is somewhat similar to the meaning of fund, that is, customers buy asset management products of securities companies, and securities companies operate their money. Securities companies can collect basic subscription fees and redemption fees from them, and if the performance reaches the level stipulated in the contract, they can draw performance rewards accordingly.
There is also IB business, that is, securities companies introduce customers to futures companies, and futures companies will give securities companies rebates accordingly.
There are investment banks, that is, underwriting and sponsorship, such as guiding a company to complete an IPO, or issuing additional shares, listing on the backdoor and so on. Listed companies engaged in these businesses should pay corresponding remuneration to brokers.
There is also self-operated business, that is, securities companies use their legitimate funds to speculate in stocks, buy bonds, etc., and the profits generated are also the income of securities companies.
There is also margin financing and securities lending business. Simply put, a securities company lends funds or stocks to customers, and then the customers return them with certain interest. These interests are also the income of securities companies.
Then there is the financial consulting business, mainly for the company.
That's about all the main things. But the brokerage business, which is what you said, is the most important source of income.