After the listing of Shuangchuang Board, Shuangchuang enterprises can complete equity and debt financing on it. Moreover, it can be listed and displayed after institutional recommendation and CSI quotation review. While the return on capital of GEM and traditional industries in science and technology innovation board is declining, the return on investment will be even lower if insurance institutions do not participate in investment in emerging industries. Due to the change of environment, the double-creation board has been produced.
Securities are the general name of all kinds of economic rights and interests certificates, and also refer to specialized products, which are legal certificates used to prove that the holder enjoys certain rights and interests.
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 property market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options and interest rate futures.
Broadly speaking, securities can be divided into two categories: valuable securities and priceless securities according to whether they can bring benefits to users.
Marketable securities refer to securities that cannot bring benefits to users. Including certificate securities and title securities. Voucher securities, also known as evidence securities, are documents that specifically prove certain facts, such as IOUs, receipts, tickets, etc. , generally not marketable. Ownership securities refer to securities that prove that the holder is the legal owner of a certain power, such as land ownership certificates.
Securities is a kind of securities, that is, its essence is still a trading contract or contract, but it is different from other securities. It has the following characteristics: any securities have a certain face value, any securities can be freely transferred, any securities have their own prices, and any securities can bring certain benefits to their holders in the future.
The development process from "paper securities" to "paperless securities" reveals the great differences between modern securities concepts and traditional securities concepts.
Securities can be classified according to different standards. According to the issuer, it can be divided into government securities, financial securities and enterprise securities. According to listing or not, it can be divided into listed securities and unlisted securities.
The contents of securities can be divided into:
Monetary securities that can be used instead of money are commercial credit tools, which are mainly used for commodity transactions between enterprises, payment of labor remuneration, clearing of creditor's rights and debts, etc. Common ones include promissory notes, money orders, promissory notes and checks.
Capital security refers to the written documents of capital investment or capital supply to enterprises or countries. capital security mainly includes equity securities (ownership securities) and debt securities, such as various stocks and bonds.
Goods marketable securities (commodity marketable securities) refer to the certificate of the right to take delivery, which proves that the holder of marketable securities can take delivery of the goods listed in marketable securities, such as warehouse receipts, shipping documents, bills of lading, etc.