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How to find the annual report of listed companies in official website of the stock exchange
(Baidu browser, version 13...1) directly logs on the website of the exchange and inquires in the stock announcement.

1. Securities refer to a variety of economic rights and interests certificates, and also refer to specialized products, which are legal certificates used to prove certain rights and interests enjoyed by ticket holders.

2. 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.

third, securities are essentially civil rights with property attributes. The characteristics of securities are that civil rights are embodied in securities, so that rights are combined with securities, and rights are embodied in securities, that is, securitization of rights. It is a legal phenomenon in the form of securities in the way and process of the obligee exercising his rights, a social phenomenon of symbolization of investors' investment property, and a sign and result of developed social credit.

fourth, securities must be associated with a specific form of expression. In the development of securities, the earliest basic way to commend securities rights is paper, and the specific rights are expressed by words or graphics on special paper sheets.

5. Therefore, securities are also called "documentary evidence" and "documentary evidence". However, with the rapid development of economy, especially the development of electronic technology and information network, there is a "paperless" securities in modern society. Securities investors almost no longer own any securities in the form of physical coupons, and the number of securities or securities rights they hold are recorded in the investor's account accordingly. The development process from "paper-based securities" to "paperless securities" reveals the great difference between modern securities concepts and traditional securities concepts.

VI. The vitality of securities lies in their liquidity. Traditional civil rights always face many obstacles in transfer. As far as civil property rights are concerned, it is not necessary in nature because it does not involve personality and identity, but its transfer is a complex civil act.

VII. The ultimate goal of securities holders is to obtain income, which is the direct motivation for securities holders to invest in securities. On the one hand, securities itself is a kind of property right, which reflects a specific property right, and securities holders can obtain benefits by exercising this property right, such as dividend income (stocks) or interest income (bonds); On the other hand, the holders of securities can gain profits by transferring securities, such as buying at a low price and selling at a high price in the secondary market, and they can gain profits through the price difference, especially speculative gains.