2, capital security, it refers to the written documents of capital invested in enterprises or capital supplied to enterprises or countries, capital security mainly includes equity securities (ownership securities) and debt securities, such as various stocks and bonds.
3. Goods marketable securities (commodity marketable securities) refer to the certificate of delivery right, which proves that the holder of marketable securities can withdraw the goods listed in marketable securities by virtue of marketable securities, such as warehouse receipts, shipping documents, bills of lading, etc.
Extended data:
Characteristics of securities trading
1, securities trading is a special kind of securities transfer.
It refers to the behavior of securities holders to transfer the ownership of securities to other investors according to the meaning of transfer and legal procedures, and its basic form is securities trading. In a broad sense, securities transfer also includes the act of transferring all or part of securities rights to others or setting up securities pledge according to specific legal facts.
The so-called transfer according to specific legal facts includes the transfer of securities rights due to gift, inheritance and merger of holders; The so-called pledge is the act of taking securities as debt guarantee in accordance with the provisions of the guarantee law. According to the provisions of Article 30 of the Securities Law, securities trading mainly refers to buying and selling securities, that is, the transfer behavior according to the meaning of transferring securities rights.
2. Securities trading is the basic form to reflect the liquidity of securities.
Liquidity is the basis to ensure that securities become basic financing tools. After the issuance of securities, securities become investors' investment objects and investment tools, which endows securities with liquidity and makes it convenient for securities investors to enter or exit the securities market.
The liquidity of different securities is different. The shares issued and listed by a joint-stock company according to law can be freely transferred according to the trading rules stipulated by the stock exchange, and the shares held by promoters and other senior managers of the company cannot be transferred within the statutory time limit, which affects the liquidity of state shares and legal person shares.
3. The transfer of securities must be completed with the help of the stock exchange.
A stock exchange is a legally established place for securities trading, including a stock exchange for centralized trading and an intangible trading place for completing transactions according to agreements. The former, such as the internationally famous new york Stock Exchange, London Stock Exchange and Frankfurt Stock Exchange, and the Shanghai Stock Exchange and Shenzhen Stock Exchange in China also belong to centralized trading places.
The latter, such as NASTAQ in the United States and over-the-counter trading places in various countries, mainly include the original domestic STAQ and NET trading systems.
4. Securities trading shall comply with the corresponding trading rules.
In order to ensure the security and rapidity of securities trading and maintain the stability and development of the capital market, China has promulgated and formulated a series of laws and regulations. The Securities Law is a special law to regulate securities trading, and the Company Law also provides for the transfer of stocks and corporate bonds in principle. As a general legal norm to adjust the trading relationship, contract law is also applicable to the adjustment of securities trading relationship.
Other laws and regulations such as General Principles of Civil Law, Banking Law, Insurance Law and Criminal Law also directly or indirectly regulate the securities trading relationship. The self-regulatory norms promulgated by the stock exchange are also legally binding.
Baidu encyclopedia-securities trading
Baidu encyclopedia-securities