1, new york Stock Exchange
Its history can be traced back to 1792. This is an important stock exchange in the world. It is located at Broadway 18, new york, NY, USA. Many large international companies are listed here, with a market value of over $300 billion.
2. Nasdaq Stock Exchange
The world's most famous technology stock exchange is located in the United States, and it is also the world's first electronic trading market established by Washington.
This kind of communication is very famous and active. Almost half of the securities transactions in the United States are conducted here every day, while China enterprises such as Alibaba, Baidu and JD.COM are listed here, with a market value of more than $65.438 billion.
3. London Stock Exchange
Founded in 1773, the most international financial center in the world, this exchange can be said to be the strongest stock market in the world, accepting more than two-thirds of international stock underwriting business. The market value exceeds $3 trillion.
4. Tokyo Stock Exchange
The largest stock exchange in Asia, although it has a short history of development, is one of the largest securities trading centers in the world, with a current market value of more than 5 trillion US dollars.
5. Shanghai Stock Exchange
Established in 1990, it is one of the two major stock exchanges in Chinese mainland. Although it started late, it has developed very rapidly, and its current market value exceeds 4 trillion US dollars.
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.
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, rights securitization. It is a legal phenomenon in the form of securities in the way and process of rights holders exercising their rights, a social phenomenon of symbolization of investors' investment property, and a sign and result of developed social credit.
Securities must be associated with specific forms of expression. In the development of securities, the earliest basic way to commend securities rights is paper, and the specific rights are expressed in words or graphics on special paper.
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, paperless securities have appeared in modern society. Securities investors almost no longer own any securities in the form of physical coupons, and the number of securities they hold or the securities rights are recorded in the investor's account accordingly. The development process from "paper securities" to "paperless securities" reveals the great differences between modern securities concepts and traditional securities concepts.
As a written document commending certain civil rights, securities have the following basic characteristics:
1. Securities are certificates of title.
Securities are documents of rights with property value. In modern society, people are not satisfied with the direct possession, use, income and disposal of wealth, but pay more attention to the ultimate domination and control of wealth, and securities, a new form of property, came into being. Holding securities means that the holder has control over the property represented by securities, but this control is not direct control but indirect control.
2. Securities are negotiable certificates of rights.
The vitality of securities lies in their liquidity. Traditional civil rights always face many obstacles when they are transferred. As far as civil property rights are concerned, it is unnecessary in nature because it does not involve personality and identity, but its transfer is a complex civil act.
Frequently asked questions. A Chinese meaning and usage FAQ means "frequent