Shenwan Securities Company is very big. The first brokerage firm was Huatai Securities, which was established in 1990. It is a double-A-level brokerage firm and one of the earliest brokers in China to obtain the qualification of innovation pilot. The sixth is Shen Wan Hongyuan, founded in 20 15, a double A-level brokerage firm. According to the data of February 20 18, the turnover of Shenwan Hongyuan stock fund was 759.02 billion yuan, ranking sixth among brokers in market share.

The role of coil dealer

Securities companies play an important role in establishing a stock issuance registration system with information disclosure as the core. The implementation of the stock issuance registration system is the basic reform of China's capital market, which is to make a reasonable valuation of listed companies through the capital market and play a decisive role in resource allocation.

Under the examination and approval system, as sponsors and underwriting institutions, securities companies have not experienced the baptism of marketization. In order to meet the requirements of the registration system reform, securities companies are waiting to establish and improve the stock sponsorship and underwriting system and business management mechanism under the registration system.