What is direct investment? Direct investment refers to investing in the equity of a non-public offering company, and the investment income will be realized by selling the equity when the enterprise goes public or merges. Previously, brokers could only use their own funds for direct investment business, and the upper limit of their own funds was 15% of the net capital of securities companies. This regulation limits the registered capital of direct investment subsidiaries of most securities companies to 654.38 billion yuan, which objectively limits their business development.