Brokerage firms mainly make money through the following channels: 1. Brokerage investors go to a brokerage firm to open a securities account, and the commission rate agreed with the brokerage firm, for example, is 30,000% of the transaction volume. Investors will pay this when buying and selling stocks.

The rate charges a fee, part of which goes to the exchange and part to the brokerage.

2. If an asset management plan raises funds from specific clients or accepts property entrustment from specific clients to serve as asset managers, securities firms will need to charge certain management fees.

3. For customers with margin financing and securities lending business whose assets exceed RMB 500,000, the fees incurred by borrowing money or stocks from securities companies are generally higher.

4. Investment banking business conducts securities underwriting business, that is, the underwriter when a listed company issues stocks, and earns a certain amount of underwriting fees.

5. The self-operated business is to earn price differences by buying and selling stocks in the secondary market, issuing funds, and investors purchase investment consulting services from securities companies.

6. Remaining funds in customer accounts After investors conduct stock transactions, there are still funds left in the capital account. The securities firm provides financial management channels for this part of the funds and earns a certain amount of interest.

7. Equity pledge: When a company is short of money, it pledges part of its equity to a securities company, and then redeems it when it has money. The redemption fee is relatively high, and it serves as part of the securities company's income.

Warm reminder: 1. The above explanation is for reference only and does not make any suggestions.

2. There are risks in entering the market, so investment needs to be cautious.

Response time: 2020-08-25. For the latest business changes, please refer to the official website of Ping An Bank.