Securities institutions engaged in securities proprietary business must obtain the qualification of securities proprietary business recognized by China Securities Regulatory Commission, and obtain the Qualification Certificate for Operating Securities H Business issued by Zhongtong Securities Regulatory Commission. According to the Measures for the Administration of Securities Self-operated Business of Securities Institutions issued by China Securities Regulatory Commission, a securities institution applying to engage in securities business in the South shall meet the following conditions at the same time: (1) The net assets of a securities franchise institution (i.e. a securities company with legal personality established according to law) shall not be less than RMB 20 million, and the securities operating capital of a securities concurrent institution (i.e. a trust and investment company with legal personality established according to law) shall not be less than RMB 20 million. Securities operating funds refer to highly liquid funds specially used by securities operating institutions for securities business. (2) The net capital of the securities franchise institution shall not be less than RMB 654.38+million. The net working capital of a securities institution shall not be less than RMB 654.38+million. The calculation formula of net capital is: net capital = net assets-(long-term investment in net fixed assets) ×30%- intangible and deferred assets-provision for losses-other long-term or high-risk assets recognized by China Securities Regulatory Commission (III) More than two-thirds of senior managers and major business personnel have the necessary knowledge of securities, finance and law, are familiar with relevant business rules and operating procedures, and have no major violations of laws and regulations in recent two years, and must also have two. (4) The securities business institution has not seriously violated the existing laws in the last year, or has not been punished for canceling the qualification of self-operated securities business in the last two years. (5) A securities operating institution has been established and officially opened for more than half a year, and its securities business is operated and managed separately from other businesses. (6) There is no special computer declaration terminal and other necessary facilities for securities proprietary business; (seven) other conditions required by the China Securities Regulatory Commission. In order to standardize the self-operated business behavior of securities institutions, maintain the order of the securities market, reduce the risk of market operation and protect the legitimate rights and interests of investors. In the Measures for the Administration of Securities Proprietary Business of Securities Operating Institutions, the China Securities Regulatory Commission also clearly stipulates that securities operating institutions must separate securities proprietary business from securities brokerage business, and it is strictly forbidden to engage in insider trading, market manipulation, fraudulent customers and other acts in violation of relevant securities laws and regulations.