According to Baidu Encyclopedia, the liquidity risk of securities companies mainly comes from financial management on behalf of customers, self-operated securities business, underwriting of new shares (securities) issuance and placement, and customer credit transactions, which are mainly manifested in two types of liquidity risk.
Liquidity risk of securities companies refers to the risk that securities companies can't get enough funds in time at a reasonable cost to pay due debts, fulfill other payment obligations and meet the capital needs of normal business development.