1. trades financial assets on behalf of customers and provides settlement services for financial transactions.
2. Self-operated financial assets to meet customers' needs for different financial assets.
3. Help customers create financial assets and sell them to other market participants.
4. Provide investment advice to customers, keep financial assets and manage customers' investment portfolios.
Extended data
On July 27th, 20 19, the People's Bank of China, together with the relevant departments, drafted the Trial Measures for Supervision and Management of Financial Holding Companies (Draft for Comment), which was officially open to the public for comments.
In recent years, China's financial holding companies have developed rapidly, but some financial holding companies, mainly those invested by non-financial enterprises, blindly expand into the financial industry, and there is a regulatory vacuum, and risks are constantly accumulating and exposed.
The relevant person in charge of the central bank said that the risks mainly include the following points:
First, the risk isolation mechanism is lacking, and financial risks and industrial risks are cross-transmitted;
Second, some enterprises have complex control or interest relations and strong hidden risks;
Third, there is a lack of overall capital constraints, and some groups as a whole lack real capital to resist risks;
Four, some enterprises improperly interfere with the operation of financial institutions, using related party transactions to conceal the interests of financial institutions and investors.
Baidu encyclopedia-financial institutions
China Economic Net-Financial Holding Company will face strict supervision.