Securities companies are state-owned companies and state-owned holding enterprises. A securities company is a legal person enterprise specializing in securities trading. Divided into securities management companies and securities registration companies. In a narrow sense, a securities company refers to a securities business company, which is an institution that specializes in securities business after being approved by the competent authority and obtaining a business license from the relevant administrative department for industry and commerce of the securities company. Having the membership of a stock exchange, you can underwrite the issuance, self-management or agent trading of securities. Ordinary investors must invest in securities through securities companies.
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I. Characteristics of securities companies:
1. Most of them are state-owned holding enterprises, and the gift of assets must comply with the relevant regulations of the state-owned assets management department;
2. Most of them are unlisted companies with limited share circulation and no market price, but they have listing plans, which can meet the relevant regulations of listed companies. Therefore, stock options and employee stock ownership are more suitable for Chinese securities companies.
Second, domestic securities companies are mostly state-owned enterprises, and most of them are state-owned holding enterprises. The gift of assets must comply with the relevant provisions of the state-owned assets management department. Securities companies started later than other financial institutions, and all of them gradually developed from local to national securities companies.
A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.
Three. Conditions for establishing a securities company:
(1) Having articles of association that comply with laws and administrative regulations;
(2) The major shareholders are profitable continuously, have a good reputation, have no record of major violations of laws and regulations within three years, and have net assets of not less than 200 million yuan;
(3) Having a registered capital and a professional financial management team that meet the requirements of this Law.
(4) The directors, supervisors and senior managers are qualified for the post, and the employees are qualified for securities business;
(5) Having a sound risk management and internal control system;
(6) Having qualified business premises and business facilities;
(seven) other conditions stipulated by laws and administrative regulations and the State Council Securities Regulatory Authority approved by the State Council.