Brokerage refers to

Simply put, a securities company is what we often call a securities company, that is, a limited liability company or a joint stock limited company specializing in securities business. Such companies are generally divided into two types: securities operating institutions and securities registration companies. Among them, securities management companies are commonly known as brokers. If subdivided, brokers can be subdivided into securities brokers, securities dealers and securities underwriters according to their functions.

Because brokers themselves are similar to intermediaries, the state gives them a rating in management, which is divided into five categories: A(AAA, AA, A), B(BBB, BB, B), C(CCC, CC, C), D and E, and 1 1 rating.

Generally, securities companies belonging to Class A, B and C indicate that the risk management level is normal, and the rest are more or less problematic. Obviously, if it belongs to Class D, the potential risks of securities companies are beyond the company's tolerance. E-level means that the securities company has taken risk disposal measures according to law. The differences of these grades and categories divide the risk management ability of securities companies.

: brokerage business

1 brokerage business. Acting as an agent to buy and sell securities in Shanghai and Shenzhen stock markets. Investors must open accounts with securities companies and use the trading channels provided by securities companies to conduct securities transactions with the exchange. Securities companies charge service commissions.

2. Self-operated business. Using the talent advantage, information advantage and market experience of securities companies to invest and operate with their own funds.

3 Asset management business. Short for asset management business. By virtue of many advantages of securities companies in investment, they provide investment services to customers, that is, help customers manage their finances and earn financial management service fees from them, and customers who lose money bear their own risks. Its representatives are all kinds of financial products provided by securities companies.

4. Margin trading. Lend money to customers to buy securities or sell securities to customers, and charge customers a service fee.

5IB business. That is, agent futures business.

6. Issuance and underwriting business. The shares of joint-stock companies need the guidance and recommendation of securities companies to go public, which involves very professional financial services. Can only rely on the services of securities companies. After listing, help joint-stock companies underwrite in the primary and secondary markets.

7 equity mortgage. You can make a certain scale of equity pledge loans.