1. According to the functions of securities companies, it can be divided into:
Securities broker of securities company
That is, the securities brokerage company. Securities institutions that buy and sell securities accept the entrustment of investors to buy and sell securities on their behalf, and charge a certain commission, such as Soochow Securities Suzhou Sales Department and jianghai securities Brokerage Company.
A securities dealer of a securities company
That is, comprehensive securities companies, in addition to the authority of securities brokerage companies, can also buy and sell securities by themselves. They are well-funded and can directly enter the exchange to buy and sell stocks for themselves. Such as Guotai Junan Securities.
Securities underwriter of a securities company
An institution that helps issuers sell securities by underwriting or consignment. In fact, many securities companies operate these three businesses at the same time. According to the current practice in various countries, all member companies of a stock exchange can conduct proprietary trading in the trading market, but few securities companies specialize in proprietary trading.
2. At present, most domestic securities companies are controlled by 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.
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.