Are all securities companies state-owned? Is there no private enterprise?

State-owned enterprises are classified according to the nature of ownership, while companies are defined from the perspective of responsibility forms, and companies generally have no ownership. 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.

classify

Judging from the functions of securities companies, it can be divided into:

bill broker

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.

Securities dealer

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

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.

In addition, some certified innovative securities companies also have the authority to create warrants, such as CITIC Securities.

A securities registration company is a service organization for centralized registration and transfer of securities. It is an indispensable part of securities trading and has the nature of administrative management. It must be examined and approved by the competent authority before it can be established.

trait

1, most of which are state-controlled 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.

Legal basis:

According to the Securities Law of People's Republic of China (PRC)

Article 124 To establish a securities company, the following conditions shall be met:

(1) Having articles of association that comply with the provisions of 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 in the last three years, and have net assets of not less than 200 million yuan;

(3) Having a registered capital that meets 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, administrative regulations and the State Council securities regulatory agency approved by the State Council.