What is the difference between a securities registration company and a securities company? What's the difference between a stock exchange and a securities company? These three companies are very simil

What is the difference between a securities registration company and a securities company? What's the difference between a stock exchange and a securities company? These three companies are very similar in business. 1. The securities registration company is responsible for securities registration and settlement. On March 30th, 20001year, according to the requirements of the Securities Law on centralized and unified operation of securities registration and settlement, China Clearing was established with the consent of the State Council and the approval of China Securities Regulatory Commission. In September of the same year, China Clearing Shanghai and Shenzhen branches were formally established. From 200 1, 1 and1,China Clearing undertook all the registration and settlement businesses originally affiliated to the Shanghai and Shenzhen Stock Exchanges, marking the basic formation of a centralized and unified organizational structure of the securities registration and settlement system in China.

2. A stock exchange is a tangible place for centralized securities trading, which is established with the approval of the competent securities department of the government according to the relevant national laws. There are four in China: Shanghai Stock Exchange and Shenzhen Stock Exchange, Hong Kong Stock Exchange and Taiwan Stock Exchange.

3. A securities company is a legal person enterprise specializing in securities trading. Divided into securities management companies and securities registration companies. Great Wall Securities Symbol A securities company in a narrow sense refers to a securities business company, which is an institution that specializes in securities business with the approval of the competent authority and after obtaining a business license from the relevant administrative department for industry and commerce. 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.