Holding shares by brokers means that brokers can have their own careers. In addition to ordinary brokerage business, brokers can buy some stocks themselves, that is, some financial management or collective asset management done by brokers themselves; At present, there are less than ten listed companies in China, such as CITIC Securities, Haitong Securities, Northeast Securities and Guoyuan Securities.
A securities company is a securities company. It refers to a limited liability company or a joint stock limited company which is established with the approval of the the State Council securities regulatory authority and is specialized in securities business in accordance with the provisions of the Company Law and the Securities Law, and has independent legal personality.