What is AA-level brokerage?

We need to open an account through a brokerage firm, and many people are most concerned about the handling fee when opening an account. In fact, brokers are also hierarchical. China's securities firms are divided into five categories: A(AAA, AA, A), B(BBB, BB, B), C(CCC, CC, C), D, E, 1 1 level.

What is AA-level brokerage?

According to the classification results of securities companies in 2020 announced by the CSRC on August 26th, there are 15 AA securities companies in China, namely Anxin Securities, Everbright Securities, Guo Jin Securities, Guotai Junan, Guo Xin Securities, Huatai Securities, Ping An Securities, Shenwan Hongyuan, Galaxy Securities, China Merchants Securities, CICC, Zhongtai Securities, CITIC Jiantou and CITIC Securities.

Is it true that the higher the level of a securities company, the higher the level? In fact, the classification of securities firms only reflects the relative level of the company's business activities in the industry that is compatible with its risk management ability and compliance management level. For individual investors, high-rated brokers are less likely to have risk events. However, the rating does not represent the comprehensive service level of brokers, as long as it is not D and E, it can be traded normally.