Securities companies-provide investors with channels to buy and sell stocks.
As an ordinary investor, in fact, it is the securities companies that have the most contact. We open an account with a securities company and buy and sell stocks through their intermediary. In fact, the positioning of securities companies in the stock market is very similar to that of a department store, which is convenient for consumers to buy and sell. So you can go to the securities company next door to your house to watch the sale, instead of going to the stock exchange to trade in person!
So, can all securities companies help investors buy and sell stocks? -No, ordinary investors must buy and sell stocks through securities companies, but it does not mean that all securities companies are engaged in the business of stock trading intermediary.
What are the types of securities companies? 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.