1. China's securities firms refer to securities companies that can only engage in a single brokerage business.
2. Comprehensive securities companies refer to securities companies that can engage in securities brokerage business, securities proprietary business, securities underwriting business and other securities businesses with the approval of the State Council Securities Regulatory Authority.
Second, the registered capital is different
1. Brokerage securities companies: The minimum registered capital of brokerage securities companies is RMB 50 million. Brokerage securities companies generally have weak capital strength and small business scale.
2. Comprehensive securities companies: the registered capital is not less than 500 million yuan.
Extended data
Prohibited acts in securities brokerage business:
1. It is forbidden to provide margin financing and securities lending for customers' stock subscription and trading and engage in credit transactions;
2. Do not misappropriate clients' trading settlement funds and securities, and do not lend clients' funds and securities to others or use them as collateral;
3. Do not occupy or damage the legitimate rights and interests of customers;
4. Do not buy or sell securities against customers' instructions or accept full authorization to decide the direction, variety, quantity and time of securities trading on behalf of customers;
5. Do not guarantee the trading income or promise to compensate the investment loss of customers in any way;
6. Don't induce customers to buy and sell securities unnecessarily in order to get more commission.
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