To establish a brokerage company, an application for registration must be made to the registration authority in accordance with the conditions and procedures stipulated in the Company Law, and a Business License for Enterprise as a Legal Person shall be issued upon approval by the administrative department for industry and commerce.
A brokerage company that has obtained the qualification of an enterprise legal person shall, in its own name, undertake the entrustment of customers, carry out intermediary activities and bear civil liability with its registered capital. In market economy activities, brokerage companies generally include business activities such as collecting information, acting as agents, business negotiations, and ensuring contract performance.
Brokerage companies can be divided into professional brokerage companies according to their business scope.