Do securities companies belong to financial institutions?
Securities companies are financial institutions. Financial institutions refer to organizations mainly engaged in monetary and credit activities. According to their status and functions, financial institutions in China can be divided into the following four categories:
1. Central Bank: China People's Bank;
2. Banks: including policy banks, commercial banks and village banks;
3. Non-bank financial institutions: mainly including state-owned and joint-stock insurance companies, urban and rural credit cooperatives, investment banks, finance companies, etc. ;
4. Foreign-funded enterprises, overseas Chinese and Chinese-foreign cooperative financial institutions established in China.
What is the main business of securities companies?
1. Securities broker: Also known as "buying and selling securities as an agent", it is a business in which a securities company accepts the entrustment of users to trade securities on its behalf, and then the securities company deducts a certain percentage of commission from it. Securities brokerage business is divided into counter and trading agent securities business through stock exchanges, and China's securities companies mainly focus on trading agent securities business;
2. Securities investment consulting: refers to the direct or indirect paid consulting activities that institutions or their consultants provide users with securities investment analysis and prediction;
3. Securities investment consultant: this is also to provide users with investment consulting services related to securities product categories, and to assist users in making investment decisions, including type selection, investment portfolio, financial planning, etc.
4. Issuing securities investigation report: This is the act of analyzing the value, market trend or related influencing factors of securities and securities-related products, generating investment analysis such as securities valuation and investment rating, making securities investigation report and releasing it to users.
What is a securities company?
The securities company itself is a brokerage firm, and the two are the same. This refers to a limited liability company or a joint stock limited company that operates securities business with the permission of the securities regulatory agency in accordance with the requirements of the Company Law and the Securities Law. Essentially, it refers to the agencies of Shanghai Stock Exchange and Shenzhen Stock Exchange.
This article mainly writes about whether a securities company is a financial institution, and the content is for reference only.