What is a securities company?

A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.

Conditions for establishing a securities company:

(1) It has articles of association that comply with laws and administrative regulations.

(2) The major shareholders are profitable continuously, have a good reputation, have no record of major violations of laws and regulations within three years, and have net assets of not less than 200 million yuan.

(3) Having a registered capital that meets the requirements of this Law; The professional financial management team of Huaan Securities Company.

(4) Directors, supervisors and senior managers are qualified to hold posts, and employees are qualified to engage in securities business.

(5) Having a sound risk management and internal control system.

(6) Having qualified business premises and business facilities.

(seven) other conditions stipulated by laws and administrative regulations and the State Council Securities Regulatory Authority approved by the State Council.