A securities company is a legal person enterprise specializing in securities trading. Divided into securities management companies and securities registration companies. In a narrow sense, a securities company refers to a securities business company, which is an institution that specializes in securities business after being approved by the competent authority and obtaining a business license from the relevant administrative department for industry and commerce. Having the membership of a stock exchange, you can underwrite the issuance, self-management or agent trading of securities. Ordinary investors must invest in securities through securities companies.
People's Republic of China (PRC) Securities Law
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This Law shall apply to the issuance and trading of stocks, corporate bonds, depositary receipts and other securities legally recognized by the State Council within the territory of People's Republic of China (PRC); Matters not covered by this Law shall be governed by the Company Law of People's Republic of China (PRC) and other laws and administrative regulations.
This Law shall apply to the listing and trading of government bonds and securities investment fund shares; Where other laws and administrative regulations provide otherwise, such provisions shall prevail.
Measures for the administration of issuance and trading of asset-backed securities and asset management products shall be formulated by the State Council in accordance with the principles of this Law.
Securities issuance and trading activities inside and outside People's Republic of China (PRC), which disturb the market order in People's Republic of China (PRC) and damage the legitimate rights and interests of domestic investors, shall be handled in accordance with the relevant provisions of this Law, and legal responsibilities shall be investigated.