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 management company approved by the competent authority and recognized by the competent authority.
An institution that has obtained a business license with the approval of the administrative department for industry and commerce and specializes in securities business. 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.
In different countries, securities companies have different names. In the United States, securities companies are called investment banks or broker-dealers. ; In Britain, securities companies are called commercial banks); ; In continental Europe (represented by Germany), because of the mixed operation system, investment banks are only a part of universal banks. In East Asia (represented by Japan), it is called a securities company.