What are the state-owned securities companies?

State-owned securities companies include Galaxy Securities, CITIC Securities, Haitong Securities, China Merchants Securities and Guo Xin Securities. 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. The role of securities companies:

1, a securities broker, that is, a securities company that helps investors buy and sell stocks.

2. Securities underwriters help enterprises to go public and issue shares. If investors want to buy new shares issued by the company, they must find this type of securities company.

3. Like ordinary investors, securities firms are also buyers and sellers of stocks. Generally known as legal persons, one of which is a securities firm.

Securities companies are divided into five categories: A(AAA, AA, A), B(BBB, BB, B), C(CCC, CC, C), D and E, with the level of 1 1. Companies at all levels in categories A, B and C are normal operating companies, and the division of their categories and levels only reflects the relative level of their risk management capabilities in the industry. Class D and E companies are companies whose potential risks may exceed the company's tolerable range and take risk disposal measures according to law.

There are both state-owned and private securities companies in China, and they can be established as long as they meet the criteria for the establishment of securities companies. The establishment and operation of securities companies need to operate in accordance with the requirements stipulated by laws and regulations.

To establish a securities company according to Article 124 of the Securities Law of People's Republic of China (PRC), the following conditions shall be met:

(1) Having articles of association that comply with the provisions of 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 in the last 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;

(4) The directors, supervisors and senior managers are qualified for the post, and the employees are qualified for 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, administrative regulations and the State Council securities regulatory agency approved by the State Council.