(2) Securities investment consultation;
(3) Financial advisers related to securities trading and securities investment activities;
(4) Securities underwriting and sponsorship.
(5) Self-operated securities.
(6) Management of securities assets;
(7) Other securities businesses.
The minimum registered capital of a securities company engaged in the above-mentioned (1) to (3) businesses is RMB 50 million; The minimum registered capital for those who engage in one of the business items (4) to (7) is 65.438 billion yuan; If two or more businesses in items (4) to (7) are engaged, the minimum registered capital shall be RMB 500 million. Its registered capital must be paid-in capital.
Business rules
1, business risk isolation system
Article 136 of the Securities Law stipulates that a securities company shall establish and improve its internal control system and take effective isolation measures to prevent conflicts of interest between the company and its customers. Securities companies must engage in securities brokerage business, securities underwriting business, securities proprietary business and securities assets business respectively, and may not operate in a mixed way.
2. Securities proprietary rules
Article 137 of the Securities Law stipulates that the self-operated business of a securities company must be carried out in its own name and not in the name of others or individuals. Securities companies must use their own funds and funds raised according to law for their own business. A securities company may not lend its proprietary account to others for use.
3. Self-management right
Article 138 of the Securities Law stipulates that securities companies have the right to operate independently according to law, and their legitimate operations are free from interference.
4. Customer fund management
Article 139 of the Securities Law stipulates that the transaction settlement funds of clients of securities companies shall be deposited in commercial banks and managed in the name of each client. Specific measures and implementation steps shall be formulated by the State Council. A securities company shall not classify the trading settlement funds and securities of its clients into its own property. It is forbidden for any unit or individual to misappropriate customers' trading settlement funds and securities in any form. When a securities company goes bankrupt or liquidates, the customer's transaction settlement funds and securities do not belong to its bankruptcy property or liquidation property. Except for the customer's own debts or other circumstances stipulated by law, the customer's transaction settlement funds and securities shall not be sealed up, frozen, deducted or enforced.
5. Setting and saving of power of attorney
Article 140 of the Securities Law stipulates that a securities company shall make a unified power of attorney for securities trading for customers to use when handling brokerage business. If other entrustment methods are adopted, entrustment records must be made. The customer's securities transaction records, whether the transaction is completed or not, shall be kept in the securities company within the prescribed time limit.
6. Requirements for handling entrusted matters
Article 14 1 of the Securities Law stipulates that when a securities company accepts the entrustment of securities trading, it shall act as an agent to buy and sell securities according to the name, quantity, bidding method and price range of the securities specified in the power of attorney and the trading rules, and truthfully record the trading situation; After the transaction is completed, the securities company shall make a transaction report and deliver it to the customer in accordance with the regulations. In securities trading, the statement confirming the trading behavior and trading results must be true, and the auditors other than the transaction handling personnel shall audit one by one to ensure that the balance of the book securities is consistent with the securities actually held.
7. It is forbidden to accept the carte blanche of customers.
Article 143 of the Securities Law stipulates that a securities company shall not accept the full authorization of its customers to decide on the trading, types, quantity or price of securities.
8. It is forbidden to promise customers income or remuneration.
Article 144 of the Securities Law stipulates that a securities company shall not make a commitment to its clients' gains from securities trading in any way, nor shall it compensate the losses from securities trading.
9. It is forbidden to accept the entrustment of customers without permission.
Article 145 of the Securities Law stipulates that securities companies and their employees have to privately accept the entrustment of customers to buy and sell securities through their legally established business premises.
10, the responsibility of securities companies
Article 146 of the Securities Law stipulates that if the employees of a securities company execute the instructions of the securities company they belong to or use their positions to violate the trading rules in securities trading activities, the securities company they belong to shall bear all the responsibilities.
1 1, data saving
Article 147 of the Securities Law stipulates that a securities company shall properly keep the customer's account opening information, entrustment records, transaction records and various materials related to internal management and business operation, and no one may conceal, forge, tamper with or destroy them. The storage period of the above materials shall not be less than 20 years.
12, provision and requirements of information and materials, securities regulatory agencies.
Article 148 of the Securities Law stipulates that a securities company shall submit business, financial and other management information and materials to the securities regulatory authority in the State Council as required. The State Council securities regulatory authority has the right to require securities companies, their shareholders and actual controllers to provide relevant information and materials within the prescribed time limit. The information and materials submitted or provided by securities companies, their shareholders and actual controllers to the State Council securities regulatory authority must be true, accurate and complete.
13, audit and evaluation
Article 149 of the Securities Law stipulates that the State Council securities regulatory authority may entrust an accounting firm and an asset appraisal institution to audit or evaluate the financial status, internal control status and asset value of a securities company when it deems it necessary. The specific measures shall be formulated by the the State Council Securities Regulatory Authority in conjunction with the relevant competent departments.