What are the innovative businesses of securities firms?

The traditional brokerage business is transforming into wealth management: at present, the financial products that brokers can provide cover money market, capital market, bond market, industry, PE and futures, which greatly entrust the wealth appreciation channels of residents.

Intermediary business represented by credit business: credit business and comprehensive financial business refer to the business in which securities companies lend funds to customers for purchasing securities or issuing securities for them to sell securities. Margin trading can be divided into two types: margin trading and margin trading. Customers borrow money from securities companies to buy securities, which is called margin financing and securities lending, and customers sell them to securities companies, which is called margin financing and securities lending.

Private debt of small and medium-sized enterprises: Judging from the underwriting situation of private debt of small and medium-sized enterprises, only three of the top ten lead underwriters with total underwriting amount belong to large brokers, and the rest are medium-sized brokers, especially local brokers, which have special advantages in private debt of small and medium-sized enterprises, such as soochow securities, Qilu Securities, Zheshang Securities and Huachuang Securities.

Asset securitization: referred to as ABS for short, refers to the business activity of issuing asset-backed securities in a structured way with the cash flow generated by specific basic assets or asset portfolios as repayment support and credit enhancement. With the encouragement and strong support of the state, this business has developed rapidly, and the model represented by asset securitization of PPP projects has been continuously introduced.