What do the "light business department" and "new business department" of securities companies mean?

The new business department is also called "light business department" or "innovation business department" in some news reports. The new business department is a special, flexible and freely established business department. Whether it is called "light business department" or "innovation business department", it is an unprecedented new business department.

According to the Information Technology Guidelines for Securities Business Departments of Securities Companies issued by China Securities Association in February, 20 12, the securities business departments are divided into three categories: A, B and C, among which Class A business departments are general traditional business departments, providing on-site trading services; Class B business department provides some on-site transaction services; Class C business department does not provide on-site trading services, nor does it need to be equipped with corresponding computer room equipment. The Guidelines explain: "Mode C: the business premises are not equipped with information systems related to on-site transaction services and do not provide on-site transaction services", and Mode C is understood as a "new business department" because it has the following new features:

First, there is no need for a computer room, but the operation and maintenance of the information system can be outsourced;

Second, there are no hardware system services such as computers;

Third, the business department does not provide on-site trading services;

Fourth, the office space is not limited, and the general storefront space is small;

Fifth, the staffing is small.