To set or to prove the value of certain rights or credentials. Securities, and securities are priceless. The former represents a certain property ownership, debt or currency ownership, such as stocks, public bonds, corporate bonds, warehouse receipts, bills of lading, promissory notes, drafts, etc., usually in the circulation and transfer under certain conditions. The latter is often insufficient supply of goods in the market, the country in order to ensure the basic needs of the residents issued ration tickets, such as food stamps, cloth votes, oil tickets.
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zhèng quàn
Show that the relationship between asset ownership or claim a certificate. Can be used as the subject of the transaction. Such as stocks, government bonds, corporate bonds etc are
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No. 3
Said the currency, capital, goods and other valuables have certain rights credentials. Such as stocks, bonds.
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Securities phonetic
zhengquan Securities are all kinds of property ownership or debt certificates known, is used to prove the security holders the right under the coupon surface rights to the contents of the corresponding certificate. According to the different nature of the evidence can be divided into securities securities securities and securities certificates. People often say that the securities portfolio. Portfolio has a face amount of a show that bond holders have the right to obtain a certain income on schedule, will be freely transferable and trading of certificates of ownership or claims. Money, stamps, revenue stamps, stocks, bonds, treasury bills, commercial paper, were against the bill, the bank certificates of deposit, etc., are securities. But the general market, said securities trading, securities laws should be specific to the securities owned by Fan, bank notes, stamps, revenue stamps, etc., not in the scope of. Securities transactions are limited to reduction in the Securities Act within the securities mentioned.
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The history of China's securities market
November 1984, China's first stock - shares of Shanghai Feile Audio-Visual company. January 1985, the Shanghai Industrial Co., Ltd. was established in extension, and all-stock funding to the community, becoming the first open to the public issue of shares collectively owned enterprises. September 26, 1986, New China's first stock transfer agents and securities firms - Industrial and Commercial Bank of China Shanghai Jing'an Trust and Investment Company announced the securities business of business, interruption of our country recover from 30 years of securities trading. November 14, 1986, Deng Xiaoping met with the New York Stock Exchange Chairman John. Er-lin, presented to the first of its shares - Feile Audio-Visual stock. May 1987, Shenzhen Development Bank shares issued to the public for the first time, becoming the first stock in Shenzhen. December 19, 1990, the Shanghai Stock Exchange was established. April 1991, authorized by the State Council People's Bank of China approved the establishment of the Shenzhen Stock Exchange, officially opened July 3. July 11, 1991, the Shanghai Stock Exchange, the introduction of stock account, and gradually replace the shareholders name card. July 15, 1991, the Shanghai Stock Exchange, the Shanghai stock market to the public beginning 8 stock price changes index to accurately reflect the opening of the Shanghai Stock Exchange after the Shanghai stock market prices, the overall trend, as investors enter the market and engaged in the research important basis. August 28, 1991, the Securities Association of China was established in Beijing. October 31, 1991, China Southern Glass Co., Ltd. and Shenzhen Property Development (Group) Co., Ltd. to the public offering, this is the first issue of b shares of joint-stock enterprises. January 1992, a "stock option certificates," the ticket in the streets of Shanghai to the public on sale. Who would have thought that a subscription price of only 30 per card, changed the fate of many lives. Issuance of certificates of stock option symbol of a beginning of joint-stock reform of the stock market has now entered an unprecedented period of rapid growth. January 19, 1992, Deng Xiaoping visited Shenzhen for four days from now on, in the understanding of the Shenzhen stock market situation, he said: "Some people say the shares are capitalist, we are in Shanghai, Shenzhen, the first experiment a bit, the result proved to be successful , it seems something of capitalism, the socialist system can take over with, it does not matter if the wrong thing! wrong is closed, open it later, how can there be one hundred percent right thing. " January 13, 1992, the Industrial Real Estate Co., Ltd. shares on the Shanghai Stock Exchange, Shanghai Stock Exchange opened after it is the first new stock is the only publicly traded real estate stocks. February 2, 1992, Shanghai Shanghai Bank Securities Company and the Shanghai Textile Industrial Co., Ltd. signed an agreement jointly to issue the first joint venture in China stocks. February 21, 1992, the people of Shanghai Vacuum Electron Devices Co., Ltd. City special shares. This was the first of the b shares traded. March 2, 1992, the 1992 stock option card for the first time 摇号 ceremony. March 21, 1992, full liberalization of stock, to free auction. July 7, 1992, the Shenzhen stock suspension fields. August 10, 1992, Shenzhen IPO in 1992, sold lottery table, the table appeared draw millions of people snapping the scene and shocked the whole nation, "8.10 storm." August 11, 1992, the Shanghai stock market slumped for the first time in three days, the Shanghai index plunged more than 400 points. September 24, 1992, Vice Premier Zhu Rongji visited Shenzhen, said: "The stock market's confidence and determination to firm, Shenzhen and Shanghai stock exchange to accomplish the national center for national service." October 19, 1992, Shenzhen Baoan Enterprise (Group) Co., Ltd. warrants issued in 1992, issued a total 26,403,091. This is the first issue of warrants of listed companies. December 1992, distributed by the People's Bank of China Shanghai, Shanghai Academy of Social Sciences, the Shanghai Stock Exchange, Shanghai, the major specialized banks and securities companies, the joint editorial of the "Shanghai Securities Yearbook 1992" published by Shanghai People's Publishing House, China mainland First Yearbook of the securities. April 13, 1993, the Shenzhen Stock Exchange with the stock market means of satellite communications sent to the Beijing Asian Games Village in Beijing China Construction Bank Trust and Investment Corporation securities. Transmitted by satellite communications technology market in China is the first time. April 22, 1993, signed by Premier Li Peng, State Council Order No. 112, "Interim Regulations on stock issuance and transaction management" formally promulgated and implemented. May 3, 1993, the Shanghai Stock Index on the first day available. The Shanghai index is divided into industrial, commercial, real estate, utilities and integrated a total of five categories. May 5, 1993, China's first futures market regulations - "Interim Measures for Registration of Futures Brokerage Companies" by the State Administration of Industry announced. May 22, 1993, the State Council Securities Commission decided, staq and net corporate shares of the two systems to rectify the market to withhold approval of new corporate shares traded. June 1, 1993, Shanghai, Shenzhen Stock Exchange jointly developed the "Chinese stock index," the official information to all member companies and domestic and foreign media release, which is the process of development of securities markets in another "landmark." June 29, 1993, Tsingtao Brewery Co., Ltd. formal public listing in Hong Kong, mainland China's first state-owned enterprises listed in Hong Kong. July 7, 1993, the State Council Securities Commission issued "Interim Measures on Management Stock Exchange." Paper is divided into eight chapters, respectively on the Stock Exchange, the establishment, organization, activities, dissolution of the provisions of specific issues in detail. August 6, 1993, the Shanghai Stock Exchange, shares of all listed a _set_ of auction are used.
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Definition of securities
First: knowledge of the securities First, there is the meaning of the Securities Securities are all kinds of property ownership or debt certificates known, is used to prove the security holders the right to par according to the contents, relative to interest in obtaining the certificate. Therefore, the securities transaction is essentially a contract or contracts, the contract or contract to give the contract holder under the provisions of the contract, the subject of the contract to take the appropriate actions, and get right to the corresponding receipts. Second, the contents of the securities Kinds of securities trading is the essence of the contract, generally the main contents of the contract: the subject matter of the transaction parties to the contract, the quantity and quality of the underlying transaction price, the transaction subject matter of the time and location. Of course, if these elements applied to different specific securities, which provides the content is different. For example, contracts and futures contracts, forward contracts, the content is not the same requirement. Third, the classification of securities According to the different nature of the securities, the securities can be divided into evidence of securities, securities and securities certificates three categories. Evidence to prove the securities of a fact simply a written document, such as letters of credit, evidence of lading, etc.; certificate holder security is determined that a private right of legal rights and obligations of the holder of a valid written notes from documents such as deposit slips and so on. Securities portfolio is different from the two main features of the above can be transferable. Second: knowledge of securities First, the meaning of securities A portfolio of securities, that is, its essence is still a trading contract or contracts, but the difference with the other securities in that portfolio has the following characteristics: has a certain nominal value of any securities, any price of securities can be freely transferred, any securities have their own price, any securities to the holders can bring certain benefits in the future. Second, the classification of securities Securities can do different standards in different categories. Subject to division at the issue can be divided into government securities, financial securities and corporate securities. Listing or not, can be divided into listed securities and unlisted securities; the Securities contained in the content can be divided into: 1. Currency securities, can be used to replace the currency used in the commercial credit portfolio tool, mainly used for transactions between enterprises of goods, services, compensation payments and credit and debt liquidation, a common promissory notes, bills of exchange, promissory notes , checks and so on. 2. Capital Securities, which refers to the capital investment company or companies or countries to capital supply a written document, the capital securities comprise equity securities (stock ownership) and debt securities, such as a variety of stocks and a variety of bonds. 3. Cargo refers to cargo security is the right to extract evidence, it proves that security holders of the securities by the securities listed on the extraction of the goods, a common warehouse receipt, shipping certificate, bill of lading and so on. Third: Securities - stock trading for investors to provide access. We as ordinary investors, in fact, is the most contact with the securities company. We open an account in a securities company, but also through their intermediaries to buy and sell stocks. In fact, securities companies position in the stock market much like a department store, to facilitate consumers trading. So you can go next door to your house to read the tape of securities companies, trading, rather than personally went to the Stock Exchange it! So, all the securities companies can help investors trade center stock? - Not.
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Classification of securities
According to their different nature, the securities can be divided into two major categories of securities, and securities certificates. Certificate was priceless securities securities, including demand deposits alone, IOU, receipts and so on. Securities can be divided into the following three: (1) capital securities such as stocks, bonds, etc.; (2) currency securities, including bank notes, bank notes, etc.; (3) property securities, such as bills of lading, bills of lading, warehouse receipt and so on. Portfolio has a face amount of a show that bond holders have the right to obtain a certain income on schedule, will be freely transferable and trading of certificates of ownership or claims, often referred to as securities. Mainly in the form of two major categories of stocks and bonds. Which bonds can be divided into corporate bonds, bonds and real estate mortgage bonds. No value portfolio itself, but because it can bring some dividends for the holders or interest income, which can be freely traded in the stock market and circulation. Securities industry is engaged in securities issuance and trading services to specialized industries, the main business activities are securities demanders and suppliers to communicate directly linked, and provide services for both securities trading, prompting securities issuance and circulation and efficient manner and to maintain the securities market running order. Mainly by the stock exchanges, securities companies, securities associations and other financial institutions.
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Securities Investment
The door securities investment discipline focuses on the basic theory and knowledge, mainly related to securities investment tools, stock market and its operation, securities trading procedures and methods, risk and portfolio investment income, portfolio investment analysis and portfolio management and evaluation and so on.
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"Securities Act" in the "securities"
"Securities Act" in the "Securities" means the capital securities, which means that it is to prove that investors have requested the right to return the securities law. The portfolio has the following characteristics: Profitability of the first, securities law. Securities investment securities investors, and its purpose is to get certain benefits, otherwise, it will not in the form of capital investment in securities, of course, the proceeds of the securities of an investment does not mean investors will be able to get the expected benefits law. Second, securities risks. Capital Securities of any securities may have poor management of those stock market to fall, or difficult to achieve the purpose of the expected return method. Realization of the third, securities law. Holders of securities held by the securities law by itself convey to recover their principal form of law. Fourth, securities of the participatory method. Securities, equity participation is reflected in terms of the relationship between stock, and is the holder of the securities according to the issuer of securities held in production and business activities method. Fifth, securities to price paradox of law. The face value of securities and stock market prices are not exactly the same method.
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Definition of securities
First, the meaning of securities Securities are all kinds of property ownership or debt certificates known, is used to prove the security holders the right to par according to the contents, to obtain evidence relevant interests. Therefore, the securities transaction is essentially a contract or contracts, the contract or contract to give the contract holder under the provisions of the contract, the subject of the contract to take the appropriate actions, and get right to the corresponding receipts. Second, the contents of the securities Kinds of securities trading is the essence of the contract, generally the main contents of the contract: the subject matter of the transaction parties to the contract, the quantity and quality of the underlying transaction price, the transaction subject matter of the time and location. Of course, if these elements applied to different specific securities, which provides the content is different. For example, contracts and futures contracts, forward contracts, the content is not the same requirement. Third, the classification of securities According to the different nature of the securities, the securities can be divided into evidence of securities, securities and securities certificates three categories. Evidence to prove the securities of a fact simply a written document, such as letters of credit, evidence of lading, etc.; certificate holder security is determined that a private right of legal rights and obligations of the holder of a valid written notes from documents such as deposit slips and so on. Securities portfolio is different from the two main features of the above can be transferable. IV: Securities - stock trading for investors to provide access. We as ordinary investors, in fact, is the most contact with the securities company. We open an account in a securities company, but also through their intermediaries to buy and sell stocks. In fact, securities companies position in the stock market much like a department store, to facilitate consumers trading. So you can go next door to your house to read the tape of securities companies, trading, rather than personally went to the Stock Exchange it! So, all the securities companies can help investors trade center stock? - Not.
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Classification of securities
According to their different nature, the securities can be divided into two major categories of securities, and securities certificates. Certificate was priceless securities securities, including demand deposits alone, IOU, receipts and so on. The meaning of securities A portfolio of securities, that is, its essence is still a trading contract or contracts, but the difference with the other securities in that portfolio has the following characteristics: has a certain nominal value of any securities, any price of securities can be freely transferred, any securities have their own price, any securities to the holders can bring certain benefits in the future. Portfolio has a face amount of a show that bond holders have the right to obtain a certain income on schedule, will be freely transferable and trading of certificates of ownership or claims, often referred to as securities. Mainly in the form of two major categories of stocks and bonds. Which bonds can be divided into corporate bonds, bonds and real estate mortgage bonds. No value portfolio itself, but because it can bring some dividends for the holders or interest income, which can be freely traded in the stock market and circulation. Securities can be divided into the following three: Securities can do different standards in different categories. Subject to division at the issue can be divided into government securities, financial securities and corporate securities. Listing or not, can be divided into listed securities and unlisted securities; Securities contained in the content can be divided into: 1. Currency securities, can be used to replace the currency used in the commercial credit portfolio tool, mainly used for transactions between enterprises of goods, services, compensation payments and credit and debt liquidation, a common promissory notes, bills of exchange, promissory notes , checks and so on. 2. Capital Securities, which refers to the capital investment company or companies or countries to capital supply a written document, the capital securities comprise equity securities (stock ownership) and debt securities, such as a variety of stocks and a variety of bonds. 3. Cargo refers to cargo security is the right to extract evidence, it proves that security holders of the securities by the securities listed on the extraction of the goods, a common warehouse receipt, shipping certificate, bill of lading and so on. Securities industry is engaged in securities issuance and trading services to specialized industries, the main business activities are securities demanders and suppliers to communicate directly linked, and provide services for both securities trading, prompting securities issuance and circulation and efficient manner and to maintain the securities market running order. Mainly by the stock exchanges, securities companies, securities associations and other financial institutions.
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The securities custody
Securities to investors in Shenzhen custody is in its custody, where a securities dealer to another securities dealer in securities at the custodian. According to the Shenzhen Stock Exchange rules, the securities in which investors buy the securities at the broker can only place to sell. If investors do not want to open an account in the original stock trading securities, to securities transactions for another, at the same time do not want to sell stocks, you can apply for custody transfer procedures. Investors to buy the B shares, the subscription of new shares to buy or hosted in its name designated broker. If the B share investors want to change the hosting broker, you can apply for custody transfer. There are two ways to transfer custody, the application of different objects: 1. Custody transfer transactions offer - for custody transfer between domestic brokerage, the program with the A shares. 2. Custody transfer two types of instruction - for custody transfer involving offshore broker. Here we introduce a trading offer custody transfer approach. Formalities (stock index) 1. In the B shares trading hours, investors in the securities account of the original fill out the "custody transfer power of attorney", fill in the custody transfer information, including: (1) Shareholders code, names of shareholders, the Securities Code, Security Name, turn out the brokerage name and code; (2) fill out to transfer the name and number of shares of stock (can all be transferred, you can just switch part); (3) Fill in number of seats into securities. 2. Securities account in the original after finishing the procedures and confirmed the next day can go to to check whether the securities transferred to arrive and start trading. Operation points 1. Since the implementation of the Shenzhen T +3 _set_tlement, Shenzhen B share investors need to buy to transfer custody of transactions after the T +3 _set_tlement date to apply for. 2. Custody transfer can be a stock or stocks, it can be a part or all of the securities. Investors can choose to transfer some shares or stocks in the same part of the stock. 3. Custody transfer offer investors trading hours in the day to allow withdrawals; 4. T +1 day securities custody transfer (ie, meeting a trading day) arrived, investors can turn commissioned to sell securities. 5. Investors custody transfer is not successful (transfer to the custody transfer out of brokerage received unconfirmed data), investors should be transferred immediately to the broker asked to broker in time for investors to check the reasons for the Shenzhen Securities Clearing Corporation. Notes 1. Shenzhen Stock Exchange member securities currently seats 6-digit number, investors must pay special attention to filling into the number of seats should not of incorrectly broker. 2. Only deep city of custody transfer, Shanghai is not. 3. Interest payment date of custody transfer, the bonus shares and dividends in the same brokerage office managed to receive; 4. Warrants do not allow custody transfer placement 5. Through the trading system offer for B Shares of the business is currently managed within the _set_tlement applies only to members 6. Shares of domestic individual investors to foreign securities firms are not allowed at the custody transfer. Custody transfer fee Custody transfer fee of 100 Hong Kong dollars per household.
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The role of stock market
1, to promote the economic development of the national results. Promote financial intermediation and economic lateral horizontal linkages and improve the overall efficiency of resource allocation. 2, the securities commission agencies to establish and perfect self-restraint and self-development management mechanism. 3, to open up investment channels for securities investors and expand investment in the range of options to adapt to the diversity of investment motives of investors, the transaction needs of motivation and interest, in general, can provide investors with access to the possibility of higher returns. Code for each type of securities and securities were listed securities only have their own security code, security and code-one correspondence, and the stock code is established, no longer change. This is mainly to facilitate computer recognition, use more convenient. Securities listed on the Shanghai Stock Exchange, according to the Shanghai Stock Exchange, "Securities coding plan", a 6-digit approach, the first 3 digits for the distinction of securities types, specifically listed in the table below: 001 × × × treasury stock; 201 × × × bond repurchase; 110 × × × 120 × × × corporate bonds; 129 × × × 100 × × × convertible bonds; 310 × × × Treasury bond futures; 500 × × × 550 × × × funds; 600 × × × A shares; 700 × × × allotment; 710 × × × turn allotment; 701 × × × turn allotment re-allotment; 711 × × × turn allotment sub-allotment; 720 × × × dividends; 730 × × × subscription of new shares; 735 × × × new fund purchase; 900 × × × B shares; 737 × × × IPO placement. Market securities on the Shenzhen Stock Exchange, Shenzhen Stock Exchange Securities under the code implementation to take four preparation methods, different varieties of the first security code, specifically shown in the table below: 0 × × × A shares; 1 × × × corporate bonds, government bonds repurchases, debt stock; 2 × × × B shares and B warrants; 3 × × × turn allotment warrants; 4 × × × funds; 5 × × × convertible bonds; 6 × × × Treasury bond futures; 7 × × × options; 8 × × × allotment warrants; 9 × × × IPO placement.
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Equity securities
Securities - Various types of securities are recorded on behalf of certain rights and a legal certificate. The holder the right to prove it according to their records held by the contents of the certificate to obtain their rights. From the general sense, security is _set_ to prove rights or make a written certificate, it shows that the security holders or third party is entitled to have a specific interest in the securities or that have occurred in their behavior. Securities must have two fundamental characteristics: legal characteristics and written features. Elements of the four par stock: holders of securities of the subject matter, the subject matter of the values and rights.
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English Expression
: stock
n.: paper, Bond, certificate, equity, scrip, convertible note [paper], go long of the market (=be on the long side of the market), a registered bond, treasury bond, security, negotiable securities, securities [pl] documents or certificates showing who owns stock, bonds, shares, etc, securities
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