A securities company is a limited liability company or a joint stock limited company with independent legal personality, which is established in accordance with the provisions of the Company Law and the Securities Law and approved by the securities regulatory authority of the State Council.

Investment bank is a kind of financial institution corresponding to commercial bank.

A commercial bank is a kind of bank, and its duty is to act as a credit intermediary for financial institutions through deposits, loans, remittances and savings.

2. Different functions

Securities companies are legal entities specializing in securities trading, which are 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.

Investment banks are non-bank financial institutions mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses, and are the main financial intermediaries in the capital market.

The main business scope is to absorb public deposits, issue loans and discount bills. General commercial banks do not have the right to issue money, and the traditional business of commercial banks is mainly deposits and loans.

3. Different characteristics

Securities companies are mostly unlisted companies, with limited share circulation and no market price, but they have listing plans, which can meet the relevant regulations of listed companies.

Investment banks mainly serve the capital market, which is a sign that distinguishes commercial banks; Third, it is an intelligence-intensive industry, which is different from other professional financial services institutions.

Because of its extensive functions, commercial banks have a great influence on the whole social and economic activities and occupy a special and important position in the whole financial system and even the national economy. With the development of market economy and the integration of global economy, commercial banks have highlighted the development trend of functional diversification in 20 12.

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