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What is the brokerage channel business?
Brokerage asset management channel business refers to the cooperation channel business between banks and securities companies. Brokers cooperate with banks through targeted asset management business to provide channels for banks, help banks adjust their balance sheets, transfer assets from off-balance sheets to help banks move credit lines. Brokers play the role of channel, charging 3/1000 to 8/1000 channel fees.

What is channel service?

The so-called "channel business" means that securities firms issue asset management products to banks to absorb bank funds, and then use them to buy bank bills, help banks withdraw cash to complete trust loans, and transfer related assets to off-balance sheets.

In this process, brokers provide access to banks and charge a certain bridge crossing fee. The main form of channel business used to be the cooperation between banks and trust institutions. Because of the suspension of CBRC, banks turned to cooperate with securities companies.

Main cases:

The channel business of securities companies mainly refers to the channel through which securities companies can provide investors with services such as trading, issuance and listing. And establish contact with the stock exchange. This is a unique business of securities companies. Also known as brokerage business and traditional IPO business. These businesses present a situation of all-round competition, and the profit rate is getting lower and lower. Non-channel services mainly refer to services other than traditional channel services.

It mainly includes the agency business of providing funds and wealth management products in brokerage business, financial consulting business provided by investment banks, asset management business, establishment and issuance of wealth management products, margin financing and securities lending, stock pledge repurchase, bond quotation repurchase and other capital intermediary businesses.

Business type:

In the industry, channel business refers to securities issuance underwriting business, that is, IPO business and refinancing business of listed companies. All other services are non-channel services.

The so-called "channel business" refers to the business that trust companies do not actively and systematically carry out project development, product design, transaction structure arrangement and risk control measures, and do not directly and personally participate in trust asset management. This kind of business only carries out a documentary process for external assets in the trust company in the form of trust contract, and the business return rate is extremely low.

Although the channel business has a low rate of return for trust companies, it can help trust companies expand their assets.

The role of channel service:

1. Make room for banks to continue to issue loans or ensure that the capital adequacy ratio meets the requirements of regulatory authorities.

You can also avoid loan risks.

2. Enterprises with limited access to credit funds, such as real estate development and some government financing platforms.

3. Get a considerable intermediate fee, which is the handling fee.