1. The self operating account of a securities company refers to an investment account for stocks, bonds, etc. with its own funds. 2. The use of securities companies' proprietary accounts to engage in securities proprietary business has the following four meanings: (1) Only securities companies approved by the CSRC to engage in securities proprietary business can engage in securities proprietary business. The minimum registered capital of a company engaged in securities proprietary business shall reach 100 million yuan. (2) Proprietary business is a kind of business behavior that securities companies buy and sell securities for their own purposes and make profits through bid ask spreads. (3) Securities companies must use their own or legally raised funds that can be used for self operation to engage in self operation business. (4) Proprietary trading must be carried out in the securities account opened in his own name; It can only buy and sell other securities that are publicly issued according to law or recognized by the CSRC. 3. According to the Securities Law, securities companies shall not lend their proprietary accounts to others for use. In China's securities market, some securities companies lent their accounts to large investors in order to attract them and earn fees. However, due to the unpredictable risks in the securities market, once these big stocks fail to speculate, the assets of securities companies, that is, state-owned assets, will suffer losses. Therefore, such acts must be prohibited.
