The usufruct transfer of the margin business of securities companies has the advantage of flexible financing time without size limit，so that it has become the important financial source of securities companies in china.The rapid expansion of usufruct transfer has remodeled the profit model of securities companies.However，the business has related risks.For example，For example，the current legal norms of the usufruct of the securities margin trading is not clearly defined；usufruct of the securities margin trading has not been transfer in practice，and has obvious obstacles in practice；The transfer procedures are not standardized.The paper puts forward the suggestions of usufruct transfer：To clarify the legal status of the usufruct of the margin business；improve operation process of the usufruct transfer； establish pledge registration system of the usufruct transfer； promote the securities business of the usufruct transfer actively.