论文部分内容阅读
当代中国证券市场的发韧是在上世纪70年代末期,历经二十余年的发展,走完了发达国家证券市场近百年的发展路程,伴随着中国经济的兴起,中国证券市场在国民经济中扮演着日趋重要的角色,令人费解的是券商行业 ---中国证券市场上最重要的中介机构行业却出现了连年衰退迹象,中国券商行业的发展不过短短十余年,而海外券商行业已有一百多年的发展历程,至今依然生机勃勃,我们不禁要问为何本应成长的中国券商行业出现了衰退的现状?这种背离现象的真实原因是什么? 本论文从当代中国券商行业的市场结构、业务模式入手,通过对部分国际优势券商的分析,以其成功的经验为国内券商行业的发展路径提供重要参考,结合国内券商行业目前面临的行业环境、市场状况和自身条件,提出国内券商行业发展的路径选择,以应对国内金融市场彻底开放后的全球化竞争。
In the late 1970s, the development of the securities market in China nowadays ended more than 20 years of development and completed the nearly 100-year development of the securities market in developed countries. Along with the rise of China’s economy, the Chinese securities market plays a role in the national economy An increasingly important role, it is puzzling that the brokerage industry --- China’s securities market, the most important intermediary agencies have emerged signs of successive years of decline, the development of China’s brokerage industry, but only a short span of more than ten years, while the overseas brokerage industry has With more than one hundred years of development history, it is still alive today. We can not but ask why China’s brokerage industry should grow up. What is the real reason for this departure? In this paper, from the contemporary Chinese brokerage industry Market structure and business model. Based on the analysis of some international-based brokerage firms, with its successful experience, it provides an important reference for the development of the domestic brokerage industry. Combining with the current industry environment, market conditions and own conditions of the domestic brokerage industry, Brokerage industry development path to respond to the domestic financial markets after the liberalization of the global competition