The report sums up the development of the global and China's securities industries in 2004. Through accurate data and full elaboration, it describes the structure of China's securities industry and competition situation in the industry from various angles. Meanwhile, it presents assessment of major enterprises' business strategy and competitiveness.
The report especially points out the following: The development trend of China's securities industry mainly lies in the following: 1. Securities companies will strengthen cooperation with banks and insurance companies; 2. The industry expedites the pace of M&A to improve industry concentration; 3. Chinese securities companies will cooperate with foreign partners to get prepared for the internationalization of the industry; 4. Securities companies will press ahead with business innovation and transformation to boost core competitiveness.
At the same time, it is pointed out that Chinese securities enterprises have limited profit models; therefore, it is difficult for them to avoid risks brought about during the downturn of the market. At present, as the securities market is in a downturn, some securities companies are facing a test of survival. Only by stepping up efforts to implement Guo Jiu Tiao, namely, the State Council's Opinion regarding Promoting the Reform, Opening-up and Stable Development of the Capital Market, to restore the appeal of the market, may they get out of the current plight. Expanding the financing channels for securities companies, reducing transaction cost, expanding business volume and encouraging innovations are all effective ways to get the securities industry out of the predicament.
After analyzing major factors affecting the development of China's securities industry from 2005-2009, the report presents qualitative and quantitative forecast of the industry. Finally, it provides development strategy and recommendations for the government, enterprises and investors respectively.
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