The Legal Countermeasures Of Our Country's Securities Dealers Internationalization After Acceding To WTO

Economic integration is the inexorable trend of world economic development, there isn't any country that can explore the entrance to prosperous and strong out of economic integration.Economic integration demands our country to open securities market to the outside world, the demand lets overseas securities dealers participate direct in the profession work of our native securities market, and lets our native securities dealers can stride across national boundaries to participate in the professional work of intenational securities market simultaneously, it is the process of securities dealers who act medium and bridge in securities market internationalization.WTO is the jurisprudence that has maximum effect to safegard the sequence of economic integration, our country has signed an agreement with USA and will accede to WTO soon, that means we should obey the legal maxims of WTO in economic integration after acceding to WTO. Securities belong to the category of trade in service because of invisible specific property,so securities dealer internationalization should be restrainted by Greneral Agreement On trade in Service, and should constantly reduce the distance to GATS by drafting and perfecting the legal system about securities dealers internationalization under the guide of the principleof most-favoured-nation treatment, transparency, national treatment, permitting access to market, and creeping liberalization, including the legal system of restrainting the native securities dealers' transnational management and regulating the foreign management of securities dealers in our native market, in order to provide effective legal safeguard for securities dealers internationalization, then let its degree accord with the demands of GATS.According to the principle of foreign securities dealers may enter our native, then will enjoy most-favoured-nation treatment and national treatment after acceding to WTO.International financial capital permeates our native securities maket constantly by more and more foreign securities dealers enters constantly, international free capital will invasion possiblly, that will intensify the influence of international financil risks to our securities dealers.Foreign dealer will launch keen competition on vocational work and resource of vocational talent with our native securities dealers after acceding to WTO,because it is uncompa-rable on capital,administrative technology and resource of talent that our securities dealers with foreign securities dealers,our securities dealers will be in adverse status in the competition.Though our native securities dealers internationalization developing will confront for all sorts of stern challenge after after acceding to WTO, it also will get good opportunity.For example, after acceding to WTO, GATS' legal adjusterment will provide tolerant and regular structural environment for internationalization by pushing native financil structuralreforms forward; GATS' legal adjustment will creat a impartial and open environment for our securities dealers reclaiming the international professional work; otherwise the huge pressure of competition will force our securities dealers enhance their service quality, and our securities dealers may enhance their mana-ment by studying the advance management experience of foreign securities dealers in the competition, then strengthen competitive power.Our native securities dealers have been still in the childish phase, they are short of international competitive power, in order to accelerate internationliza-tion and resist the intense lashing which be aroused by foreign securities dealers entering, it is the most essential channel that we enhance our securities dealer' international competitive power, the key issue which this thesis explore is that how to strengthen the international competitive power of our country' s securities dealers.Capital is the securities stealers' blood as they are financial enterprises. Auel capital is the physical base for all of their management and their responsibility. Now, secu...