The Comparative Research On The System For China And Foreign Security Firms

The electronic information technology is improved; the fiscal supervision is weakened; the oversea fiscal market is expanded; the global capital market is monopolized; the transnational capital thoroughly circulates. Under these circumstances, the scale of assets and the range of businesses in the western investment banks are getting larger and larger. Today, apart from the traditional businesses of stocks, the western investment banks are also involved in merging and purchasing, the management of assets, the risky investment, the consultation of investment, the management of pensions, the management of the shared funds and the risky capital funds and so on. Meanwhile, their trading means and products keep improving and innovating. Their branches distribute all over the world and their global network is formed.The rapid development of the western investment banks owes much to the improvement of the external principals and laws, the promotion of the financial systematic reform and the development of the modern information technology. But the key factor is its effective systematic arrangement such as the strict and standard administrative structure, the efficient organizational structure and the administrative system of the business expansion, which are the internal guarantee of the success of the businesses in the western investment bank. The strict administrative system of finance guarantees the mobility, the efficiency and the security of its assets; the labor administration guarantees the source of the developmental energy for the bank which requires the knowledgeable labor; the strict and scientific internal risk-control system guarantees the orderly development of the businesses in the western investment banks.In the past decades, the stock market in our country saw its own beginning and development. However, its systematic construction has not been equally developed,which is partly due to the stagnation of the reform of the economic system. The three core contents of the systematic construction in the stock market are as follows:the structure of the share-right in the stock company;the administrative structure of legal person;the organizational system.In the above three aspects, the stock market in our country has been greatly developed. But in contrast with the western investment bank, improvements are called for. The gaps between the two indicate that the stock market in our country has a long way to go to become a mature modern enterprise. The experiences that the western investment banks have accumulated in the process of development are what we can learn. To combine these experiences with the present situation in the stock market of our country, some measures should be taken to improve the stock market in our country by actively innovating its system in terms of the following aspects:to set up the financial share-control company to explore the multi-management;to improve the share-right structure with the standards of the modern stock company;to improve the measures of the administrative structure in the stock market of our country;to practise the flatized innovation of he organizational system.