The Study Of Bill Broker's System Of Our Country

Bill broker' s system is the important content of security system, and is one of the important sign of the ripe degree of securities market too. The construction of bill broker' s system of our country is backward and is facing enormous pressure and challenge coming from global economic integration and WTO. So, strengthening bill broker's system construction has urgent realistic meanings in present stage.Trade cost theory, market validity theory and Commission theory are the economic foundation of Bill broker's system. Two commission models under symmetry and asymmetry information between the investor and bill broker was structured in view of above, probing into two major interests subjects' distribution mode in interests, risk and encourage goal, and establishing the economies' foundation for the standardization development and perfection of bill broker's system.Bill broker's system of our country has a lot of questions, mainly: Bill broker system law, regulation, management organization and functionare imperfect in construction; The current operation mode is backward, is difficult to meet the development of network economy and securities market; Besides, bill broker' s incentive mechanism, management system of inside and risk management are serious defect and insufficient. All these are restricting construction of securities market of our country and development of securities business, have reduced the competitiveness in the international market of securities business of our country.So, the main tasks of bill broker' s system construction in our country are: sound and perfect relevant law, regulation, management organization and function about bill broker system, make the concept of the bill broker clear, confirm its status legally is especially important at present, and pay attention to integrating with the world; Strengthen entering system management and independent management of the security broker, perfect the structure and function of self-organized system by oneself; To the future transform trend of our broker mode of securities market mode from traditional type to "network manager" , "bill broker manager" and "fund manager" , We should pay attention to setting up perfect management mechanism of risk and inside management system of bill broker's system even more, enforce the financial rule, expand the scope of business, setting up systematic, perfect risk preventive and controlling system; To be strict in registration system of bill broker representative and qualification, guarantee professional quality and good quality of our bill broker representative team, pay attention to studying and using the rational incentive mechanism, strengthen the cultivation and development of bill broker representative team. At last, we studied the pressure and challenge that the bill broker of our country faces under the condition of network economy of future, and the strategy of bill broker's systemconstruction is required.