Study On The Scale & Structure Of The Securities Industry In China

The market structure of the Securities Industry in China is transforming from a competition one to to a combination of both monopoly and competition. This has an important effect on the conduct of the Securities Industry. This paper points out by an empirical analysis, that the administrative barriers and the unreasonable fee rates system bring great profits to our company, but not give enough return which fund investors should have. Both Tradition Collusion Hypothesis (TCH) and Efficient Structure Hypothesis (ECH) are invalid the Securities Industry in China. Adjusted Efficient Structure Hypothesis can explain better about the relationship between market structure and market performance in our the Securities Industry. At last, this paper brings some advice.