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The Influence Research On Securities Company In China By Margin Trading Business

Posted on:2011-03-22Degree:MasterType:Thesis
Country:ChinaCandidate:X HuangFull Text:PDF
GTID:2189360302993622Subject:Finance
Abstract/Summary:PDF Full Text Request
As an important trading system in modern securities market, margin trading system plays an indispensable role in improving the resource distribution of the market. On october 5,2008, the CSRC announced that, by the State Council's consent, the Commission will launch the pilot program of margin trading business for securities companies, with "pilot first, and gradually pushing" as the principle. China's securities market has been developed for over ten years, and during these years, the securities company's capital size and scope of business has also expanded in varying degrees. With the introduction of the short-mechanism, the securities companies will have to get their management and profit mode to be adjusted and improved.The important issues this thesis will probe into is the impact of the margin trading on securities companies in China, and the coping strategies. In this thesis, the author adopt qualitative analysis and comparative analysis to study the related issues of margin purchase and short sale. We hope that through the development of the margin trading business, the securities companies would standardize their operations and get further development.In this thesis, after the introduction, there are six parts, and the first part get an overview of margin trading business, introducing the basic theories of margin trading. In the third chapter, the author describes the three main types of margin trading business model and analyze the affection securities companies get in each different mode, thus sums up the revelation we can get. ChapterⅣandⅤis the main part of the thesis. Chapter IV focuses on margin trading business in our country's development process, as well as the impact securities companies will get in the pilot phase of the margin trading mode. In the fifth chapter, the author probes both the opportunities and challenges securities companies are facing. In ChapterⅥ, the author put forward some risk control measures and a number of related policy proposals. The last part is the conclusions of the thesis.
Keywords/Search Tags:margin trading, securities companies, the influence
PDF Full Text Request
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