Chinese Futures Brokerage Industry, Industrial Organization Analysis

Futures are the outcome of market economy development As Chinese market economy consummated, Chinese futures trade get a rapid advancement For futures market development, broking firms always act as a role of expanding futures market. Whether broking firms can get a good development room directly affects the future perspectives of futures trade, and the prosperity of futures trade must boost Chinese market economy to a higher level. Then we'll find that Chinese futures trade growth is very meaningful to Chinese economy.Whereas, the scholars don't think much of this trade. Because commodity exchange is the association made up by broking firms, the function of broking firms isn't notable. Then commodity exchanges become the focus of some scholars' studying. But Chinese commodity exchanges are different from foreign countries'. They have much administrative color, so there will be no meaning to study them based on economics theory. Thus, we find that studying in Chinese broking firms is very important for the development of Chinese futures market Whereas, the studying in this area is almost absent, then the achievement in this area is just few. In the view of this, I utilize some industry organization theories to analyze this trade, and come to some constructive advices for the broking firms' development This just is the innovation in this paper.This paper is divided into five parts. Chapter one refers the study meaning, study situation, study means and major idea. Chapter two uses some indexes usually used in industry organization economics to measure the market structure of Chinese futures broking firms, and analyzes the broking firms' structure from the views of product diversity and policy environment Chapter three analyzes Chinese broking firms' market conduct from the points of price, product diversity strategy and corporation merge. Chapter four analyzes market performance of China's broking firms from the respects of performance and efficiency. Chapter five analyzes the inner links among market structure, corporation conduct and performance. At last, I bring forward some relevant advices for the development of Chinese broking firms.