Explore Financing Channels Of Securities Companies In China

As the major and most important financial institutions in the securities business, Securities companies play an important role in the financial system. Stable, highly-efficient, and sufficient capital sources are the prerequisites for the effective and full function of Securities companies. Along with the development of securities business in the past decade, securities institutions in China have already gained certain scale. However, many factors that hamper the development of Securities companies gradually come into existence. Among them, financing headaches of Securities companies have become impediments for their development and competitiveness.Because of the lack of effective financing channels, Securities companies were forced to take some illicit financing acts such as defalcation of clients'security, illicit financing. These acts not only cause a market disorder, but also bring potential risks. Therefore, broadening the financing channel helps the self-growth of Securities companies and the orderly circulation and coordinated development between monetary market and capital market. It has very important realistic meaning of resolving the deep-rooted question in our economic realm.This essay starts with the retrospect on financing theories, which severs as a theoretical platform for the financing of Securities companies. It puts an emphasis on the current existing problems of various financing channels and learns a lesson from the financing features of American and Japanese corporations, then offers suggestions on policies of broadening the financing channels of Securities companies in China.This essay is divided into following five chapters:The first chapter is a retrospect of related theories on enterprise Financing. Different scholars take a different attitude toward the influence...