China's Securities Companies Internationalization Path Selection

Along with the advancement of economic globalization and financial liberalizationtide, securities companies in the developed countries gradually realized globalization,emerging markets such as India, South Korea and Brazil also started the pace ofinternationalization in the1990s, in addition, Europe and the United States also other Largeinternational investment banks set up subsidiary companyin China one by another asChina’s securities market gradually opening to the outside world which reduced the profitof the securities companies of china to some extent,resulting thatthe expansion of theChinese securities companies in the domestic market space is very limited.Inaddition,in thewake of the financial crisis in2008,developed countries such as The United States andEurope suffered some bad effect which give a chance to ecurities company of china to goout,soItis imperative forChinese securities firmsto find a right way to go out and expandoverseas markets.However,the characteristics of young and low degree ofinternationalization also t the lack of experience of the Chinese securitiescompanieshighlights the importence of exploring the way to go out.First of all,this paperanalyzes the present situation of the internationalization of Chinese securitiesfirms;secondly,this paper analyzes the problems in terms ofwhich way to go out;Then,withthe problems this paper analyzes the the development of Goldman sachs,merrilllynch,andMorgan Stanley;Atlast,this paper put forward some suggestions to the wayof go outbased on the present situation and problems of Chinese securities firms...