Innovation Research Of Asset Management Of Securities Companies

In recent years, with Chinese rapid economic development and accumulation of wealth,according to statistics in2013, China has the largest number of billionaires in the world.Residents becomemore rich, and they have the urgent need for its preservation, appreciation, and risk tolerance graduallyincrease accordingly. On the other hand, severe low savings rates and inflation, causing some residentsexperienced negative growth in deposits, so that residents are not satisfied with merely rely on depositsOur asset management business of securities companies are facing several difficultsuch asoversee the provisional certificate constraint management, the asset management business profits decline,profit and some other indicators of the Company’s shareholders and other aspects of the set pressure,low-risk securities company with stable income asset management business innovation to ease the pressurefrom various quarters, to avoid constraints, access to new profit growth point is imperative for a goodchoice. Into other commission implementation of liberalization and financial sector peers intensecompetitive pressures, coupled with the rapid development of the telecommunications industry to promotea number of financial institutions, large numbers of low-cost virtual and rely on advanced technology,global communications network to further enhance the international financial sector competitive pressuresof Chinese securities companies, securities companies to promote the huge cost that can not get into theasset management business innovation has become a stable income choice. Asset management andsecurities companies to carry out business innovation not only promoted the three traditional business(brokerage, underwriting and proprietary) a good development to meet customer needs, to ease pressurefrom all aspects of the company, and increase the diversity and openness of financial markets, alsoincreased merging the business of securities companies, creating a new profit growth point, enhance the core competitiveness of the securities companies.Europe and other mature financial markets securities companies (in some countries referred to asinvestment banks or bank) of its asset management business has become the company’s core business, itsrevenues account for about1/3of the head office revenue, while the company’s asset management ofsecurities business scale and revenue structures are not up to the scale and proportion of income maturefinancial markets in Europe and America and other countries in the same business of securities companies.Our asset management business of securities companies should learn from the advanced experience offoreign asset management business to market demand, the use of various techniques, advantages,vigorously strengthen the asset management business innovation, introduced to meet the market demandfor the asset management business of various products, rich in Chinese financial market instruments topromote the development of Chinese asset management business, narrowing between Europe and othermature financial markets from securities companies, securities companies to improve our competitiveness.Compared with the fund securities companies, trust companies, securities companies and asset managementbusinesses have entrusted asset management with the flexibility to use a wide range of investment, etc.,with unlimited growth potential, and with the development of Chinese financial markets, asset managementbusiness of securities companies advantage will be further expanded, unparalleled, will become Chinesefinancial sector is an important business. Finance is the core of the economy, securities companies inachieving financial entities to promote economic development will play an important role in the role, andthe asset management business of securities companies is bound to play an important role in promotinginnovation in this process. Its asset management business of securities companies risk sharing, revenuestability, a wide range of investment, portfolio, flexible configuration and can take advantage of theadvantages of the traditional business advantage and learn from foreign experience in mature markets, will become the core business of securities companies.Chinese securities firm’s asset management business is to provide customers with the benefits and riskmanagement as the core asset preservation and value-added services as asset management business isimportant to develop the subject securities companies should respond positively to the Chinese governmentin recent years has been to emphasize the financial services economy call depth asset management businessinnovation, investment products rich in financial markets, and enhance the function of financial marketallocation of resources into full play. By studying foreign advanced experience of mature financial markets,through comparative analysis of domestic and international asset management business developmentprocess and innovation activities, proposed the asset management business of securities companies inproduct design, organizational structure, management system and risk monitoring and personnel needs,such as the direction of innovation direction.This paper describes the theoretical research status at home and abroad about the assetmanagement business innovation, in-depth analysis of the basic situation of Chinese securities companies,asset management, business development and innovation process of progress; then carefully introduced toEurope and other mature financial markets securities asset management company business development, aswell as product design, organization, innovation and progress on risk management and human resourcesstrategy, the comparative analysis made by some of the inadequacies of the asset management business ofsecurities companies currently exist; followed by detailed introduction to Europe and other mature financialasset management business innovation on the market situation, analyzed and put forward a new course ofChinese securities firm’s asset management business innovation and development.