Study On Improvement For Stock Pledge Repo Transactions Of Great Wall Securities CO.,LTD

Since the reform and opening up, Chinese economy has been booming up and the real estate economy has been thriving, which take formation a large number of excellent assets. In the mean time, since there are many listing companies which also give birth to the large financing demand. In the era of pan asset management, under the huge demand of large business and personal assets, the market shares of asset management industry are being taken in the snatch by different financial institutions such as banks, insurance companies, trusts, securities, funds, asset management companies, futures companies. With the reform of policies of China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission, the cross-border competition or cooperation of different financial institutions will become the norm.Under this background, the subject of this article is about the research of improvement of the stock pledged repo business by the Great Wall Securities Co. Ltd. (hereinafter referred to as the "the Great Wall securities"). This article would discuss about the existing problems of the stock pledged repo business such as the problem of funds end and asset allocation end. It would also propose some countermeasures and safeguard measures in order to make some breakthrough of the stock pledged repo business and further improve the company’s revenue rank in the industry rankings.This paper includes the following parts:First, it introduces the history and present situation of domestic stock pledged repo business. And then it analyzes the advantages and disadvantages of the equity financing business of financial institutions, which gives the conclusion that the securities company is the best platform to carry out the business.Second, combined with the theories of smile curve and value chain,the paper takes the improvement of stock pledged repo business by the Great Wall as the research object, analyzes present situation and points out the problems of stock pledged repo business by the Great Wall. Then it proposes several methods and creative modes of stock pledged repo business from the aspects of business structure, channels of funds, the reservation of quality projects, the optimization of investment process and risk management.Third, it offers the measurements and suggestions of how to implement the safeguard measures of stock pledged repo business by the Great Wall more efficiently.Finally, it comes to the conclusion and outlook for the future.