Development Strategy Analysis Of Capital Intermediary Of China’s Money Brokerage Company

Under the current environment for the development of financial markets, currency brokerage company received considerable development, the role and status in the financial market is becoming increasingly important, the concept of a currency brokerage company originated from the British foreign exchange market, financial market trading intermediary mechanism.Bound by international experience and industry regulations, currency brokerage company in the financial markets must maintain strict neutrality, non-proprietary trading business, on the one hand, a currency brokerage company only provides information about the foreign exchange market to financial institutions, the bond market, money market, derivatives brokerage services market transactions, shall not engage in proprietary trading, on the other hand, commercial banks can not invest money brokers. It is because of such requirements, to ensure the currency brokerage companies to ensure fair transactions in the state is completely neutral, neither customer transactions at the time of commission after market changes in order to meet the requirements of self-pressure, nor in the transaction It intends to raise or lower prices and against the interests of customers, the ultimate goal is to ensure that the currency brokerage in more active trading, funds face relatively loose, no increase in systemic risk for the financial markets.Is in such developments, currency brokerage company began to develop capital intermediary business. Currency brokerage company’s capital intermediary business mainly to the assets and matching funds, to achieve a reasonable configuration of the two parties to improve market transparency and promote price discovery, optimize the investment environment, improve the timeliness and accuracy of investment, strictly speaking, not the brokerage business in the traditional sense, it is not just matching of assets on the secondary market, but to assist investors in the primary market directly purchased assets, so as to meet the requirements of its capital allocation and profitability.In this paper, the analysis of the current bond market basis and combined with the actual conditions of a currency brokerage company’s capital intermediary business development, a detailed introduction to the concept of money brokers, development situation existing in the development problems and the status quo of China’s bond market development, the specific circumstances of the various product characteristics and development of this paper currency brokerage company’s capital how to further develop the intermediary business provides a ready knowledge of preparation.Problems encountered in the current capital intermediary business is not only itself, but also from the macro level, and currency brokerage company’s capital intermediary business is just beginning in the development process in the last couple of years, also encountered a variety of problems encountered difficulties caused by the current situation of the reasons, both the macroeconomic environment and the development of China’s bond market, but also with the relevant currency brokerage company itself. From a macro perspective:China’s market pricing mechanism is not perfect a degree of market weak enough so that the process of market-oriented pricing, resulting in bonds in the primary market is difficult to reflect its true price level; the credit rating system is not standardized, whether it is the bond credit rating or credit rating body has great influence on both the issue spreads, standardized credit rating system for the healthy development of the bond market has great significance; small and medium enterprises and private enterprises financing difficulties, in general, private enterprises and SMEs indirect financing through bank loans more difficult than state-owned enterprises and large enterprises, bank lending rates rarely fall, private enterprises and SMEs financing problem remains a serious presence in the bond market will be very detrimental to the healthy development of such enterprises; rule bond issuance in the primary market is not unified; efforts to control the risk of bonds is not strong enough, in addition to currency brokerage company for its own reasons, such as difficult to obtain the trust of investors, it is difficult to maintain cooperation with the issuers, investment channels not stable, narrow the scope of business and other reasons.Strategy development, capital intermediary business is developed in the macro environment, under the current bond market development of new business, if you want to be to develop, we must have a clear understanding of the industry, for the bond market needs to have in-depth understanding, for the capital to promote the development of intermediary business strategy point of view, this part of the country and also the company will explore two aspects, on the one hand, we hope our bond market can gradually mature and improve a market pricing mechanism to speed up the process of marketization, establish a standard credit rating system, and actively develop the debt financing to SMEs and private enterprises financing, issuing strict rules of a unified market, improving disclosure and strengthening information systems; and from the perspective of a currency brokerage company, you want to capital intermediary business bigger and stronger, to get a large number of investors and issuers to maintain good relations of cooperation, the establishment of a stable investment channel, to develop innovative business and take innovative marketing modeL In summary therefore, on the one hand to increase the national level to build a mature financial market, on the other currency brokerage company’s capital intermediary sector should advance with the times, and strive to develop.This article from the current practical problems, combined with the reality experienced authors experience in a currency brokerage company, combined with serious teaching mentor, I hope this for their own work has a certain significance.