A Comparative Study Of Margin Financing Business Development Mode Of International

Margin trading business is relatively developed a long history in the international development of securities market. It as an important trade way to the stock market for active stock market, playing a key role for active stock market, increase investment means and improve capital efficiency and other aspects. Until 2010, our margin trading pilot was officially launched, status of the "unilateral city" in stock market has been changed, the market mechanism has been further improved, this innovation also provided a new way of transaction and a tool to avoid market risks for our investors. At present, the domestic margin trading business is in a relatively early stage of development, the business development process have revealed some problems and deficiencies. Thus, drawing on the relatively mature trading system and risk supervision system in international, combining the development characteristics and problems of China, it is necessity of Exploring and studying how to successfully enter the next phase of the innovative models.This paper profoundly analyzes China's securities market margin trading business operation status and the roots of problems exist, Then through comparative analysis the characteristics of four most representative margin trading patterns in international, finally proposed that the most critical factor in whether our margin business is smooth and healthy development is the choice of trading patterns, chose the match pattern at different stages can help its development. The object of study is international mature margin trading mode and reflections on China's existing models, The possible innovation point is proposed the strategy on upgrade the transaction mode, improve the relevant legal system and reform the financial system, has reference value in theory, but also has certain practical significance.