Research On The Development Of Settlement Wealth Management Services Of China's Securities Firms Based On The Ability Of Selecting Times

With the continuous development and improvement of China's securities market,the demand for diversified wealth management of residents in China has been continuously rising,and brokerage asset pooling plans have been reopened from 2005 to today's explosive growth,and have gradually become an important part of the investment and wealth management market.component.Due to the continuous increase in the scale and quantity of products,the evaluation of collective asset management program performance has gradually become an important issue for product investors,fund managers,brokerage managers,and regulators,and the ability to select stocks as a key factor in their earnings.The research and analysis of securities companies' ability to select stocks for collective financing has a very important role and influence on the healthy development of securities companies.Based on the analysis of domestic and foreign scholars' research results on fund time-picking stock selection ability,this article elaborates on the connotation,characteristics,advantages,development status,and the relationship between performance and performance of China's securities firms,so as to obtain an analysis of timing choices.The importance and necessity of stocks' ability.Second,we combine the characteristics of China's securities firms to manage their own research and design.This paper adopts the most popular TM model in the world,HM and CL single factor model to empirically analyze the time-selected stock picking ability of 20 mixed brokerage firms after the 2015 period in China,and realizes the collection of China's brokerage firms.The ability to select stocks for financing at a time is further explored,supplementing the lack of such research and enriching the relevant research content.Finally,based on the actual situation of our country and relevant domestic and foreign experience summing up and enlightenment,this article puts forward the measures to promote the development of China's securities companies'collective wealth management business from the perspectives of supervisory authorities,securities company managers,and collective asset management plan investment managers.Suggest.