| Since China's accession to the WTO,China has gradually opened up its financial market.As an important part of the financial industry,the securities industry is constantly opening up with the implementation of the market access policy for foreign-funded securities firms.In 2018,the proportion of foreignfunded institutions in China's joint venture brokerages has reached 51%,realizing the actual control of joint venture brokers,and new joint venture brokers are welcoming new opportunities.As the same time,the business licenses of joint venture securities company are gradually being liberalized.Joint venture securities company can apply for other securities business opportunities besides investment banking.The “full license” operation of joint venture securities company is just around the corner.The market access of foreign-invested securities companies is the focus of China's securities industry market,which is at an emerging stage.The number of foreign-funded joint venture securities company is increasing in China,and the market share of securities business is also expanding,thus The risks brought by the market giving China's financial cannot be ignored,which puts new demands on the prudential supervision of China's supervisory authorities.Under the background of the further opening of China's financial industry,the article selects the effects and strategies of the securities market access in the United States,Japan and Britain from the perspective of financial supervision theory and market access theory,and uses the foreign brokerage market.The empirical research method of supervision has been analyzed and elaborated on how to strengthen the effective supervision of market access for foreign brokers.It is concluded that on the basis of maintaining the bottom line of financial risks,the government should actively expand and open up,grasp the supervision on the basis of clear objectives,and improve the level of national supervision on the basis of improving the supervision system. |
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