Research On The Fed Securities Partner System

The financial industry plays an extremely important role in the economic development of the country.As an important component of the financial industry,securities companies play a decisive role in supporting financial development.With the prosperity of the financial market,the securities market has also achieved tremendous development.China's existing securities company organizations generally adopt the company system,namely,limited liability companies and joint stock companies.Securities companies are the third industry and they are human capital intensive.With the development of human resource-intensive companies,the advantages of partnerships in the management of this type of company have been continuously expanded.In 2015,the revised draft of China's Securities Law proposed to support the use of a partnership by securities companies on a legal level.At the same time,the domestic economy has slowed down in recent years,the industry structure has been optimized,and the development of the securities industry has also been affected accordingly.Securities companies have great differences.For many securities companies,reforms are urgently needed to improve the company's development level.For this reason,this paper takes the Lianchu securities company as an example to analyze the securities companies in China's first partner system.The full text is mainly divided into six aspects.The first part is an introduction,which mainly explains the research background,research significance,research content and research methods of the paper.The second part is the conceptual and theoretical basis.It mainly introduces the definition,types and characteristics of partnerships and the related theories of partnerships.The third part analyzes the current situation of the Fed securities company and the feasibility of the partnership system.Through the analysis of the company's basic information,operational status and external environment,the Fed's securities company believes that there are insufficient driving forces,frequent dishonesty,and weak risk control capabilities.The possibility of introducing a partner system was analyzed from internal management and the external environment.In terms of internal management,the partner system can greatly motivate the company's core personnel;strengthen supervision and reduce risks;reduce the need for tax burdens and agency costs;flexible forms can better attract partners.In terms of the external environment,the law has begun to permit the use of partnerships in securities companies.From an economic perspective,the current economic situation also provides a stable environment for the securities companies to carry out the reform and implementation of the partner system;from the talent level,talents Adequate reserves provide an effective intellectual guarantee for the establishment of a partner system by securities companies;the government promotes the establishment of a credit system to provide assistance for the establishment of a partner system.The fourth part mainly analyzes the two high-quality partner systems of Alibaba and Wanda,and inflates the Fed Securities company's enlightenment to establish an effective partner model.The fourth part mainly analyzes the two high-quality partner systems of Alibaba and Wanda,and gives their enlightenment to the establishment of a valid partner model for the Federal Reserve Securities Company.Finally,the author thinks that the possible problems in the implementation of the partner reform in the securities company give an optimization strategy.Through the above analysis,it hopes to provide certain guidance for the securities company to establish a partner system in the future.