我国证券公司盈利模式分析
发布时间：2018-10-12 07:48
【摘要】：证券公司作为我国资本市场和证券市场上主要的金融中介，对我国经济的增长和资本优化意义重大。但是我国证券公司存在很多不足，例如资本实力相对薄弱、内部组织结构不够完善、证券业制度和政策的制约以及行业壁垒的存在，证券公司始终存在靠天吃饭的问题。而且盈利模式过分地依赖经纪、承销、自营和资产管理这四项传统业务，，新型业务的开展还只是处于起步阶段，无法成为券商稳定的利润来源。因此，为我国证券公司探索新的盈利模式显得尤为重要。 本文主要运用了对比研究和定量研究相结合的方法来分析国内证券公司的盈利结构和业务构成。在我国证券公司二十多年的发展过程中，证券公司一直是通过为客户提供各种通道这种传统化的盈利模式来获取收入，实现利润。这使得我国证券公司的业务同质化严重，证券公司之间的业务分工不够明确。但是在现在竞争如此激烈的证券行业，由于成本高、产品与服务无差异化和业务结构不均衡等原因，我国证券公司的收入下降。本文在分析了传统的盈利模式的特点及其产生的不良影响后，通过国外大型证券公司盈利模式的成功经验，探讨了我国证券公司构建新型盈利模式的可行性，并提出了创新业务结构、扩大业务范围、调整组织结构和控制经营成本的建议。
[Abstract]:As the main financial intermediary in China's capital market and securities market, securities companies are of great significance to the economic growth and capital optimization of our country. However, China's securities companies have many shortcomings, such as relatively weak capital strength, imperfect internal organizational structure, the restriction of securities industry system and policy, and the existence of industry barriers. Moreover, the profit model relies too much on the traditional business of brokerage, underwriting, self-management and asset management. The new business is just in its infancy and can not become a stable profit source for securities companies. Therefore, it is particularly important to explore new profit model for Chinese securities companies. This paper mainly uses the method of comparative study and quantitative research to analyze the profit structure and business composition of domestic securities companies. In the course of more than 20 years' development of securities companies in our country, the securities companies have been obtaining revenue and realizing profits by providing customers with various channels, such as traditional profit mode. This makes the business homogeneity of securities companies in our country, and the division of work between securities companies is not clear enough. However, in the current competitive securities industry, because of the high cost, no difference between products and services and the imbalance of business structure, the income of securities companies in China has declined. After analyzing the characteristics of the traditional profit model and its adverse effects, this paper discusses the feasibility of constructing a new profit model for Chinese securities companies through the successful experience of foreign large securities companies. The suggestions of innovating business structure, expanding business scope, adjusting organization structure and controlling operation cost are put forward.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.39
本文编号：2265347
[Abstract]:As the main financial intermediary in China's capital market and securities market, securities companies are of great significance to the economic growth and capital optimization of our country. However, China's securities companies have many shortcomings, such as relatively weak capital strength, imperfect internal organizational structure, the restriction of securities industry system and policy, and the existence of industry barriers. Moreover, the profit model relies too much on the traditional business of brokerage, underwriting, self-management and asset management. The new business is just in its infancy and can not become a stable profit source for securities companies. Therefore, it is particularly important to explore new profit model for Chinese securities companies. This paper mainly uses the method of comparative study and quantitative research to analyze the profit structure and business composition of domestic securities companies. In the course of more than 20 years' development of securities companies in our country, the securities companies have been obtaining revenue and realizing profits by providing customers with various channels, such as traditional profit mode. This makes the business homogeneity of securities companies in our country, and the division of work between securities companies is not clear enough. However, in the current competitive securities industry, because of the high cost, no difference between products and services and the imbalance of business structure, the income of securities companies in China has declined. After analyzing the characteristics of the traditional profit model and its adverse effects, this paper discusses the feasibility of constructing a new profit model for Chinese securities companies through the successful experience of foreign large securities companies. The suggestions of innovating business structure, expanding business scope, adjusting organization structure and controlling operation cost are put forward.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.39
【引证文献】
相关硕士学位论文 前1条
1 胡连强;我国证券公司盈利模式研究[D];山东大学;2015年
本文编号：2265347
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