“泛资管”背景下我国证券公司资产管理业务创新发展研究

发布时间：2018-08-17 18:47

【摘要】：步入“泛资管”时代后,各类金融机构包括银行、券商、信托、基金和保险等都积极开展资管业务,市场竞争环境异常激烈。证券公司资产管理业务虽然已经取得了一些成就,但由于起步较晚,与资管行业其他类型的金融机构相比,仍存在不小差距。只有通过积极的业务创新才能挽回劣势,抢占更多的市场份额。因此,研究券商资产管理业务创新的对策有着十分重要的现实意义。本文首先阐述资产管理业务相关的基础理论,分析券商资管业务的发展历程和现状,其次根据现状说明其发展过程中存在的诸多问题,并列举当前我国券商资产管理业务的创新契机,指出泛资管背景下机遇与挑战并存。再次对券商资产管理业务发展的影响因素进行实证分析,找出影响券商资产管理业务发展的主要因素,并分析这些因素是如何推动或限制了券商资管业务的发展,最后提出我国券商资产管理业务创新的具体对策,从而达到为国内券商在资产管理业务创新方面提供借鉴的目的。通过实证分析得出公司规模、业务增长能力、业务重视程度等多种因素均会影响证券公司资产管理业务的发展情况,大中小型券商在各类因素上的表现存在差异,故而证券公司要针对自身情况,制定差异化的发展战略;在业务发展方向上积极探索多业务、多部门的协同合作,加大对资产证券化这类创新型业务的投入;在产品方面,提供多币种、多类别的个性化产品;在人才管理方面,积极引进创新型人才,通过券商子公司创新人才激励方式。
[Abstract]:After entering the era of "universal capital management", all kinds of financial institutions, including banks, securities firms, trusts, funds and insurance, are actively engaged in capital management business, and the market competition environment is extremely fierce. Although the asset management business of securities companies has made some achievements, but due to the late start, compared with other types of financial institutions in the capital management industry, there is still a large gap. Only through positive business innovation can we recover the disadvantages and seize more market share. Therefore, it is of great practical significance to study the innovation countermeasures of asset management business of securities firms. This paper first describes the basic theories related to asset management business, analyzes the development process and current situation of securities firms' asset management business, and then explains the problems existing in the development process of securities firms' asset management business. At the same time, the paper enumerates the opportunity of innovation in asset management of securities companies in our country, and points out that opportunities and challenges coexist under the background of universal capital management. Thirdly, the paper makes an empirical analysis on the factors influencing the development of asset management business of securities firms, finds out the main factors that affect the development of asset management business of securities companies, and analyzes how these factors promote or restrict the development of asset management business of securities firms. Finally, the paper puts forward the specific countermeasures for the innovation of asset management business of securities companies in China, so as to provide reference for domestic securities companies in the innovation of asset management business. Through empirical analysis, it is concluded that many factors, such as company size, business growth ability, business value, etc. will affect the development of asset management business of securities companies, and there are differences in the performance of large, medium and small securities firms in various factors. Therefore, securities companies should formulate differentiated development strategies according to their own conditions; actively explore multi-business and multi-sector cooperation in the direction of business development; increase investment in innovative businesses such as asset securitization; and, in terms of products, Provide multi-currency, multi-type personalized products; in the talent management, actively introduce innovative talents, through securities subsidiaries to innovate talent incentives.
【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】：2017
【分类号】：F832.39

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