DT证券公司资产管理业务银证合作研究

发布时间：2018-05-27 03:01

本文选题：券商资管 + 银证合作　；参考：《上海外国语大学》2017年硕士论文

【摘要】：得益于我国经济的腾飞和金融市场的不断完善,我国证券公司的资产管理业务在近几年获得快速发展,构成了与银行理财、信托计划、保险理财、基金等并驾齐驱的竞争格局。随着改革的深化推进,经济转型的逐步成功,资本市场将获得一个更深厚的发展基础,未来券商资产管理业务将有更大的发展空间和作为。同时,国务院、证监会相继出台一系列有关资本市场深化改革、转型升级,加强风险防范的政策,为券商资产管理业务的进一步发展创造出新的政策环境。在此大背景之下,早期不少券商抓住机遇开始布局升资产管理业务,并在过去几年中已在激烈的行业竞争中取得了优势。但是作为资管市场的“后起之秀”,DT证券在目前的发展初期虽然有一个相对完善成熟的市场环境,但也遇到了更多的挑战。本文主要从现有券商资管业务发展的理论出发,以DT证券资产管理业务为研究对象,在考虑券商资产管理业务发展的大环境以及DT证券把商业银行作为战略客户的基础上,有针对性地研究DT证券公司与商业银行在资产管理业务上的合作模式,结合近期出台的众多监管政策,探究目前银证合作过程中存在的问题,特别是DT证券发展起步阶段面对的困境,针对性地出建议。本文首先通过国内外相关文献研究成果的研究及启示,对我国券商资产管理业务整体发展情况进行梳理,从券商、银行两个角度探讨DT证券公司资产管理业务与银行合作的必要性和可行性。从DT证券资产管理业务现有的发展情况出发,剖析DT证券资产管理业务银证合作现有典型模式,对合作流程、成效等进行跟踪研究。在研究两个案例过程中,出合作中存在的具体问题并谈论解决和优化方案,同时对比不同模式之间的差异,以针对性地推动其未来发展。由于本文更多的是将DT资管未来发展作为重点考虑的,因此本文根据以上情况对DT资管作了外部以及内部的战略分析,外部环境包括宏观环境、行业政策、市场竞争结构等,内部环境包括机构资质、产品研发和投资能力、营销能力等并借鉴国际经验对利率市场化下我国资管行业做出展望,由此得出有益于券商资管未来更好地开展银证合作的政策建议。
[Abstract]:Thanks to the rapid development of China's economy and the continuous improvement of financial market, the asset management business of Chinese securities companies has been developed rapidly in recent years, which has formed a competitive pattern of keeping pace with bank financing, trust plan, insurance financing, fund and so on. With the deepening of the reform and the gradual success of the economic transformation, the capital market will have a deeper foundation of development, and the future asset management business of securities firms will have greater space for development. At the same time, the State Council and the Securities Regulatory Commission have issued a series of policies on deepening the reform of the capital market, transforming and upgrading, strengthening risk prevention, and creating a new policy environment for the further development of the asset management business of securities firms. Against this background, many early securities firms seized the opportunity to start the layout of asset management business, and in the past few years in the fierce competition in the industry has gained an advantage. However, as the "rising star" of the capital management market, DT securities have a relatively mature market environment in the early stage of development, but they also meet more challenges. Based on the theory of the development of securities firms' asset management business, this paper takes DT securities asset management business as the research object, on the basis of considering the general environment of the development of securities firms' asset management business and DT securities taking commercial banks as strategic customers. This paper studies the cooperation mode between DT securities company and commercial bank in asset management business, and explores the problems existing in the process of cooperation between bank and securities in the light of the many regulatory policies recently issued. In particular, DT securities development in the initial stage of the difficulties faced, targeted recommendations. This paper first through the domestic and foreign related literature research results research and the enlightenment, carries on the comb to our country securities firm asset management service overall development situation, from the securities firm, This paper probes into the necessity and feasibility of the cooperation between the asset management business of DT Securities Company and the bank from two angles. Based on the current development of DT securities asset management business, this paper analyzes the typical model of bank and securities cooperation in DT securities asset management business, and studies the process and effectiveness of the cooperation. In the process of studying two cases, the concrete problems existing in cooperation are discussed, and the solutions and optimization schemes are discussed. At the same time, the differences between different models are compared to promote their future development. As the future development of DT capital management is the focus of this paper, this paper makes an external and internal strategic analysis of DT capital management according to the above situation. The external environment includes macro environment, industry policy, market competition structure and so on. The internal environment includes institutional qualification, product R & D and investment ability, marketing ability and so on, and draw lessons from the international experience to make the prospect of our national capital management industry under the interest rate marketization. From this, it is helpful for securities firms to better carry out cooperation in the future of banking and securities policy recommendations.
【学位授予单位】：上海外国语大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

【参考文献】