On The Analysis Of The Business Innovation And Financial Model For China Securities Companies In The Situation Of Finance Opening

In accordance with the WTO agreement, China's financial industry will open up to the outside world completely in 2007. The influx of foreign capital will have a large impact on the nation's financial system. Be an important part of the nation's financial market, how can the China's securities companies cater for the needs of the market? Making a break from the over-dependence on traditional business, actively studying the outstanding business model from foreign investment bank, and constructing a new business model will become the common concerns of the whole industry. Meanwhile, our securities companies should expand financing channels and become bigger and stronger in order to face the serious challenge of the Finance Opening.This article takes advantage of the theory of sustainable financial industry's enterprise model and investment bank's (security company) innovational management, and analyzes the problems of China's securities companies' original business model by comparing Chinese and foreign securities companies' business models. It also gives some advices for the business model innovation. It further empirical studies the current situation of China securities companies' business innovation. Finally, it's the way that how to expand financing channels in order to serve the business innovation and make our securities companies becoming bigger and stronger. So, they can easily face the serious challenge of the Finance Opening.