The Research On The Profit Model Of China's Securities Companies

This paper is one of relative results of "Research on the failure of the securities companies" in "2004 Shanghai Stock Exchange 13th joint research projects".Facing the competition of the foreign securities companies after joined the WTO, stock-trading reforms are fully implemented, and the integrated management of securities companies are full swinging,China's securities company's external environment and internal situation has undergone profound changes. Based on the analysis of our innovative securities companies' operating income structure, contrasting the foreign securities companies' profit model, China's securities companies have been the traditional channel profitability model, there are small in scale, low concentration of business, highly dependent on brokerage and other issues. Under the new situation, China's securities companies should be innovative services profit model, to provide for their customers the best service on the basis of operational restructuring and innovation in addition to establishing a perfect net capital as the core indicators of risk control system, and implemente the securities company's sustainable development.