The Applied Study Of Chinese Security Over-the-counter

The2012security innovation conference raise the curtain of the security OTCconstruction，as the important part of Chinese multi-level capital market system，theunderlying market position from the outset has been given private property market andbecome a Chinese medium and small micro-enterprise incubator,will commit greatcontribution in practicing Chinese private system reform, accelerating the OTC derivativeproducts, realizing the basic functions of security company.There is no doubt that U.S. multi-level capital markets are very mature in both theoryresearch and market building。Basing on this，combing the U.S. security OTC in this paper isto give some reference and learning case for the ongoing reform and development of Chinesesecurity OTC. Firstly，we introduce the general situation of the security OTC，and then highlight thesecurities OTC market’s own position and characteristics, through comparative analysis withChinese existing markets, in order to more people could realize and understand the market.Further more，we share the instruction experience and inspiration of the U.S.A securityOTC.As to the security OTC is just beginning, we hope to give some strategic suggestionsthrough the comprehensive analysis of the Porter’s five forces and SWOT models. Finally,we discuss the concrete construction of the market. In the background of the industryinnovation and development, Chinese securities OTC will go farther and farther.