A Study On Profit Mode And Management Strategy Of China’s Medium And Small-sized Futures Companies

As the frontier of modern financial market system, the futures market plays animportant role in serving industries, promoting economic development and structuretransformation with its function of price discovery and risk management. The futurescompany the is intermediary agency of futures market, which plays an important roleas bridge and link. However, it is worth noting that, at present, most of the160officialregistration futures companies in China are small and medium-sized. On one hand, theMatthew effect “the rich get richer, the poor get poorer, polarization” is reflecting theplight of small and medium-sized futures companies; on the other hand, the160futures companies’ profitability mode is single, the homogenization competition isintense, that cause the management environment to be bad. Therefore, the discussionon the profit-making mode and management measure of the futures companies are ofgreat significance.This article is divided into five chapters. The first chapter is the introduction,introduces the research background and significance of the topic, research status athome and abroad, research methods and innovation. The second chapter introducesthe basic situation of domestic and foreign futures market and futures companies.Chapter3is the core of this paper. With typical representatives of the small andmedium-sized futures companies JH futures company as the research object, itanalyzing the payoff mode of the small and medium-sized futures companies, thefutures companies’ difficult situation causes by the single profit-making mode, theinevitability of the change of profit-making mode. The fourth chapter fields with easeall the questions that Chapter3has raised. The fifth chapter is the conclusion andprospect. This article highlights the full consideration of the actual market, focusingon the group of small and medium-sized futures companies in trouble, exploringtheir unique changes of the profit model, which make this article practical andinnovative.