An Empirical Study On The Competitiveness Of China’s Securities Companies

As of June 2015, according to the official data releases that China has 119 securities companies. In China’s capital market, securities companies in the company’s restructuring process in the listing process as an important intermediary role. Securities companies mainly in the primary market undertake the company restructuring, mergers and acquisitions and other counseling services.In the second market they play an investment advice and trading intermediary role. At present our country securities company’s main business operations can be divided into securities brokerage business, securities underwriting and sponsorship business, securities margin trading business, securities investment consulting business, securities proprietary business, securities asset management business, etc..From the previous annual data of China’s securities companies we can see that securities brokerage business, securities margin business income on China’s securities companies overall income’s contribution rate is very large. On the one hand, the degree of homogeneity of our country’s securities companies are very high, and on the other hand, we also show that the securities companies in the innovation of financial products is also very scarce.That is, securities investment advisory business, securities asset management business and other aspects of development, and the development of these businesses are affecting the competitiveness of China’s securities companies. Nowadays, China’s capital market is related with the international capital market closely, China’s securities companies also face the pattern of international competition. Therefore, China’s securities companies need to enhance their competitiveness.This paper will be based on the domestic and foreign scholars and experts on the competitiveness of securities companies, through quantitative and comparative analysis of the competitiveness of China’s securities companies to verify the specific situation of China’s securities companies competitiveness. In order to analyze the competitiveness of China’s securities companies, we should choose the reference basis of the company’s capital size and income structure, equity concentration degree and so on, and then make a more clear and comprehensive understanding of China’s securities companies.This paper is based on the theory of scientific evaluation index system, and then the selection of indicators for the standardization of treatment, the final analysis of the empirical analysis, and this paper is through factor analysis and cluster analysis to complete. In the factor analysis, we get the comprehensive score ranking of the competitiveness among the Sample Firms and the score of the individual factors. Secondly, according to the factor scores of the Sample Firms, they were analyzed by cluster analysis. Finally, we can improve the competitiveness of securities companies in our country from three aspects of corporate strategy, traditional and innovative business, personnel management, etc..