Research On Zero Commission System Of Securities Brokerage Business Based On Mobile Internet

The securities commission system originated in the 1790's "buttonwood agreement",Experienced a from fixed commission system to the floating commission system evolving process.Since the last century,with the rise of online transactions,zero commission system has gradually been mentioned and discussed.Put forward the idea that the state provide securities trading channel service for investors as a kind of public products to supply.And then to study our country securities market brokerage zero commission system.The full text is divided into five parts,the first part is introduction,Mainly introduced the paper selected topic background,the research significance,the present situation of research both at home and abroad,the research content and methods and the possible innovation of paper;The second part is the theory basis of this paper,The second part is the theory basis of this paper,combining the actual requirement of the article,The paper analyzes theory involved the problems to solve respectively,such as the commission,the transaction cost theory,public goods theory and theory of regulation;The third part is finding a securities that company has been achieved the low cost by off-site opening an account,but the average commission rate to charge investors are still high,through analyzing the current situation of our country securities market brokerage business,Therefore,with the support of existing policy and technology environment,Based on the background of a new era of mobile Internet,existing law in our country under the support of policy and technology environment,put forward our country's securities trading channel services provided by the countries for investors,as a kind of public products to supply.And then we analysis of the current condition including technical conditions and legal policy guidance of our country to carry out the zero commission system,finally we discuss the several possible paths of carrying zero commission system;The fourth part for this paper mainly analyze the influence of after implement zero commission system including China's settlement,Shanghai and Shenzhen stock exchange,securities market efficiency,the securities company,investors.The fifth part carries on the content of the fourth part,in the case that the implementation of zero commission system,some policy recommendations to the related parties.