Research On The Profit Model Of Securities Company's Comprehensive Financial Services

A securities company is a commercial institution established in accordance with the law and approved by the State securities regulatory authority to operate the securities business as an independent legal person.The form of organization may be limited liability system or limited number of shares.Comprehensive financial services refers to the premise of following the framework of the existing legal system under the financial group to provide a financial service for the service objects,both provide other types of securities,insurance,banking and a series of composite service.The profit model is the income structure,the cost structure,and the corresponding target profit of the firm divided by the stakeholder.With the development of China's securities market into an important period of reform and development,the rapid development of Internet finance has seriously affected the traditional business model of securities companies.A securities company in order to adapt to the new demands of the development of business model has been an important shift in customers comprehensive financial services demand grow with each passing day under the background of the securities company,the transition from the traditional channel business to the integrated financial services,including asset management business,credit business,business development and innovation are the most prominent.Firstly,based on the practical significance,this paper reviews the relevant concepts of the comprehensive financial services of securities companies,and reviews the many attempts made by China's securities companies in connection with customer service with financial reform,and sums up the success and failure of decades.Secondly,the content of China's securities companies comprehensive financial services to conduct a comprehensive analysis of the research,and the equity pledge financing business,FOF,MOM and asset securitization as the representative of the business innovation are analyzed.This paper analyzes the types of business,innovation achievements and development prospects that China's securities companies can carry out at this stage as the specific contents of the comprehensive financial services of securities companies.Again,the author analyzes the profit model of China's securities companies' comprehensive financial services and the future development trend,analyzes the income model and the merits of each business,and then gives the characteristics of the comprehensive financial service profit model of our securities companies at this stage.Finally,the development path of the mature financial institutions in foreign developed markets is discussed.The business composition and profit model of the securities companies in the international capital market are summarized.Derived from the current legal system within the framework of China can learn from the development model and discuss the advantages and disadvantages of various development models.In this paper,the securities companies from the perspective of the study,in the background of regulatory relaxation,industry innovation.Focus on the depth of the study of securities companies can provide individual customers,institutional clients to provide comprehensive financial services and representative of the innovative business.Under the background of the innovation and reform of the securities business model,the rational analysis of the overall profit model has a positive effect on upgrading the traditional business profit model and changing the income structure of the securities company.