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Chinese Securities Companies: An Analysis of Economic Growth, Financial Structure Transformation, and Future Development

Book Description

Extraordinary opportunities for China's major financial services providers

Over the past three decades, China has attained and solidified its position as the world's second-largest economy. There is now an enormous demand for Chinese financial services, especially those related to securities. Chinese Securities Companies is essential reading for anyone involved in Chinese capital markets, because this is a situation that has never been seen before. Management, profit structure, sponsor systems, reform potential—all have unique elements in China, and all are analyzed in depth in this book.

Chinese securities expert Wu Xiaoqiu has developed an influential model for understanding China's capital markets in their historical perspective and creating success in this high-demand industry. Read Chinese Securities Companies to understand the four things firms must do in order to exceed the accomplishments of giants like CITIC Securities:

  • Create international vision

  • Develop innovative talent

  • Establish solid capital power

  • Engage in rigorous risk management

  • Using this formula, developed with the aid of research from Moody's, along with a robust historical perspective, Wu Xiaoqiu has written an essential text for anyone involved in global financial services.

    Table of Contents

    1. Core Points of View
    2. Preface
    3. Acknowledgments
      1. Note From the Author
    4. Introduction Economic Growth, Financial Restructuring, and Prospects of Securities Companies
      1. Understanding the Economic Trends of China From a Securities Firm’s Perspective
      2. The Evolution of Chinese Financial Structure in the Future
      3. Core Competitive Edge
      4. Notes
      5. References
    5. CHAPTER 1 Review and Judgment of Historical Roles of Chinese Securities Companies
      1. The Birth and Growth of Chinese Securities Companies—A Brief History
      2. Review of the Pros and Cons of Chinese Securities Companies
      3. Historic Contributions of Chinese Securities Firms
      4. Case Studies: Typical Chinese Securities Firms
      5. Notes
      6. References
    6. CHAPTER 2 Analysis of Functions of Chinese Securities Companies
      1. Theoretical Analysis of Financial Functionality<sup xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">1</sup>
      2. Functional Orientation for Securities Firms
      3. Change of the Chinese Depository System for Security Deposits and How Chinese Securities Firms Function
      4. Institutional Change and Functional Evolution for Chinese Securities Firms—An Analysis with Particular Interest in the Function of an Underwriter’s Goodwill
      5. Notes
      6. References
    7. CHAPTER 3 Analysis of the Management Model of Chinese Securities Companies
      1. Introduction
      2. Organization and Management in Investment Banks: A General Analysis Based on Institutional Banking and Functional Banking
      3. Organization and Management in Chinese Securities Firms: A Historical and Theoretical Review
      4. Selection of Models (Goals) for Change of Organization and Management in Chinese Securities Firms
      5. Some Ideas of Overall Policy for Future Organizational and Management Transformation in Chinese Securities Firms
      6. Notes
      7. References
    8. CHAPTER 4 Analysis of the Profit Model of Chinese Securities Companies
      1. Theoretical Analysis of Profitability Models
      2. Profitability Structures of Chinese Securities Companies
      3. Profit Methods of the Main Business of Securities Companies
      4. Characteristics of the Profitability Model of Securities Companies
      5. Construction of New Profitability Models
      6. Case Studies
      7. Notes
      8. References
    9. CHAPTER 5 Analysis of Risk Management in Chinese Securities Companies
      1. Status Quo and Trend Analysis of Risk Management in Securities Companies
      2. Management of Risks Associated with Traditional Business of Chinese Securities Companies
      3. Management of Risks Associated with Innovative Business of Securities Companies
      4. References
    10. CHAPTER 6 Analysis on Structure and Competitiveness of Talent in Chinese Securities Companies
      1. Development Trend and Core Competitive Strength in the Securities Industry
      2. Demand for Talents in the Development of the Securities Industry
      3. Comparative Advantages and Disadvantages of Wealth Management Talent in the Securities Industry
      4. Effective Talent Management in Securities Companies
      5. References
    11. CHAPTER 7 Analysis of Sponsor Regime for Chinese Securities Companies
      1. Origin and Development of the Sponsor Regime in China
      2. Analysis of Punishments Imposed by the CSRC on Rule-Breaching Sponsors
      3. Rule Breaking Sponsor—Case Studies
      4. Intrinsic Flaw of the Sponsor System: Imbalance between Profit and Risk
      5. Direction for Sponsor System Reform
      6. References
    12. CHAPTER 8 Experience and Lessons from International Investment Banks (Securities Companies) in Mature Markets
      1. Overview of the Development History of Investment Banks in the Mature Overseas Market
      2. Analysis of Investment Bank Regulation in Mature Overseas Markets
      3. Analysis of the Organizational Structures of Investment Banks in Mature International Markets
      4. Analysis of Business Structures of Investment Banks in Mature International Markets
      5. Analysis of the Internal Control of Investment Banks in Mature International Markets
      6. What China Can Learn from the Development of Investment Banks in Mature International Markets
      7. References
    13. CHAPTER 9 Future Development and Reform Focuses of Chinese Securities Companies—General Principle
      1. Some Directions for the Future Development of Chinese Securities Firms
      2. Some Priorities of Future Reform in Chinese Securities Firms
      3. References
    14. About the Author
      1. Wu Xiaoqiu
    15. Index
    16. End User License Agreement