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Capital Market Reform, Securities Industry Planning Increased Ten Times In Ten Years.

2013/11/22 21:03:00 11

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Capital Market Securities Industry Economy

at present, these organizations, including securities, futures, < a href= "http://www.91se91.com/" > fund < /a >, are likened to those of Xiaogang, which are referred to as the index finger of capital market. The relevant departments have written long-term development plans for various industries and have reported them.

One of the important contents of these plans is how to promote the development of the industry through marketization, legalization and internationalization.

These plans show that the securities industry will "develop ten times in ten years", and the proportion of foreign equity participation in securities business is expected to increase. The scope of joint venture brokerage business is expected to expand, and cross-border businesses will receive more policy support.

industry insiders believe that in Xiaogang's "five fingers theory", the reason why the organization is likened to "index finger" is that as an intermediary to link all links, the responsibility of the organization is to revitalize the overall situation, just like the index finger with the strongest service function among the five fingers.

It is necessary to implement Xiao Gang's thinking that "capital market reform should adhere to the orientation of marketization, rule of law and internationalization".

Analysts say that marketization as the top priority in the reform of the capital market will be the most concentrated direction of the reform measures of the SFC.

in the field of organization, part of regulation relaxation has started, and the market trend is beginning to appear.

Take the securities industry as an example. Last year, the brokers' Innovation Conference held as many as 11 initiatives and 36 specific tasks, including brokerage, information management and self employment.

At present, some business approval has begun to relax.

in fact, improving the competitiveness of intermediaries is not achieved only by relaxing industry control.

In the future, a href= "http://www.91se91.com/" > capital market < /a > the most important market construction, such as the expansion of new three boards, the introduction of registration system, the standardized development of bond market, and so on, all require intermediary agencies to provide services.

The development of intermediary institutions will bring "golden period".

based on this, before and after the third Plenary Session of the 18th CPC Central Committee, many different industries in the capital market carried out top-level design for their medium and long-term development, and formulated medium and long-term development plans.

Taking the securities industry as an example, the sources revealed that after considering the overall consideration, the relevant departments calculated that the growth of the main development indicators of the industry was "ten years and ten times", that is, in 2022, the main business scale indicators, major financial indicators and some relative indicators reflecting social contributions increased by 10 times compared with 2012.

The average annual growth rate of these indicators is about 26% per year.

industry insiders say that regulatory authorities and industry self-discipline organizations have been trying to expand and strengthen the securities industry and promote the internationalization of the industry, so that the development of the industry can keep up with the pace of "going out" of Chinese enterprises.

With regard to the prospect of internationalization of the securities industry, the foregoing plan puts forward that the level of opening up to the outside world has been significantly improved, and the international operation ability of securities companies has been significantly enhanced. The major financial centers and economic centers in the world have set up business organizations to carry out overseas businesses, covering the major countries and regions, providing services for Chinese enterprises and residents to invest in the global market, and providing services for global investors to invest in China.

In the process of opening up to the outside world, China will support the global layout, merger and reorganization, cross border development of our enterprises, and enhance the international influence of China's economy.

to achieve this goal, the foregoing plan put forward that the qualified securities companies should be supported by qualified securities companies through issuing, listing, merging and reorganizing, taking the lead in pilot cross border business and comprehensive operation, and developing into a systemically important institution.

the industry believes that the key to becoming a systemically important institution is the degree of internationalization.

In the future, cross-border businesses will account for a relatively high proportion. Securities companies with strong resource allocation capabilities and influence in the international market and certain international pricing power are expected to receive more support.

in terms of specific measures, on the one hand, it is "imported", and the proportion of foreign equity participation in securities business is expected to increase gradually, and the scope of joint venture brokerage business is expected to expand.

On the other hand, "going global" will provide more policy support for cross-border business.

"P > is different from the new three board expansion and registration system reform that has been" a href= "http://www.91se91.com/" > market < /a >. "The two way opening of capital market" has caused relatively low heat, but there are big articles behind it.

in fact, in recent years, the capital market related industry has paid close attention to the issue of strengthening the competitiveness of institutions to cope with internationalization.

Securities Industry Association data show that the internationalization process of China's securities industry has been progressed step by step.

By the end of 2012, there were 13 foreign-funded securities companies, 1 consulting firms and 1 rating agencies.

19 securities companies set up subsidiaries overseas, and 2 securities companies listed in Hongkong.

Insiders predict that big companies will not be able to get around the international problem. Foreign equity securities companies and foreign listed companies and subsidiaries will increase rapidly.

but at present, the development level and service capability of the whole industry can not fully meet the needs of the real economy opening to the outside world.

At present, global financial regulation and international financial governance are changing rapidly, and the international financial market will be reshaped and adjusted. China's financial reform and development will face a more complicated international environment.

in this process, the demand for "going out" of Chinese enterprises and capital is more and more intense.

On the one hand, the securities industry, which has been closely related to the real economy, will face global competition and will face many challenges from international financial institutions, especially international investment banks.

On the other hand, the internationalization of RMB and the acceleration of marketization of interest rates and exchange rates will increase the demand for cross-border financial services and risk management of enterprises and residents in China, and demand new financial services for industries.