The Regulation Of Brokerage Business Failed To Catch Up With The Idea.

Recently, due to the tight cash position at the end of the year and the fall in the price of treasury bonds, the state owned securities belonging to the two or three line level of the securities brokerage company took charge of the warehouse. Although the management had stopped bleeding immediately, it did not deteriorate the market, but the risks brought to the market were worth taking care of.

In recent years, financial innovation has really created many strange derivatives, and the market is in a stable stage. That's not bad. The interests of all stakeholders are different. But once the market is highly volatile, it will be clear.

As a matter of fact, in the era of low interest rates, treasury bonds are the highest and most secure varieties of credit rating. How can we make such a risky paction in the hands of securities dealers? This is to say from 20 years ago.

In the same year, a securities company blocked the sale of 1 billion yuan of treasury bonds, and the broker began to beat their own calculations. They said that your people bought 100 thousand yuan of treasury bonds at home and were not safe. I provided free custody business, so the customer got a copy of the custody list. In this way, the broker sold his own custody checks at the same time, and sold 1 billion yuan of treasury bonds to sell 5 billion yuan.

This operation was 20 years ago.

China is no secret.

Such operations eventually left the market with a feather in the market. It also led to the occurrence of many cases and the collapse of securities dealers. In those years, the high interest rate was absorbed by public funds, and now the bond market is no longer the same as the year.

This is the era of low interest rates. Now the market is much larger than it was 20 years ago. The big deal is basically a game between institutions, but even so, greedy brokers can still pick their bones in the eggs and earn their own money.

The way of holding bonds is basically the same: a broker has 10 billion yuan in his hand.

If you wait, you will wait for the maturity income. If the broker does not have the patience, a broker can find the B broker. I will put the 10 billion yuan voucher for you there, you can give me 9 billion, and every year a broker pays some interest on the B broker, and a broker takes 9 billion yuan to do the rolling operation again.

Of course, this generation does not need to move 10 billion yuan of treasury bonds, and open a voucher for commercial credit guarantee. In addition, the so-called "acting" can not be one-way.

Finally, all the crabs in the cage, bring out one, pull out a string.

Guo Hai securities was the early Guangxi securities which came back from the backdoor listing of Guilin Ji Qi, which has been delisted. Now that the incident broke out, Guo Hai securities has blamed two employees for carving the official seal. Such a large amount of capital is in and out. The daily cash position of the company does not have a daily report. This kind of low energy shows that the current regulation of the securities companies has not been carried out, the assessment of the securities companies stays on the mark of formalism, and the supervision of the securities business has not caught the idea.

The outbreak of the national debt generation to the end of the year.

It brings shadow and pressure, which is mainly influenced by capital.

At the end of the year, the capital market was tense. The interest rate hike in the United States increased interest rates, and there were 5 trading days. This year's stock trading is about to end. Compared with the opening of the 3536 market in the year, the closing index has gone down a lot this year, which means that the platform will drop a lot in the coming year, so we will leave the opportunity to next year.

At the end of the year, investors clean up the battlefield, take stock of this year's achievements, and fight again next year!

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