日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Expert: Market forces to squeeze China's securities sector

(Xinhua)
Updated: 2007-07-31 08:53

Market competition should drive the number of Chinese securities firms from 104 down to 30 to 50, says leading economist Wu Xiaoqiu.

Revenues generated by commissions on securities trading, driven by the booming stock market, rocketed to more than 80 billion yuan in the first half as against 460 million yuan in 2005, with 83 major firms earning 481 million yuan last year.

As commission revenues were the main income of securities companies, market fluctuation had easily pushed them into tight corners in 2005, when the stock market kept fell, said Cao Fengqi, director of the Research Center for Finance and Securities of Peking University.

Brokering, underwriting and investing were traditionally the three main businesses of securities companies, but small and middle-sized firms lacked the money to cannot afford to the latter two operations, Cao explained.

High commission revenues, generated by daily turnover of 200 billion yuan, were unusual and unsustainable as the stock market would stabilize and turnover would drop to about 100 billion yuan, said Wu, director of the Financial and Securities Institute of Renmin University.

Securities companies would go through a long, cruel and market-determined integration process based on core competitiveness, Wu said.

Companies could expand their revenue channels by integrating listed companies, underwriting and investing, Wu said.

However, small and medium-sized firms could focus on local clients and improve service quality to survive, Cao advised.

Chinese companies should realize that integration was a natural process and learn how to merge and achieve mutual benefits, Wu said.

The country's securities companies broke away from the banks to become independent in 1994.

In 2004, a campaign waged by the China Securities Regulatory Commission to eliminate securities companies involved in fraud, insider trading and other unethical practices reduced the number from 130 to below 110.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 成年人网站免费在线观看 | 97狠狠操| 欧美三级精品 | 一区欧美 | www.av欧美| 麻豆网站在线观看 | 国产黄色片av | 国产xxx在线观看 | 免费观看毛片网站 | 日韩黄色免费视频 | 青青草原国产在线观看 | 91超碰在线 | 日韩亚洲一区二区三区 | 一区中文字幕 | 成人网址在线观看 | 天堂成人国产精品一区 | 四虎影院久久 | 免费观看黄色av | 国产99在线 | 韩国演艺圈悲惨事件在线 | 国产 日韩 欧美 成人 | 超碰免费人人 | 狠狠干中文字幕 | 成人三级做爰av | 北条麻妃青青久久 | 五月婷婷综合网 | 欧美无限看 | 中国黄色a级片 | 五月婷婷综合在线 | 男女做爰猛烈刺激 | av免费一区 | 五月在线 | 一级人爱视频 | 久久看片| 成人在线免费观看视频 | 你懂的在线免费观看 | 日韩在线视频网站 | 日本女人黄色片 | 欧美一级一级 | 日韩视频一区 | 日本一区二区三区在线观看视频 |