Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.

  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter: 7 Securities Brokerage Firms

Chapter 7: Securities Brokerage Firms

In the past decades, the securities brokerage sector of China has experienced the same doom-and-gloom as the China’s stock market, and is undergoing profound structural changes. As of 2007, there are 104 security firms that can provide brokerage services in the mainland China. The number of brokerage firms has been decreasing from 127 in 2004 to the current 104 in 2007 due to consolidation of the industry.

Foreign institutions have played active roles in China’s brokerage industry. The slump time facing local securities houses have given them an opportunity to exploit the vast potential of China’s securities brokerage market. As the Chinese government resorts to influencing market forces in order to advance its financial reform roadmap, foreign institutions are set to play an increasingly active role in the sweeping restructuring of the local securities industry. By the end of 2007, foreign capitals are involved in 28 of the 104 brokerage firms with a limit of 30% equity holdings.

This chapter provides basic information on the structure of China’s (including Hong Kong) brokerage industry. It is divided into three sections. The first section describes the requirements and rules regarding establishment and operation of a securities company in mainland China. The second section gives the ranking of top 20 brokerage firms in China, the member firms summary of both SSE and SZSE, and a full list of the securities firms with such parameters as firm name, registered capital, member status of SSE or SZSE, registered place of business, number of branches, URL and business category. The third section is a list of the brokerage firms in Hong Kong with the firm name, address, telephone and fax numbers.



  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint