Research Report on Chinese Securities Industry, 2009
In 2008, there was abundant liquidity in Chinese securities industry. It continued to make profits in a whole and all the indexes of risk-control met the standards in general. By December 31st of 2008, the aggregate report assets of 107 securities companies came to 1.2 trillion RMB (171.43 billion USD) and net assets were 358.5 billion RMB (51.21 billion USD). The net funds were 288.7 billion RMB. Besides, the aggregate principals of trusteeship management capitals were 91.9 billion RMB and all the indexes of risk-control met the standards on a whole.
According to the data of 2007, the aggregate report assets of 107 securities companies in China dropped by 30% over the last year. Clients' funds for securities trading and account settlement dropped by 40% and operating revenues dropped by 50%, but the net assets still remained a small growth rate of 4%. Though the net funds of 288.7 billion RMB in the whole industry dropped by 2.7% over the last year, the net funds actually increased 28 billion RMB compared with that of 2007 in comparable terms since securities companies had adjusted the calculation basis of net funds in 2008 according to the new net fund calculation rules.
In the whole year of 2008, Chinese securities companies increased 32 billion RMB of registered funds, exemplifying that the investors in the securities industry were still optimistic on the development prospects of Chinese securities market and Chinese securities industry. It also enhanced prominently the anti-risk capacities of securities companies and objectively formed an affective buffer against the side effects of the global financial crisis.
After a few years of adjustment, the management principles of Chinese securities companies tended towards stability and the risk-control capacities were enhanced continuously. As Chinese securities companies gradually positioned themselves as intermediary service organizations, the scales of self-support business of securities companies were narrowed down continuously in 2008. At present, the scales of self-support business of over 100 securities traders are less than 60 billion RMB, among which the scales of stocks were less than 40 billion RMB. Therefore, on the background of the declining stock market, the losses of securities companies on self-support business were comparatively small and it had little impacts on the profits of securities traders.
Through this report, readers can acquire the following and more information:
- Present situation of Chinese securities industry
- Introductions of the market segments of Chinese securities industry
- Introductions of the main local enterprises in Chinese securities industry and their operation status
- Introductions of the main foreign-funded enterprises in Chinese securities industry and their operation status
- Situation of M&A in Chinese securities industry
- Predicts on the development of Chinese securities industry
The author recommends the following persons to buy this report:
- Securities traders
- Investors in the securities industry
- Potential investors in the securities industry
- Research institutions concerning Chinese securities industry
- Other persons concerning Chinese securities industry
1 OVERVIEW OF CHINESE SECURITIES INDUSTRY
1.1 Brief analysis on Chinese Securities Industry
1.1.1 Analysis on the Development Process
1.1.2 Analysis on the Present Situation
1.2 Analysis on the Development Environment
1.2.1 Macroeconomic Environment
1.2.2 Policy Environment
1.3 Analysis on the Competition Pattern
1.3.1 Analysis on the Main Competitors
1.3.2 Analysis on the Potential Competitors
1.3.3 Analysis on the Competition Tendency
1.4 Analysis on the Foreign Investment of Chinese Securities Market
1.4.1 Overview of the Foreign Investment of Chinese Securities Market
1.4.2 Features of the Foreign Investment of Chinese Securities Market
2 ANALYSES ON THE MARKET SEGMENTS OF CHINESE SECURITIES
2.1 Stock Market
2.1.1 Overview of the Stock Market
2.1.2 Analysis on the Features of the Stock Market
2.1.3 Analysis on the Development Tendency of the Stock Market
2.2 Bond Market
2.2.1 Overview of the Bond Market
2.2.2 Analysis on the Features of the Bond Market
2.2.3 Analysis on the Development Tendency of the Bond Market
2.3 Futures Market
2.3.1 Overview of the Futures Market
2.3.2 Analysis on the Features of the Futures Market
2.3.3 Analysis on the Development Tendency of the Futures Market
2.4 Fund Market
2.4.1 Overview of the Fund Market
2.4.2 Analysis on the Features of the Fund Market
2.4.3 Analysis on the Development Tendency of the Fund Market
3 ANALYSES ON THE IMPORTANT COMPANIES IN CHINESE SECURITIES MARKET
3.1 CITIC Securities Co., Ltd.
3.1.1 Overview of the Company
3.1.2 Analysis on the Operation Status
3.1.3 Analysis on the Development Strategy
3.2 Haitong Securities Co., Ltd.
3.2.1 Overview of the Company
3.2.2 Analysis on the Operation Status
3.2.3 Analysis on the Development Strategy
3.3 Guotai Junan Securities Co., Ltd.
3.3.1 Overview of the Company
3.3.2 Analysis on the Operation Status
3.3.3 Analysis on the Development Strategy
3.4 Galaxy Securities Co., Ltd.
3.4.1 Overview of the Company
3.4.2 Analysis on the Operation Status
3.4.3 Analysis on the Development Strategy
3.5 Guangfa Securities Co., Ltd.
3.5.1 Overview of the Company
3.5.2 Analysis on the Operation Status
3.5.3 Analysis on the Development Strategy
3.6 Shenyin & Wanguo Securities Co., Ltd.
3.6.1 Overview of the Company
3.6.2 Analysis on the Operation Status
3.6.3 Analysis on the Development Strategy
3.7 Guosen Securities Co., Ltd.
3.7.1 Overview of the Company
3.7.2 Analysis on the Operation Status
3.7.3 Analysis on the Development Strategy
3.8 Merchants Securities Co., Ltd.
3.8.1 Overview of the Company
3.8.2 Analysis on the Operation Status
3.8.3 Analysis on the Development Strategy
3.9 China Securities Co., Ltd.
3.9.1 Overview of the Company
3.9.2 Analysis on the Operation Status
3.9.3 Analysis on the Development Strategy
3.10 Huatai Securities Co., Ltd.
3.10.1 Overview of the Company
3.10.2 Analysis on the Operation Status
3.10.3 Analysis on the Development Strategy
3.11 Everbright Securities Co., Ltd.
3.11.1 Overview of the Company
3.11.2 Analysis on the Operation Status
3.11.3 Analysis on the Development Strategy
3.12 Qilu Securities Co., Ltd.
3.12.1 Overview of the Company
3.12.2 Analysis on the Operation Status
3.12.3 Analysis on the Development Strategy
3.13 Essence Securities Co., Ltd.
3.13.1 Overview of the Company
3.13.2 Analysis on the Operation Status
3.13.3 Analysis on the Development Strategy
3.14 China Jianyin Investment Securities Co., Ltd.
3.14.1 Overview of the Company
3.14.2 Analysis on the Operation Status
3.14.3 Analysis on the Development Strategy
3.15 CICC
3.15.1 Overview of the Company
3.15.2 Analysis on the Operation Status
3.15.3 Analysis on the Development Strategy
3.16 Orient Securities Co., Ltd.
3.16.1 Overview of the Company
3.16.2 Analysis on the Operation Status
3.16.3 Analysis on the Development Strategy
3.17 Changjiang Securities Co., Ltd.
3.17.1 Overview of the Company
3.17.2 Analysis on the Operation Status
3.17.3 Analysis on the Development Strategy
3.18 Founder Securities Co., Ltd.
3.18.1 Overview of the Company
3.18.2 Analysis on the Operation Status
3.18.3 Analysis on the Development Strategy
3.19 Guodu Securities Co., Ltd.
3.19.1 Overview of the Company
3.19.2 Analysis on the Operation Status
3.19.3 Analysis on the Development Strategy
3.20 Hongyuan Securities Co., Ltd.
3.20.1 Overview of the Company
3.20.2 Analysis on the Operation Status
3.20.3 Analysis on the Development Strategy
4 ANALYSES ON THE FOREIGN SECURITIES TRADERS IN CHINESE MARKET
4.1 Merrill Lynch
4.1.1 Overview of the Company
4.1.2 Analysis on the Investment in Chinese Market
4.1.3 Analysis on the Development Strategy in Chinese Market
4.2 UBS Warburg
4.2.1 Overview of the Company
4.2.2 Analysis on the Investment in Chinese Market
4.2.3 Analysis on the Development Strategy in Chinese Market
4.3 Nomura Securities
4.3.1 Overview of the Company
4.3.2 Analysis on the Investment in Chinese Market
4.3.3 Analysis on the Development Strategy in Chinese Market
4.4 CLSA
4.4.1 Overview of the Company
4.4.2 Analysis on the Investment in Chinese Market
4.4.3 Analysis on the Development Strategy in Chinese Market
4.5 Citicorp Securities
4.5.1 Overview of the Company
4.5.2 Analysis on the Investment in Chinese Market
4.5.3 Analysis on the Development Strategy in Chinese Market
4.6 Morgan Stanley
4.6.1 Overview of the Company
4.6.2 Analysis on the Investment in Chinese Market
4.6.3 Analysis on the Development Strategy in Chinese Market
4.7 Hang Seng Securities
4.7.1 Overview of the Company
4.7.2 Analysis on the Investment in Chinese Market
4.7.3 Analysis on the Development Strategy in Chinese Market
4.8 Samsung Securities
4.8.1 Overview of the Company
4.8.2 Analysis on the Investment in Chinese Market
4.8.3 Analysis on the Development Strategy in Chinese Market
5 ANALYSES ON M&A OF CHINESE SECURITIES INDUSTRY
5.1 Overview of M&A
5.1.1 Analysis on the Present Situation of M&A of Chinese Securities Industry
5.1.2 Analysis on the Tendency of M&A of Chinese Securities Industry
5.2 Analyses on the Cases of M&A of Chinese Securities Industry
5.2.1 China Cinda Asset Management Corporation M&A Hantang Securities
5.2.2 China Cinda Asset Management Corporation M&A Liaoning Securities
5.2.3 China Jianyin Investment Securities M&A Hongyuan Securities
5.2.4 CITIC Securities M&A Kington Securities
5.2.5 Guangfa Securities M&A First Securities
5.2.6 UBS M&A Beijing Securities
5.2.7 Chengdu Urban Construction Investment and Development Co., Ltd M&A Sinolink Securities Co., Ltd
5.2.8 Founder Securities M&A Taiyang Securities
5.2.9 Founder Securities and Credit Suisse Set up Jointly Credit Suisse Founder Securities
5.2.10 New Times Securities M&A Shanghai Fareast Securities
5.2.11 Shanxi Securities and Deutsche Bank Set up Jointly Sino-Deutsche Securities
5.3 Outlooks on M&A of Chinese Securities Industry
6 OUTLOOKS ON CHINESE SECURITIES INDUSTRY, 2009
6.1 Analysis on Main External Factors
6.1.1 Global Financial Crisis
6.1.2 Tendency of Chinese Macro Economy, 2009
6.2 Analysis on Internal Factors
6.2.1 Analysis on the Brokerage Business of Securities Companies
6.2.2 Analysis on the Self-support Business of Securities Companies
6.2.3 Analysis on the Underwriting Business of Securities Companies
6.2.4 Analysis on the Cost Control of Securities Companies
Chart Total Market Values of Chinese Stocks, 2004-2008
Chart Aggregate Numbers of Listed Companies in Chinese Stock Market, 2004-2008
Chart Annual Publish Scopes of Corporate Bonds, 2004-2008
Chart Total Transaction Values of Chinese Futures Market, 2004-2008
Chart Comparison on Trading Volumes of Different Futures Products in Chinese Futures Market
Chart Regulations on Business of Securities Traders by China’s Securities Regulatory Commission
Chart Investment Quota of Some Authorized QFII
Chart Total Investors in Chinese Securities Market, 2004-2008
Chart Release Situation in the Primary Market of Bonds, 2008
Chart Chinese Futures Market and Listed Products
Chart Operation Status of Galaxy Securities, 2008
Chart Operation Status of Guotai Junan Securities, 2008
Chart Operation Status of CITIC Securities, 2008
Chart Operation Status of Haitong Securities, 2008
