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Research Report on Chinese Securities Industry, 2009
China Research & Intelligence, July 2009, Pages: 50
After a few years of adjustment, in 2008, Chinese securities industry remained the tendency of profit growth which started from 2006. The risk-control capacities of Chinese securities companies were enhanced significantly. The profits of the industry mainly came from the deepened intermediate services of securities. The risks of self-support investment and other investments were controlled well in general.
In 2008, there was an 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
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