Research And Markets Research And Markets

China Brokerage Market

  • ID: 444822
  • April 2007
  • Region: China
  • 176 Pages
  • China Knowledge Press
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  • Citic Securities Co.
  • GF Securities Co.
  • MORE

China's stock market saw a particularly bullish year – it went up approximately 80% in 2006. This is a drastic change from 2001, when the market fell into a 5-year long bear market with the Shanghai Stock Exchange slumping down to the bottom of 1092.82 in October 2005. But in 2006, the China's stock market rose unexpectedly, a culmination of factors such as the huge liquidity, booming economy, the effects of the non-tradable share reform and the ongoing restructuring of securities firms.

The booming stock market directly benefited the profitability of securities firms and the revenues of securities firms achieved fast growth whether for their brokerage or underwriting divisions. Although the overall industry saw relatively high growth in revenue on average, each firm had its own individual financial performance, especially in terms of underwriting.

To foreigners, the current booming stock market gives 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 although the government has made the READ MORE >

Note: Product cover images may vary from those shown
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  • Citic Securities Co.
  • GF Securities Co.
  • MORE

Chapter 1: China's stock market
1.1 Key events in China's stock market
1.2 Types of shares
1.3 Market overview
1.3.1 Stock market trends
1.3.2 Market cap
1.3.3 Listed companies
1.3.4 P/E ratios
1.3.5 Turnover rates
1.3.6 Shares trading

Chapter 2: China's securities firms
2.1 A brief review
2.2 Business range
2.3 Financial profile

Chapter 3: China's securities investors
3.1 Investor mix
3.2 Institutional investors
3.2.1 Securities investment fund
3.2.2 Insurance companies
3.2.3 The social security fund
3.2.4 Qualified foreign institutional investors
3.2.5 Other institutional investors

Chapter 4: Regulators and legal framework
4.1 Securities regulators and related organizations
4.2 Legal framework

Chapter 5: Profit models of securities brokerage
5.1 Overall revenue structure
5.2 Brokerage revenue structure
5.2.1 Stock trading commissions
5.2.2 Spot bond trading commissions
5.2.3 Bond repo trading commissions
5.2.4 Fund trading commissions
5.2.5 ETF trading commissions
5.2.6 Warrant trading commissions
5.2.7 Interest margin income
5.2.8 Total brokerage income

Chapter 6: Market concentration
6.1 Revenue concentration
6.2 Geographical concentration

Chapter 7: Business models of brokerages
7.1 Swollen business outlets
7.2 Booming online trading

Chapter 8: Major market players
8.1 Guotai Junan Securities Co.
8.2 Citic Securities Co.
8.3 GF Securities Co.

Chapter 9: Development trends
9.1 A sweeping restructure of the industry
9.2 Accelerated transformation of the business model
9.3 Increasing number of foreign participants
9.4 Listing in China's stock exchange through back-door listing or IPOs

Appendix: Special report: China's securities houses: a young sector struggling for survival

Note: Product cover images may vary from those shown
3 of 4

- Citic Securities Co.
- GF Securities Co.
- Guotai Junan Securities Co.

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown