05264nam 22006373u 450 991078705730332120230803205335.01-118-99149-4(CKB)3710000000248741(EBL)1798780(SSID)ssj0001374669(PQKBManifestationID)11766274(PQKBTitleCode)TC0001374669(PQKBWorkID)11325549(PQKB)11027982(MiAaPQ)EBC1798780(EXLCZ)99371000000024874120141006d2014|||| u|| |engtxtccrChinese Securities Companies[electronic resource] An Analysis of Economic Growth, Financial Structure Transformation, and Future DevelopmentHoboken Wiley20141 online resource (574 p.)Wiley FinanceDescription based upon print version of record.1-322-19907-8 1-118-99150-8 Chinese Securities Companies; Contents; Core Points of View; Preface; Acknowledgments; INTRODUCTION Economic Growth, Financial Restructuring, and Prospects of Securities Companies; UNDERSTANDING THE ECONOMIC TRENDS OF CHINA FROM A SECURITIES FIRM'S PERSPECTIVE; The General Growth Trend of the Chinese Economy Going Forward; Changes of GDP and Disposal Income Per Capita; THE EVOLUTION OF CHINESE FINANCIAL STRUCTURE IN THE FUTURE; Historical Data; Evolution Prediction; Internal Incentives for Market Evolution of China's Financial Structure; CORE COMPETITIVE EDGEFour Factors Determining the Competitive Edge of Securities Companies REFERENCES; CHAPTER 1 Review and Judgment of Historical Roles of Chinese Securities Companies; THE BIRTH AND GROWTH OF CHINESE SECURITIES COMPANIES-A BRIEF HISTORY; The Preliminary Phase of Chinese Securities Companies-1987 to 1995; The Fast-Development Phase of Chinese Securities Companies, 1996 to 2001; Administration and Rectification Phase, 2001 to 2005; Normalized Development Phase, 2005 to 2011; REVIEW OF THE PROS AND CONS OF CHINESE SECURITIES COMPANIESTheoretical and Practical Judgment Based on Functions of Securities Companies HISTORIC CONTRIBUTIONS OF CHINESE SECURITIES FIRMS; Facilitating Stock Reforms of State-Owned Companies and Improving Quality of Corporate Operations; Missteps of Chinese Securities Firms and Lessons Learned; CASE STUDIES: TYPICAL CHINESE SECURITIES FIRMS; Wanguo Securities: A Story about a Broken Dream; Jun'an Securities: The Fall of a Star; GF Securities: A Success Story of an Ordinary Unprivileged Business; Haitong Securities: A Shady Deal; Some Puzzling Aspects of This Reverse Takeover DealIndustrial Securities: Robust Management Innovation-Powered Business Growth: Two Transformations; The CICC: Going Upscale; CITIC Securities: The Benchmark Maker; REFERENCES; CHAPTER 2 Analysis of Functions of Chinese Securities Companies; THEORETICAL ANALYSIS OF FINANCIAL FUNCTIONALITY; Particularities of Securities Issuance and Trading; Functions of Information Marketplaces and Securities Firms; How Securities Firms Function: Information Network, Reputation Management, and Tacit Skills; FUNCTIONAL ORIENTATION FOR SECURITIES FIRMS; Financial Market Service ProvidersAsset Securitization Capabilities Capabilities in M&A and Reorganization of Resources Available; Wealth Management Capabilities; CHANGE OF THE CHINESE DEPOSITORY SYSTEM FOR SECURITY DEPOSITS AND HOW CHINESE SECURITIES FIRMS FUNCTION; Misappropriation of Clients' Security Deposits by Securities Firms and the Industry-Wide Crisis; Chinese Depository System Reform; INSTITUTIONAL CHANGE AND FUNCTIONAL EVOLUTION FOR CHINESE SECURITIES FIRMS-AN ANALYSIS WITH PARTICULAR INTEREST IN THE FUNCTION OF AN UNDERWRITER'S GOODWILL; Institutional ChangeFunctional Evolution-An Analysis with Particular Interest to the Function of an Underwriter's GoodwillAt the turn of this century, China's capital market entered a new era. Since then, the continuously fast growth and rising income levels in China have led to significant change in the market's financial structure. Increasingly active financial investments that are becoming more market-oriented and individual demand for financial services have brought about increasing need for diversity, securitization and portfolio management services. Meanwhile, securities companies in China, as the major providers of financial services in the capital market, are going through a period of significant opportunityWiley FinanceBanks and banking -- ChinaChina -- Economic policyFinance -- ChinaInvestment bankingChinaSecuritiesChinaBanks and banking -- China.China -- Economic policy.Finance -- China.Investment bankingSecurities332.0951Xiaoqiu Wu1504471AU-PeELAU-PeELAU-PeELBOOK9910787057303321Chinese Securities Companies3733511UNINA