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Presently China's Stock Market is Undergoing Profound Structural Changes - China Brokerage Market.


DUBLIN, Ireland -- Many would agree that 2004 was the harshest winter for China's securities houses. This is not far from the truth. During that year, the industry's total losses increased to RMB RMB Right Mouse Button
RMB Regional Management Board (USACE)
RMB Rolf Maier Bode (musician, band)
RMB Ren Min Bi (currency of People's Republic of China) 
 15 billion (US$1.81 billion), and a slew of securities houses collapsed amid persistent stock market weakness and stricter regulations.

The brokerage business has been the only bright side to this doom-and-gloom outlook. Compared with shrinking underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 jobs and loss-making proprietary trading Proprietary Trading

When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades.
 and asset management businesses, the brokerage sector still managed to achieve modest growth despite the year's difficult market conditions.

At present, China's stock market is undergoing profound structural changes. Stock market regulators have made great strides in circulating cir·cu·late  
v. cir·cu·lat·ed, cir·cu·lat·ing, cir·cu·lates

v.intr.
1. To move in or flow through a circle or circuit: blood circulating through the body.

2.
 the country's huge non-tradable shares, as well as encouraging fund injection from various sources into the bourses. As the stock market advances in the right direction, the brokerage sector is bullish Bullish

Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook.


bullish 
 on growth.

To foreigners Foreigners

alienage

the condition of being an alien.

androlepsy

Law. the seizure of foreign subjects to enforce a claim for justice or other right against their nation.

gypsyologist, gipsyologist

Rare.
, the current slump facing local securities houses gives them an opportunity to exploit the vast potential of China's securities brokerage market. As the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
 resorts to influencing market forces in order to advance it financial reform roadmap, foreign institutions are set to play an increasingly active role in the sweeping restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics).  of the local securities industry.

Research and Markets (http://www.researchandmarkets.com/reports/c27206) has announced the addition of China Brokerage Market to their offering.

This report serves to provide foreign investors with an in-depth understanding of China's securities brokerage market. It consists of nine chapters and an appendix.

Chapter One gives readers a big picture of China's stock, fixed-income and investment fund market where securities companies derive their brokerage revenues. It also includes a special report analyzing the reasons for the country's bearish Bearish

Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value.


bearish 
 stock market.

Chapter Two is a business and financial review of China's securities companies. A special report on the current problems facing the business is included. Chapter Three elaborates on the structure of China's securities investors and their business cooperation with brokerages.

Chapter Four offers a framework of laws and regulations with regard to the industry, as well as an introduction to the regulators and related organizations. Chapter Five breaks down the business revenues of securities brokerages and illustrates the changes in revenue structure over time.

Chapter Six demonstrates the concentration situation of the brokerage market in terms of both revenue share and regional distribution.

Chapter Seven is a review of the development of two major brokerage business models in China: the traditional outlet-oriented model and the emerging but booming online trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
 model.

Chapter Eight introduces the financial profile and business performance of three major market players.

Chapter Nine offers an analysis of the development trends of China's securities brokerage market in terms of industry restructuring, the transforming business model and increasing foreign participation.

Finally, a complete directory of China's securities companies, regulators and related organizations can be found in the Appendix.

For more information visit http://www.researchandmarkets.com/reports/c27206
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 7, 2005
Words:486
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