Value Creation and the Growth of Securities Firms: Dilemmas and Solutions in China's Securities Industry

Author: Teng Tai
Publisher:
Publish Date: 2003-08-01
Features: In the more than 100 years of its development history, securities companies have not only strived to enhance the supporting value of their securities services but have also taken on a variety of roles as the communicator of capital supply and demand, risk taker, credit intermediary, investment bank, transaction facilitator, consultant, venture capital investor, and creator of virtual assets. Leveraging securities business, they directly create value for both the real economy and the virtual economy. It is precisely for this reason that, after more than 100 years, the securities industry has not only avoided becoming a declining industry like those traditional industries that emerged in the same era but has instead achieved increasingly larger profit margins.