境内综合类券商和境外券商合作：背景及策略分析.pdfVIP

券商应抓往这个学习的机会，先借助国际合作伙伴的实力，引入海外券商市场化 运{乍穰魏和管理经骏，热速与莺鞲接轨豹步伐，辆宽泣务溪域，取褥领先一步静 优势。 本文通过对境内综合类券商目前面临的生存困境及自身特点的分析，掇出了 瑟瑟缓终券亵魏国黪竞争，久整三囊五年表壤肉券亵麴强叁舞实力靛鸯效秘溪实 途径——中外合作，并着重分析了在2002年7月1日正式生效的《外资参股证 券公司设立规则》的限制下，境内综合类券商在选择合作伙伴、采取的合作模式， 鞋及在合佟业务上也黩充分发挥毽赛缆势酶策略。怼合作中鸯霹憨出瑰豹股投之 争、公糊治理结构、渡务战略的合作与竞争戳及风险控制方式等方面的阐撩，本 文也进行行了简单讨论，提出了相威的对策。最厝以中金公司作为案例进行分析， 通过该公司在股本融资、收购兼并镣业务上的成功运作以及其在行业内形成的领 先遣位，苏实筏窝程了串终合佟对境内券鬻国际竞争力上嚣掇离。 关键漏：综合类券裔，凌羚券巍，合佟，鹜爨，策錾 Ⅱ The Cooperation of Colligate Securities Firms With Foreign Securities Firms：Background And Analysis Of The Strategy Abstract JILing Af酶f端。犯{酝m ten years’development in the securities{ndustD；擞e s抒e鞋g魄of巍e c。掰g鑫耙 8。curi缸e5 fiHn8 nat．onwide has been greatly reinforced．But the mode ofcareless m鞠agement釉d ㈣煅ep铋dence on强e market still hash’t been changed。In the p躐，铂ey五ave m。n嘲嚣删垃撑 market and undertake the selling business of the first stage market and broker business of t11e 5。cond 5馋ge market·Although seldom involving in the consultation；pur确ase and嚣nne鬲 ‘n郴抽。nt and蠢nanc蛾of the enterprises，the secttdties firms still gain substantiaI Drofit＆．But 81瑚。the late halfof200 1，with the drastic falling of security market and the long time Iow．the w{1掰。b8i蝴met the plight of overall loss．And the malpractice such as small seale．similar b心n船s，mono-pro最t and low ability in risk management within the mdus廿y has become more and more obvious In Deq 12，China became a member ofWTO,the opening ofthe seeurities market wiII attract 也e for堍n se湖矗ies fmns to en瓣the market in the form ofjoifIt capital．Aecofdi豫毛。氆e conse址。w蚰．mm。廿聪eyears ofentry,the securitiesmarketwill allow o o venture．．theform j int And i“the initial stage,the foreign party㈨only hold the 33％ofthe sto咄besjde tlIis，there勰 8l”strl畦regulations on the range ofbusiness+But it doesnt m渤像艟妞sec嘲d8是嗍洫side the country can mst easy,Except being familiar with the securities business and take岫 ∞溉8蜘珏醚＆national market in鑫balanced propo癍on,the securities魅釜蜘in the i籍黝o} posltion∞the capital scale,the mechanism ofthe enterprise and