The Restructuring of China's Securities Industry

24 Pages Posted: 12 Mar 2007

See all articles by Takeshi Jingu

Takeshi Jingu

Nomura Institute of Capital Markets Research

Suiyo Ri

Nomura Institute of Capital Markets Research

Abstract

The recent period of radical change in the environment for China's securities firms has exposed a number of problems those firms are facing. In 2004, China's government responded by embarking on a serious effort of reorganizing and restructuring securities firms. Owing in part to a recovery in share prices, earnings for the industry overall recovered in 2006, but real improvement in the firms' viability remains an issue. In this paper, we analyze the problems in China's securities industry thus far and what may be behind those problems, summarize the restructuring that has taken place since 2004, and project the direction of future developments in China's securities industry.

Keywords: China, securities, share, restructuring

JEL Classification: G24, G28, P34

Suggested Citation

Jingu, Takeshi and Ri, Suiyo, The Restructuring of China's Securities Industry. Nomura Capital Market Review, Vol. 9, No. 4, 2006, Available at SSRN: https://ssrn.com/abstract=968532

Takeshi Jingu

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan

Suiyo Ri (Contact Author)

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan

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