我国券商盈利模式特征分析与风险防范

国内券商的主要利润来源主要集中于传统的四大块业务:经纪业务、承销业务、资产管理业务以及自营业务。这些传统业务最大的特点就是与市场状况高度相关,受市场的波动影响极大,券商只能被动地去接受市场,造成券商盈利处于极大的市场系统风险之中。探索新的盈利模式、改进传统业务对市场高度依赖的盈利模式、拓展业务范围、开展并购咨询业务、实施有效的成本管理、开展外围技术系统业务外包是我国券商防范风险的重要对策。

On the Analysis of the Profit- making Model Features and the Prevention of Risks for Stockjobbers in China

The profit resources of the domestic stockjobbers are chiefly from the traditional four sections, namely brokerage business, consignment business, assets management business and self-employment business. The striking feature of the traditional business is that they are highly related with the market situation and are greatly influenced by the fluctuation of the market. The stockjobbers have to accept the market passively, as a result their profit is in great danger of the risk of the market system. The important risk-preventing countermeasures for the domestic stock-jobbers are to explore the new profit-making models, to improve the traditional profit-making model which is highly dependent on the market, expand the scope of the business, start consultancy business, implement effective cost management and carry on the system business of the peripheral technology .