开展融资融券业务对我国券商经营能力的影响分析研究 财务会计学专业

开展融资融券业务对我国券商经营能力的影响摘 要融资融券交易在国外发达证券市场早已是一种相当成熟的交易制度,是证券市场发挥基本职能的重要基础。我国由于金融市场发展起步晚,市场不成熟和相关法规不完善,融资融券业务一直没有推行,直至 2010 年 3 月才开始在沪深市场试点,2011 年 10 月由试点转为证券公司常规业务,2012 年 8 月 30 日正式开办转融资试点。截至 2013年 1 月 1 日,两市融资融券余额首次突破 1000 亿元达到 1076 亿元。因而融资融券业务试点的开展及其在我国的进一步发展,已经并将继续对我国证券市场产生深远的影响。本文主要分了五个部分对融资融券业务对我国券商经营能力的影响进行了探讨，第一部分是对融资融券业务的理论概述；第二部分分析了我国融资融券业务发展现状；第三部分通过日本的例子进一步分析了融资融券业务对券商的影响；第四部分探讨了融资融券业务对券商经营的影响；第五部分为完善券商经营融资融券业务提出了几条有效措施。关键词：融资融券；券商；影响；风险AbstractMargin trading in foreign developed stock market is already a mature trading system, is an important foundation of the securities market to play the basic functions. As China's financial market development started late, the market is not mature and the relevant laws and regulations are not perfect, the financing securities loan service has not been implemented until 2010 March, began in 2011 October, the Shanghai and Shenzhen market pilot, the pilot securities companies to routine business, officially opened in August 30, 2012, financing pilot. As of January 1, 2013, the two cities margin balance for the first time exceeded 100000000000 yuan to 107600000000 yuan. The pilot of margin trading business development and the further development of our country, has been and will continue to have a profound impact on China's securities market. This paper is divided into five parts to discuss the impact of margin trading business for China's securities companies operating cap...