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Securities industry in China is an article on the securities industry in mainland China. ==History== *1995, China’s first joint venture investment bank – China International Capital Corp (CICC) was established, shareholders included Morgan Stanley International. *March 2002, Changjiang Securities and BNP Paribas signed the Sino-foreign joint venture securities companies’ framework agreement, establishing the first joint-venture securities company after China entered the WTO. *June 2002, China Securities Regulatory Commission issued the “Establishment of Securities Companies with Foreign Equity Participation Rules”, setting the maximum stake at 33% for foreign joint venture partners. The measure was implemented on July 1, 2002. *2004, Goldman Sachs Group joined with Gao Hua Securities to establish a joint venture Goldman Sachs Gao Hua Securities in order to enter China market. *September 2005, UBS Restructuring of Beijing Securities Project, preparation of UBS Securities was approved by the State Council. This was the first time for mainland to allow foreign institutions to own the management rights of mainland securities companies. This was also the first case for foreign institute to own the mainland securities license. *September 2006, China Securities Regulatory Commission (CSRC) announced a suspension on approval of new securities companies (including foreign-invested securities companies) and commercial offices. *May 2007, in the Second Sino-US Strategic Economic Dialogue (SED), Chinese Government promised to resume approval of new securities companies and declare a gradual expansion in the business scope of joint venture securities companies before the Third SED. *December 2007, CSRC announced the resume of approval of Joint-venture securities companies and qualified securities companies can apply to set up.〔http://zq.100xuexi.com/HP/20100509/DetailD1027800.shtml 〕 *July 2007, CSRC announced a new regulatory classification base on securities companies risk managing ability and classified them into A (AAA, AA, A), B (BBB,BB, B), C(CCC, CC, C), D and E 11 classes. *December 2007, SCRC started to launch business license management on securities companies which indicate that securities companies’ ability on risk management will directly affect their capability in business scope, especially in the innovation business license *2007, 17 brokerages received A-class rating, in which 2 of them are AA while 15 are A in rating. *July 2008, 31 brokerages received A-class rating, in which 10 of them are AA while 21 are A in rating. *May 26, 2009, CSRC announced a new securities regulatory classification in order to improve the existing classification criteria of securities companies. Under new regulation, 30 brokerages received A-class rating, 58 in B-class rating and 17 in C-class rating. *China’s securities companies are facing more fierce competitors from outside investors. Goldman Sachs, UBS and many other international foreign institutions started to set up joint venture securities companies in China. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Securities industry in China」の詳細全文を読む スポンサード リンク
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