WTO框架下中国证券公司的制度创新--中外合资

入世以来,中国出现了几家中外合资证券公司,这为入世后的中国证券公司的发展提供了参考模式.之所以选择合资,原因主要有三目前中国证券公司与国外有实力的证券公司差距太大,不具有竞争优势;合资是中外证券公司双赢的选择;政策允许.而合资证券公司的发展可以采取股份制产权模式,按照现代企业制度来组织架构,建立健全风险控制机制,采取股权激励机制.

Institutional Innovation of China''''s Securities Corporations under WTO''''s Framework Sino- foreign Joint Venture

With entry into WTO, there exist several Sino-foreign joint venture securities Corporations in China, which provide a reference to the development of China's securities corporations. The reasons for the choice of Sino-foreign joint venture are that the huge gap between China's and foreign securities corporations leads to China's lack of competitive advantage, Sino-foreign joint venture is considered to be the mutually beneficial choice of China's and foreign ones, and the policies allow to do so. Sino-foreign joint venture securities Corporations can take this developing pattern: taking property right pattern of share-holding institution, organizing framework according to modern enterprise's institution, establishing risk-controlling mechanism, and taking incentive mechanism of the stock right.