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论文编号：	9921
作者编号：	2220160583
上传时间：	2018/5/30 13:28:47
中文题目：	ZZ证券公司证券投资基金托管业务发展经营策略研究
英文题目：	Business Strategy Research on the Development of Securities Investment Fund Custody Business of ZZ Securities Company
指导老师：	郝臣
中文关键字：	证券公司，托管业务，基金外包，私募基金
英文关键字：	securities companies， custody services， fund outsourcing;，private equity funds
中文摘要：	随着以券商为代表的我国非银行金融机构基金托管业务的逐渐展开，我国商业银行垄断基金托管业务的格局发生转变。以券商为代表的非银行金融机构，将在基金托管的市场竞争扮演越来越重要的角色，能够促进行业托管服务水平的提升，并为证券公司等非银行金融机构的创新业务发展提供更为广阔的空间。在我国金融市场中，券商长期受制于商业银行，基金严重渠道。商业银行依托销售和托管业务在基金渠道占据较高比例的托管、销售和维护费用，对这基金行业的长期发展产生不利的影响。基于此，证监会采取种种措施，例如依托电子化支付平台的第三方支付等，加强金融市场的其他主体在基金市场中的重要性。其中，在托管业务上分享银行业的蛋糕，是最新的重要举措。证券公司具有完备的人员和职能支持体系，能够独立合法地履行托管业务职责。在其非公募资产的托管业务开展的过程中，也已积累了一定的托管经验，能够根据客户的多样化需求，提供优质的托管增值服务。证监会对证券公司开展基金托管业务的资格门槛设置和商业银行的要求基本一致，为证券公司开展基金托管业务提供了重要的制度支持。本文通过对已有研究的分析和托管业务实践开展的思考，十分清晰把握了中国证券公司开展托管业务发展的阶段、现状。其次结合ZZ证券托管部实例，通过介绍部门组织构架、系统建设、人员配备、国家税收制度改革对托管业务影响等，明确ZZ证券托管部开展基金外包及资产托管业务的具体状况、取得的经验成果和存在的各类问题，找到成因。在深刻分析成因的基础上，提出相应对策。本文分为六个章节。第一章是引言部分，该部分主要介绍了本文选题背景和目的、选题内容与创新性和本文的研究方法；第二章是本文的理论基础与文献综述部分，介绍了我国证券投资基金托管业务和概念和发展概况以及托管的业务流程；第三章论述证券公司开展托管业务的概况，对证券公司开展托管服务业务进行相关的可行性分析，并从政策支持和行业数据方面介绍了托管业务的发展情况；第四章以ZZ证券为例，概述其托管业务的组织结构及托管业务设计现状；第五章对ZZ证券开展托管业务进行了SWOT分析，并对中间存在的问题进行了相关分析；第六章针对我国证券公司托管业务的开展提出了若干建议，并得出了相关结论。
英文摘要：	On March 15, 2013, the China Securities Regulatory Commission issued the Interim Provisions for the Implementation of Securities Investment Fund Custody Business by Non-bank Financial Institutions, which took effect on June 1, 2013, allowing brokers and other non-banking institutions to conduct fund custody services within China. The pattern of commercial bank monopoly fund custody business has undergone a fundamental change. The official joining of non-banking institutions such as brokerage firms and foreign banks will promote market competition for fund custody, promote the quality of custody services, and provide space for innovative businesses such as securities companies and other non-banking institutions. Brokers are subject to commercial banks for a long period of time in the fund channel, and commercial banks take away a high percentage of sales, maintenance and custody fees from fund sources through sales and custody services. This situation is not so conducive to the long-term development of the fund industry. Based on this, the China Securities Regulatory Commission adopted various measures, such as the promotion of third-party sales channels and third-party payment relying on electronic payment platforms. Among them, sharing banking cakes in hosting business is the latest important measure. Securities companies' non-self-personnel and systems already have the ability to fulfill various statutory responsibilities of the fund custodian. During the process of the non-public equity assets custody business, they have accumulated certain trusteeship experience and can meet the diverse needs of customers. Provide quality hosting value-added services. The qualification threshold set by the CSRC for the securities companies to carry out fund custody business is basically the same as that of commercial banks, providing important institutional support for securities companies to carry out fund custody business. On the basis of clarifying the background, this paper has a clear understanding of the stages and status of China's securities companies in the development of custody services by finding out the concepts of literature and thinking theory, and finding a practical foothold. In combination with the ZZ securities custody department, through the introduction of the organizational structure of the department, system construction, staffing, and the impact of the reform of the national taxation system on the custody business, the ZZ Securities Custody Department will clarify the specific status and experience of the fund outsourcing and asset custody business. And the various problems that exist, find the cause. Based on a profound analysis of the causes, the corresponding countermeasures are proposed. This article has six parts. The first chapter is the introduction. It introduces the background and purpose of the topic and so on. The second chapter is the theoretical basis and literature review, introduces China's securities investment Funds custody business and concept and development overview and custody of business processes. The third chapter discusses the overview of custody services carried out by securities companies, conducts a feasibility analysis on the custody services business of securities companies, and introduces policy support and industry data. The development of custody services. The fourth chapter takes ZZ Securities as an example to outline the organizational structure of custody services and the current status of custody service design. Chapter 5 conducts a SWOT analysis of custody services conducted by ZZ Securities and conducts the middle problems. Related analysis; Chapter six put forward some suggestions for the development of the custody business of China's securities companies, and reached relevant conclusions.
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