期货公司重组与证券公司收购的政策分析——以参与金融期货经纪业务为视角

The Policy Analysis of Futures Companies Restructuring and Security Companies Takeover——From the View of Participating in Financial Futures Business as Introduce Broker

在中国金融期货经纪业务将由期货公司专营的政策安排下,创新类券商在金融期货市场发展初期,将通过收购期货公司,以期货介绍经纪商(IB)身份参与金融期货经纪业务。本文介绍了中国发展金融期货的背景,分析了期货公司获得金融期货经纪业务专营资格与开展这一业务进行重组的情况,并分析了券商收购期货公司的资格与多项的政策支持与实施。

Under the policy that futures broker business will be monopolized by futures companies in China, in the initial stage of the development of futures market, innovative security companies will participate in the financial futures business as introduce brokers （IB） through takeover futures companies. The paper has analyzed the situation that futures companies gain the exclusive qualification of futures broker business and restructure by developing the business, and also analyzed the qualification of purchasing futures companies for security companies and the support and implementation of several polices.