金融危机的启示和中国证券业的发展机遇

The Implication of the Financial Crisis and the Opportunity Brought by This for the Development of China's Security Industry

文章认为,尽管我国证券行业2003年底经历的危机与全球金融危机在性质与危害程度上有所不同,但同样面临了严峻的形势,付出了前所未有的扶持代价,也为应对危机积累了一些经验。文章提出,为更好地促进我国证券业良性健康发展,必须吸取经验教训,始终坚持合规经营,准确把握功能定位,加强风险控制,强化成本管理,并切实做到资本稳健。当前的制度改革为我国证券业提供了重大的机遇,也使之面临更多的风险,如增量机会的高风险、存量机会的老问题、境外机会的新变数等。过去,我国证券公司大多采取先粗放、后集约的发展道路,而今后只有把业务发展转到集约化发展轨道上来,遵循业务赢利规律,与时俱进地调整发展战略,把握好发展机遇,不错过,不放过,才能从根本上提升证券行业的核心竞争力。

The author believes that, though the crisis we experienced at the end of 2003 is different from the global financial crisis in terms of nature and the degree of damage, both of the situations are very severe. While we have gained a lot of experience in coping with the crisis, the cost of that is unprecedented. The author puts forward that, to promote the sound development of China＇s security industry, we should learn from the lessons, adhere to the regulations, fully understand the role this industry plays, strengthen cost management and make the capital to be stable. The current institutional reform brought China＇s security industry with both great opportunities and risks. In the past, most of China＇s security companies developed on the road of ＂first extensive and then intensive＂. But in the future, only if we can develop on the road to be intensive, obeying the rules, adjusting the development strategies with keeping pace with the times and seizing opportunities for the development without missing it, will the security industry radically improve its core competitiveness.