Industry Analysis & Industry Trends
The Securities Exchange industry has been extremely volatile over the past five years. In the five years through 2012, industry revenue has been increasing at an annualized rate of 16.3% to reach $6.6 billion. However, in 2008 and 2011, revenue actually fell; meanwhile in 2009, growth was over 100.0%.
As industry revenue is determined by stock market levels and securities trading volumes, changes in these can have a major effect on the industry's performance. For example, in 2011, monetary policies in China were tightened to help control inflation, and there were several interest rate increases. Total security trading value shrank and industry revenue declined 16.0% for the year. But in 2009.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The four largest enterprises in this industry are expected to account for 70.0% of industry revenue in 2012, indicating that this industry is subject to a high industry concentration level.
There are only seven enterprises in this industry–the main stock markets and futures exchanges in China. These enterprises also operate subsidiary companies that provide support services to the exchanges, such as communications, data security, investor information, and other assistance.
The first product from the China Financial Futures Exchange, the CSI 300 Futures Index, was introduced to the market in April 2010. More financial derivatives are expected to be introduced by securities exchanges in China in future years, and the industry concentration level is expected to decline... purchase to read more