The listing of mainland fund companies was not proposed by fund companies, and the relevant departments did not make a clear statement. This is because there are still many hurdles for mainland fund companies to go public: first, mainland fund companies are generally young, and their history has only started from 1998, less than 10 years, while securities companies have only developed for more than ten years before reaching the stage of listing; Second, the profit model is single, and the main source of income of fund companies is to collect management fees according to the scale of asset management. When the market is good, the scale of asset management expands and management fees skyrocket; If the market is not good, the scale of asset management will decline, and the fund company's own operation will also be affected. The brokerage business of the same securities industry is relatively diversified, including brokerage business, asset management business and investment banking business, and its operation is relatively stable.

1 Respondent: zq 7935- Level 4 2009-9- 17 14:59