The development of online securities trading must meet many basic conditions, including the following. (1) Perfect infrastructure construction. Online securities trading is based on the Internet, Website construction . The way of Internet access and the Internet access service are the basic factors that affect the development of online transactions. In recent years, China has made great progress in these aspects, and the main technologies supporting securities e-commerce have become increasingly mature, laying a solid foundation for the development of China's online securities brokerage business. However, due to the imperfection of these infrastructures, the speed of Internet access is slow and the cost of Internet access is high, which is still the basic factor restricting the development of online securities in China.
The key to improving the network communication speed is to increase the bandwidth of the backbone network, the bandwidth of the interconnection of the backbone network and the bandwidth of the last kilometer to connect the end users. China has developed rapidly in the construction of backbone network, and is still accelerating the construction of cable TV two-way network. With the laying of two-way networks in central cities, the securities trading system based on the two-way network of cable TV will have practical value. Its bandwidth, efficiency and low price are unmatched by telecommunications networks. The interconnection between the cable TV two-way network and the telecommunications network, and the realization of the construction of the last kilometer to connect the end users, will fundamentally solve the problem of Internet speed and Internet access costs, which will enable the rapid development of network securities with an unlimited future.
(2) Build a high-level online securities trading platform. The platform providing online securities services for investors should be able to provide customers with available, efficient, low-cost, safe and reliable online securities services. Availability is mainly to provide customers with integrated, all-weather comprehensive services, not only to provide transaction agency services, but also to provide high-level consulting and information value-added services. With the development of business, securities companies should include investment banking, B share underwriting and promotion, financial information, bond business, fund business, brokerage business, wealth management business and other services into the service system.
High efficiency and low cost. We should not only improve the timeliness of online securities information, but also reduce the overall transaction cost. Online securities quotations should be synchronized with stock exchanges to ensure the timeliness of quotations. It is very important for customers to conduct online transactions. There are many factors that affect the market of network securities, such as the way of receiving information, the way of transmitting data, the transmission rate of telecommunications channels, the performance of client hardware equipment, etc. Safe and reliable. Security is the first factor that must be considered in the construction of online securities. When customers conduct online transactions, they are most concerned about security issues. A secure online trading system requires that the selected technology platform products, online securities application platform, WEB server platform, etc. all have perfect security features and support the latest and most popular security protocols and authentication algorithms. Make full use of the certification services provided by the CA certification center established by the national authority.
(3) We will significantly increase the number of Internet users and improve their quality. The statistical results show that as of August 2003, the number of accounts opened by customers entrusted online has reached 5.2473 million, accounting for 15.0496 of half of the total accounts opened in Shanghai and Shenzhen Exchanges (34.8997 million). The proportion of shareholders who use online trading is still very low. To promote online securities trading, we must improve the quality of Internet users and increase the number of Internet users by a large margin. Therefore, it is necessary to popularize computer and network knowledge to meet the needs of modern economic development and let more investors participate in online trading.
