银行业和证券业的制度分割,是中国证券市场最大的原罪,也是证券业巨亏的源头证券业的亏损究竟有多大?业内外人士众说纷纭。但不论采用什么标准,证券全行业亏损是不争的事实。不久前有记者询问美国证券投资者保护基金(SIPC)的情况,公开资料显示,SIPC在成立以来的33年之中,理赔总额仅43亿多美元,基金存量现为120多亿美元。回想起来,我原来在美国的公司每年缴给NASD的注册费总计不过数千美元,其中给SIPC的保险费(在1996年以后)不论公司大小一律为年费150美元。印象中证券公司破产 Institutional division of the banking and securities industry is the largest original sin in China’s securities market, but also the source of huge losses in the securities industry What is the real loss of the securities industry? However, no matter what the standard, the loss of securities industry is an indisputable fact. Not long ago, a reporter asked about the SIPF. According to public information, during the 33 years since its founding, SIPC has claimed over 4.3 billion U.S. dollars in total claims and has a deposit fund of more than 12 billion U.S. dollars. In retrospect, the registration fees that I used to pay to NASD in the United States totaled but a few thousand dollars. The premium for SIPC (after 1996) was an annual fee of 150 U.S. dollars, regardless of company size. Impression of the securities company bankruptcy