我国证券业是改革开放的产物 ,迄今已走过了十多年风雨历程。一个产业在经历了发展初级阶段之后 ,都需要一个调整期来重新整合市场结构 ,创造能够适应产业快速发展的新的市场环境。十多年来 ,作为证券市场主要中介机构的证券公司(以下简称券商 )逐渐趋于成熟和壮大 ,同时也迎来 China’s securities industry is the product of reform and opening up, so far has gone through more than 10 years of stormy history. After an industry has experienced the initial stage of development, it needs a period of adjustment to re-integrate the market structure and create a new market environment that can adapt to the rapid development of the industry. For more than a decade, securities companies (hereinafter referred to as brokers), as the major intermediary institutions in the securities market, have gradually become mature and prosperous,