Reforms boost securities firms

Stronger players will benefit more, which could aid stock-market recovery this year

Accelerated capital market reforms have offered great development opportunities for China's securities industry, with stronger players in it set to benefit more than others, analysts said.

"China has been rolling out policies for capital market reforms since October, aiming to facilitate the move of funds from parties with excess capital to parties needing funds - the core function of securities firms," said Ma Kunpeng, an industry analyst with mainland-listed SWS Securities.