<?xml version="1.1" encoding="utf-8"?>
<article xsi:noNamespaceSchemaLocation="http://jats.nlm.nih.gov/publishing/1.1/xsd/JATS-journalpublishing1-mathml3.xsd" dtd-version="1.1" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><front><journal-meta><journal-id journal-id-type="publisher-id">PBES</journal-id><journal-title-group><journal-title>Proceedings of Business and Economic Studies</journal-title></journal-title-group><issn>2209-2641</issn><eissn>2209-265X</eissn><publisher><publisher-name>Bio-Byword Scientific Publishing Pty. Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26689/pbes.v5i2.3787</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title>The Diversification Strategy of Securities Firms in China from the Perspective of Enterprise Operational Sustainability</title><url>https://artdesignp.com/journal/PBES/5/2/10.26689/pbes.v5i2.3787</url><author>YangHaiyan,HeXinyu,LiXiaoyu</author><pub-date pub-type="publication-year"><year>2022</year></pub-date><volume>5</volume><issue>2</issue><history><date date-type="pub"><published-time>2022-04-08</published-time></date></history><abstract>With the intensified competition in the capital market, the continuous development of internet finance, and the gradual loosening of market regulation, the profit pressure on securities firms relying on traditional business is increasing. In order to seek new profit growth points, many securities firms have ventured into business diversification, but with varying results. From the perspective of enterprise operational sustainability, econometric methods are used to explore the relationship between the diversification and business performance of securities firms in China, putting forward diversification strategies suitable for these firms.</abstract><keywords/></article-meta></front><body/><back><ref-list><ref id="B1" content-type="article"><label>1</label><element-citation publication-type="journal"><p>Qu C, Gao P, 2020, Financial Openness, Diversification and Efficiency of Securities Companies. Finance and Economy, 2020(08): 19-26. DOI: 10.19622/j.cnki.cn36-1005/f.2020.08.003</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B2" content-type="article"><label>2</label><element-citation publication-type="journal"><p>Wu J, Xie W, 2018, Research on “Threshold Boundary Effect” of Diversification Strategy of Chinese Securities Companies. Journal of Central University of Finance and Economics, 2018(07): 101-114. DOI: 10.19681/j.cnki.jcufe.2018.07.009</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B3" content-type="article"><label>3</label><element-citation publication-type="journal"><p>Fang J, 2018, Research on the Impact of Diversification on the Performance and Risk of Commercial Banks, Suzhou University, Jiangsu.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B4" content-type="article"><label>4</label><element-citation publication-type="journal"><p>Xie J, 2020, The Impact of Business Diversification on the Performance of Chinese Securities Companies, Northwest University for Nationalities, Gansu Province. DOI: 10.27408/d.cnki.gxmzc.2020.000469</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B5" content-type="article"><label>5</label><element-citation publication-type="journal"><p>Sun G, 2019, Research on the Impact of Business Diversification on the Operating Performance of Securities Companies in China, Central China Normal University, Hubei Province.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B6" content-type="article"><label>6</label><element-citation publication-type="journal"><p>Yu J, 2018, Research on the Impact of Business Diversification on Business Performance and Risk of Securities Companies in China, Anhui University, Anhui Province.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B7" content-type="article"><label>7</label><element-citation publication-type="journal"><p>Mou Q, 2018, Research on the Impact of Product Diversification and Regional Diversification on Business Performance of Property Insurance Companies in China, Shandong University, Shandong.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B8" content-type="article"><label>8</label><element-citation publication-type="journal"><p>Lin K, Xia W, Chen S, 2019, Research on the Correlation between Diversification and Operating Performance of Local Financial Holding Companies. Finance and Finance, 2019(03): 71-78.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B9" content-type="article"><label>9</label><element-citation publication-type="journal"><p>Wang Z, Zhang Q, 2015, The Impact of Insurance Company Diversification on Performance. Journal of Chongqing University (Social Science Edition), 21(5): 107-115.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B10" content-type="article"><label>10</label><element-citation publication-type="journal"><p>Bei S, Shen J, 2020, An Empirical Study on the Impact of Diversification on the Operating Performance of Listed Commercial Banks in China. Productivity Research, 2020(08): 40-42, 74.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B11" content-type="article"><label>11</label><element-citation publication-type="journal"><p>Krivokapic R, Njegomir V, Stojic D, 2017, Effects of Corporate Diversification on Firm Performance: Evidence from the Serbian Insurance Industry. Economic Research, 30(1): 1224-1236.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B12" content-type="article"><label>12</label><element-citation publication-type="journal"><p>Mao Y, 2014, Risk Analysis of Income Diversification of Securities Companies in China. Financial Circles, 2014(35): 106.</p><pub-id pub-id-type="doi"/></element-citation></ref></ref-list></back></article>
