Currently, brokers are playing an important role in China securities market.

证券经纪人已成为我国证券市场的重要组成部分。

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Through over ten years rapid development, China securities market has made great progress.

我国证券市场经过十余年的迅猛发展，取得了巨大的成就。

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The weaknesses of efficient market theory prevent it from interpreting the phenomena of China securities market, which proved by theoretical research and practice.

理论研究和实践都证明，有效市场理论存在不足和缺陷，不能解释我国证券市场的许多现象。

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But it's also because the China Securities Regulatory Commission has dramatically boosted its oversight capacity as the market has developed.

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The bond-market investigation, led by China's central bank and top securities regulator, focuses on a kind of transaction that could magnify trading risks for Chinese banks and brokerage firms, the people said.

WSJ: China Probe Focuses on Trading of Bonds

But while many major international banks have seen large writedowns in the wake of rising defaults among the sub-prime mortgage market, the majority of China's US mortgage-backed securities were underwritten by US government agencies such as Fannie Mae.

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