Online Securities Trading in China

Abstract

This paper looks at the adoption of information technology in the Chinese stock exchanges and for online securities trading in China. Because these stock exchanges do not have any major preexisting technology to consider when they automate their operations, they are able to adopt advanced technology. However, the potential and advantages offer by this technology cannot be fully harvested without fundamental structures and proper corporate governance mechanisms in place.

A Conceptual Framework for Online Stock Trading Service Adoption

“…Extant works on Information Systems within the financial domain have drawn from TPB and TAM in order to explain investors' behaviours and attitudes, relating to the adoption of online stock trading, word processing application, intentions to use Internet in financial transaction, as well as adoption of IT outsourcing (Ajzen, 2005;Lee-Pi et al, 2003;Michelle, 2005). Studies on the adoption of online services have also employed either TAM or TPB, in order to forecast and understand user's insight on the choice guiding the intention to use a system (Lina Zhou, et al, 2007;Chi-Lee, 2009b).…”

“…Perceived knowledge can be described as an individual's perception on his or her capability to understand new technology (Michelle, 2005). Knowledge is expected to have an influential impact on a person's decision to use online trading service (Ramayah et al, 2009).…”