Risk Management Of Securities Companies In China

Securities company is the market economy develops to a certain extent, the product of the capital markets playing an increasingly important role in the profits for themselves, while also facing variety of risks.in 1987, the first securities company "Shenzhen Special Economic Zone Securities Company" founded in Shenzhen.So far, the number of securities companies has grown to 106, only a short period of 20 years, during which the nations security, China Southern Securities, Dapeng securities Some securities companies once mighty now bankrupt.Since 2007 the global financial crisis, the U.S. almost five investment banks bankrupt, Despite the financial crisis in our country are not overseas so profound shock, this does not mean that the risk management of securities companies in China is lighter than Western investment banks. If domestic securities companies are also open in the capital market environmentinl ike Western investment bank, the collapse of the financial crisis, the loss is enormous. Existing risk management theory and method of risk management of securities companies can not meet the actual needs of risk management of securities companies in China in the new economic environment as a subject worthy of further study. Jianli Western investment banks through practice a variety of risk model is a better system, but the financial crisis in 2007 under the impact of such risk models yet to play their role in the the others, the securities company may on the verge of collapse. One problem is that existing studies do not attach importance to risk management and internal control and to address the question of the interrelated problems, just stop in risk management techniques and tools level, or to risk of risk, isolated discussion of risk, governance, Each element of internal control, etc., have been unable to meet the evolving international financial crisis and the deepening of securities companies urgently and fundamentally enhance risk control capability.This theory of risk management from the security company to start, domestic and foreign literature were reviewed and analyzed, then Risk Management in domestic and foreign securities companies were compared, combined with well-known U.S. investment bank failed risk management case studies, summarizes proposed to China Securities Risk Management. From corporate governance, internal control and risk analysis of regulation of securities firms to discuss the status of risk management, and problems, the final recommendations and targeted measures, and strive to fit the national conditions of China's securities companies to make the development of risk management theory, theory of contribution.The first part of this introduction, the section describes the research background, significance, content, research ideas and methods. Background mainly financial crisis in the context of Western investment banks think about the problems of exposure, and thus the risk management of securities companies deeper research issues. Research significance mainly through securities companies in China the problems of risk management research to point out that corporate governance and risk management, internal control is the core, and I had a proposal of building a risk management framework. The second part is the theory and literature review on risk management and internal control review relevant theory, in the affirmative on the basis of existing theories, pointing out the inadequacies, which started this study. The third part is an overview of relevant theory, first outlined the theory of securities companies, securities companies that in different countries have different titles, and then pointed out that the function of securities firms. Followed by the risk management of securities related to an overview of the company that the content of risk management and core content, the final definition of internal control are outlined, so that risk management and internal control linkages. The fourth part is the comparative analysis of the situation of domestic and foreign research, the first U.S. investment bank to study the advanced management mode, from the financial crisis exposed the problems that foreign investment in risk management deficiencies of the Department, which found that the mathematical model can also be improved can not predict the risk of objective existence, which leads to the core content of this article for the risk management of securities companies is the core part of the internal control. The fifth part of the risk management of securities companies in China made a number of recommendations。...