Securities Companies To Guard Against The Risk Of Gem

RESEARCH ON RISK MANAGEMENT OF STOCKJOBBER IN THE NEW MARKET OF CHINAMAJOR STUDY Technology Economics and Management POSTGRADUATE Hu Hui SUPERVISOR Li XiangDongVenture investment and the new market of china are popular economical topics in recent years, especially after the launching of the growth enterprise market of Hong Kong in November 1999. The functions of the new market of china for financing and pushing technology to real productivity have aroused interests of people from all walks of life.Much research has been conducted towards macro level of the new market of china, but little effort has been focused on the micro level, especially on stockjobber who plays the most important role in the new market of china. This article is to analyze risks which stockjobber may encounter in the new market, and to find strategy and methods to avoid all these risks.Stockjobber plays many roles and takes responsibilities in the new market. It is consignee, Guarantee-commended man and investor as well. So the risks it may encounter come from many aspects. The author will analyze the characteristics and causes of all these risks, then find ways to avoid them. All the analysis is not only theoretical, but also practical. It will help stockjobber to solve these problems at the moment when the domestic new market is going to be launched.The ideas of this thesis are very creative in three ways. Firstly it modifies the estimation model for publisher. Secondly it provides a new method for the price of public offering. And thirdly it suggests an integrated tool for investment analysis that combines the analysis both for the company itself and for the industry as well. In a word, the article is a good reference to risk avoidance for stockjobber in theIVnew market of china.