Asset Management Business Of Securities Companies Research

From a global point of view, the Asset Managemen（tAM）is one of the largest and the fastestgrowing industries in the financial services industry today. In developed countries, the AM hasgradually become the core functions of the Securities companies. The AM in China started late,but rapid development. It is not only the requirements of financial innovation and riskmanagement of Securities companie（sSC）, but also the inevitable response after the falling rate ofprofit and the face to intensified competition. Its purpose is decentralized market risks, to meetgrowing customer demand for wealth management, to get through the intermediation of assets,opening up new sources of revenue of the SC. Therefore, the strengthening of basic research of theAM and establishment of risk control mechanism, improve the environment for the developmenthas far-reaching significance promote for the long-term healthy development of the SC. Thisarticle is in the background of this major change.Take the theory and practical combination, qualitative analysis and quantitative modelcombines research, Summarizes the Chinese and foreign securities markets AM combined withthe current development of China’s AM innovation, in-depth analysis the AM strengths,weaknesses, opportunities and challenges. Have certain guiding significance and reference valuefor the AM development and government regulators in the future.This paper is divided into five parts: the preamble gives the basic concepts related to AM,introduces the research background; Chapter1is the basic theory of the AM, a detailed study of foreign securities companies to carry out AM experiences and failures. Chapter2and3aroundthree basic functions of the AM in China, in-depth analysis the history, current situation, the recentproduct and the basic model innovation, identify the problems faced by the next development.Chapter4focuses on the existing risk control system, and gives a quantitative evaluation modelfor the AM. Chapter5summarizes the seven trend in the future of AM in China, andrecommendations to the SC and regulatory authorities.Conclusion:(1) Strengthen the construction of infrastructure market, as soon as possible is apriority.(2) The SC should be based on the major functions “market risk manager” and combinewith their strengths to carry out AMB, formation of dislocation competition with other assetmanagement industries.(3) The regulatory authorities should strengthen regulatory compliance,creating a relaxed external environment under strict control of risk.(4) Recognize and accuratelygrasp the future six trends of AM, to win the fierce competition in the market in the future.