The Design For Penghua Fund Management Company’s Risk Management Information System

Since the1990s, China’s securities market and investment fund industry have achieved great development. By the end of the second quarter of2012, China fund management companies fund has reached more than1000, more than2trillion Yuan, and become the most important institutional investor in the securities market.With the leap-forward development of the fund industry, the importance of internal control and risk management is becoming more and more prominent. In terms of fund management companies themselves, a comprehensive and effective internal control and risk management is the lifeline for the long-term survival and development. Since always, the research of the fund industry internal control and risk management is more related to policy and theory, but less related to specific application. Therefore, with the huge change of the fund industry internal and external environment, how much importance the fund management companies should attach to internal control and risk management is self-evident. As the regulatory authorities, the China Securities Regulatory Commission has publicized the Guidance of Securities Investment Fund Management Company’s Internal Control in2002, which is absorbed by Internal Control-Overall Framework, which is publicized by the American COSO. The guidance has proposed the objectives and requirements of the fund company’s internal control system. In2004, based on Internal Control-Overall Framework, COSO has issued Enterprise Risk Management-Overall Framework, which has expanded the connotation of internal control, and made a more detailed statement on the broader subject of enterprise risk management.In June2006, the State-owned Assets Supervision and Administration Commission of the State Council drafted and published the Guidance of Central Enterprise Wide Risk Management. The commission requests the central enterprises to gradually establish a comprehensive risk management system, and clarified the requirements of risk management information systems in the Guidance of Central Enterprise Wide Risk Management. The fund management company’s internal control and risk management information system in this article is based on the Enterprise Risk Management Overall Framework and the Guidance of Central Enterprise Wide Risk Management, which is designed and implemented for a large domestic fund management company.The reason the fund industry is chosen studied in this paper to be is because the booming development of China’s fund industry is only less than15years. Fund industry shows its vitality from the closed-end fund to an open-end fund, from Public Offering to open Privately Offered, as well as to a wide range of alternative investment projects in the market. As an important member of the wealth management industry, the fund industry has a huge space for development. Also vitality behind the risks cannot be ignored. Bearing the brunt of the importance of risk management, the importance of risk management information system is self-evident. Too much has been talked about the policy and the theory more than specific applications. There will be greater practical significance and value of studying the application of internal control and risk management information systems under such a changeable internal and external environment. It’s different from traditional risk management; comprehensive risk management is a risk management which contains enterprise-wide personnel, the whole business and the whole process. Risk management has undergone great changes. It should be pointed out that the form of risk management is also changing under the relatively high degree of enterprise information. For many enterprises, on the basis of existing IT resources, how to build the internal control and risk management information systems to meet the business needs of the enterprise risk management by application of a new concept of software architecture, is well worth studying.This paper is divided into seven chapters:The first chapter is an introduction. It mainly describes the research background, the purpose and significance of research ideas.The second chapter is an overview of risk management. In this chapter, the overseas COSO "Enterprise Risk Management-Integrated Framework" and our own release of "central enterprise comprehensive risk management guidelines" are interpreted. The third chapter is an overview of Peng Hua fund management company’s risk management information systems. This chapter gives the analysis and interpretation of requirements for Peng Hua fund management company’s risk management information system and analyzes the development of the domestic enterprise risk management information system.Chapter4gives the design of Peng Hua fund management company’s internal control and risk management information system. According to the fund management company’s internal control and risk management information system requirements, combined with new concept of the system architecture design and the present condition of the Peng Hua fund management company’s IT environment, it puts forward a detailed Peng Hua fund management company’s risk management information system design scheme.Chapter5is about The implementation process of. the Peng Hua fund management company’s internal control and risk management information system.Chapter6is about the problems and prospects. This chapter analyzes the actual application of the Peng Hua fund management company’s internal control and risk management information system, and combines with the latest financial market conditions and analyzes a number of issues and give the prospects for future development...