Study On The Liquidity Risk Control Of XY Securities Company

With the rapid development of China’s financial industry make a spurt of progress,the securities market plays a more and more important role in the national economy. As an important part of the securities market, securities companies have a great development in the past ten years, the stock market plays an important role in thedevelopment of the securities business, at the same time also exposed some problems. America financial crisis happened in 2008, mainly due to the credit risk,the bad influence generated by the people unforgettable. While the credit riskresulted in a liquidity crisis, to the securities company has also brought a great impact, it let us know the liquidity risk to the financial industry brought so much even destructive. By the end of 2013 6, the domestic banking sector "shortage of money", cause social panic, become the focus of the society, also in the center of the financial sector securities companies has also been a great influence. "The lack of liquidity of substantive issues of money shortage" is money, the money shortage, its essence is to the banking industry as the center of the financial industry the problem of liquidity risk, the bad consequences also spread to the securities company, therefore, the prevention and control of liquidity risk for securities companies, securities the market and even the entire financial industry attaches great importance to the problem of. Especially in the liquidity risk control center of these curities companies, research on the liquidity risk control should be focused on. Securities companies shall, according to their own actual situation, establish and improve the liquidity risk control system. And now for the securities market especially the research of the liquidity risk of the securities company is still lacking, the liquid it risk management of securities companies has become one of the proposition of the theory and practice of the current prices are very valuable,In this paper, on the basis of theoretical research, the specific case of XY securities (?) securities company liquidity risk control of the summary, and through the analysis of the company’s risk management and liquidity risk control aspects of the relevant data, discussed the situation of liquidity risk control of the company the need for and complement, and the existing problems, put forward some policy suggestions on their own, in order to control the liquidity risk of XY securities company plays an instructive role.The paper is divided into five chapters the liquidity risk of the securities company to study. The first chapter is the introduction part, mainly expounds the liquidity risk control, the background and significance of the research, and then briefly introduces the domestic and foreign scholars on the financial risk and liquidity risk research. And explains the cultural research methods used in combining theory and practice, in order to make the research conclusions of this paper are implemented. The second chapter is the theoretical basis of liquidity risk, theoretically introduces the liquidity risk of securities companies, mainly introduces the definition, characteristics and causes of liquidity risk is the theme of this research -- a securities company. Then, in the third chapter, carries on the research analysis to the XY securities company in this specific case, development situation and the business situation of a brief introduction of the XY securities company, and then through the XY depth understanding of the internal control of securities companies, financial management program, extract the liquidity risk of the rules and regulations, and through the analysis of correlation the data of the company’s risk management and liquidity risk management, risk control strategy in some places need to add some their own views on the flow. The fourth chapter, the third chapter analyzes the liquidity risk of the control method of XY securities company, and made specific recommendations to improve the liquidity risk control of XY securities company. Finally, in the conclusion and Prospect of the fifth chapter, summarizes the contents of this study, made the prospect of liquidity risk control of securities companies in the future, and the shortcomings of this study.