Research On The Internal Control Of GL Securities Asset Management Business On The Risk Management

With the establishment of Shen zhen Securities company in 1981, the Chinese securities business came into a new development period. After the development of more than 20 years, the securities industry has become an important part of our economic development. It is playing an active role in serving the reform of state-owned enterprises, broadening the enterprise financing method and enriching the people’s finance and investment mode. The securities company, which is different from the traditional manufacturing industry, mainly supplying the intangible financial products and services. The nature for "Fictitious Capital" makes it possible for the securities company to have high risks in service development. Therefore, it is important to enhance the risk management and internal control of the securities company.The asset management is the core business of the securities company, which is to help the certain people manage financial fortune and then achieve the purpose of risk control and wealth inflation-proofing and appreciation. For the traditional asset management business, we need to manage the tangible asset to ensure it safe and complete. At the same time, we can improve the service efficiency of assets and decrease the operation cost. From the two definitions, we can know that the asset management of the securities company is different from the management of concrete tangible asset. There is high profit and also high risks with the whole process of asset management business, so the efficient internal control and risk management is the guarantee for smooth asset management of the securities company.Although there are some research literatures for internal control of the securities company, the quantity for the research of concrete business is still less. Especially for the innovation business, the research for the internal control of asset management needs to be further developed. According to the current situation of internal control for GL Securities Company, on the basis of questionnaire survey and field interview, this thesis deeply analyzed the problem for the internal control of asset management business with the basic theory of risk management and internal control. At last, the countermeasure for internal control based on risk management was raised.Innovation points:The former researches was often limited to the macroscopic scale, but this thesis overcome such deficiency. By using the research for internal control of asset management in GL Securities Company, the research result for the concrete internal control was enriched. With the basic theory for internal control and risk management comprehensively and on the basis of new angle of risk management, this thesis intensively studied the internal control for asset management in GL Securities Company. The countermeasure proposed is good for the sound development of asset management business in GL Securities Company. At the same time, it has strong reference value for the same industry to improve the internal control for asset management business.