Research On The Risk Control Of The Margin Trading And Securities Lending Business Of GY Securities Company

Margin trading on March 31,2010, officially launched in our country, and in 2011 October to regular business. Margin trading is the securities industry in our country developing fast, relatively broad prospects for development of an innovative business, its emergence as the investors and securities companies and the entire securities market has brought new opportunities and development, such as create profit for the investor and securities firms play a huge role. But the margin of the rapid increase in the size of the market, the securities lending and borrowing business because of their own characteristics as a result of higher risk problem has been shown, caused the wide concern from all walks of life. The securities company as important participants in margin trading market, the stand or fall of its risk control effect is very important, and how to further perfect securities company risk control for the margin trading market and the capital market is of great significance.This article is divided into six parts. The first part is introduction, introduces the research background and significance of this paper, the research status at home and abroad, research ideas and methods and research innovation and characteristics. The second part is the summary of theoretical basis, first introduced the margin trading and its characteristic, function and risk, then the risk control theory in this paper, including the comprehensive risk control theory, information theory and the domino theory, etc. The third part introduces the research object of this article--GY securities financing business development situation. The fourth part of the margin trading risk control GY securities firms made a concrete analysis, firstly points out that the GY securities companies in the conduct of business financing risks mainly include market risk, liquidity risk, credit risk and compliance with the operating risk, and then introduces the company is currently in view of the margin trading risk control system, including risk control structure, open an account and risk control in the trading session, finally points out the shortcomings existing in the risk control, including customer data authenticity and integrity lacking, risk reveal links become a mere formality, the customer management insufficient sustainability, etc. The fifth part gives some Suggestions to perfect the GY securities company risk control, including strengthening customer the appropriateness of management, strengthen the supervision of customer single account concentration, strengthen the relationship with the customer communication, to perfect the business indicators set and dynamic management, business risk control awareness and ability, perfect the risk and responsibility should be strengthened in the course of emergency preparedness work. The sixth is divided into research conclusion and prospect, and the research conclusion of this article made a summary, at the same time points out the deficiencies and made a prospect for the future research.Innovation and characteristic of this article lies in:one is the research Angle is new. At home and abroad on the study of margin trading mainly study from a macro level of margin trading and the relationship between the overall market price fluctuations, the margin credit mode selection and risk of the securities industry and its control problem, analysis and study of departure Angle is very large. This paper creatively and choose to a securities company as the research object, from the perspective of a small study, with a small, view of the characteristics. Second is the research content of this article is new, because of the securities lending and borrowing business in China is not a long time, the relevant risk control research is relatively less, and for specific securities lending and borrowing business of a securities company risk control research less, and the domestic and foreign research on margin trading risk control content and control methods are relatively general, most of the research focuses on the macroscopic level, less attention to detail, in this paper, the full text study GY securities margin only this one aspect of a business-business risk control, the content of the research content is more detailed and practical.