Research On The Risk Management Of Sponsor Business Of Securities Companies

The sponsor business of securities companies means that the sponsor should regulate all the company's processes to promote it to go public,and take the guarantee of facticity of the listed materials submitted by the company if the enterprise wants to go public.Securities companies should make great efforts to recommend high-quality companies to issue listing equity,and constantly supervise issuers to engage standard work,keep the promise,disclose financial information and other business after listing.In recent years,with the strengthening of investment awareness,more and more people involved in the stock market,brokerage as a public funds and business intermediaries which plays a direct impact on the stability and healthy development of financial markets in China's financial system occupy a very important position.In this year,IPO check is the most rigorous verification of history,as long as the IPO companies have irregularities,even if the initiative to withdraw the application,the relevant parties have to bear the corresponding legal responsibility.For example,XD securities sponsor ZL company case is typical of this.After the issue of the project was discovered,ZL company has revoked the listing of the application,but the SFC on the XD Securities and two sponsors to take severe administrative penalties and market entry measures,we can see the current sponsor business risk.This paper consists of six parts.The first part is the introduction,introduces the background and significance of this article,summarizes the research achievements of experts and scholars in this field at home and abroad,and points out the thinking and innovation of this paper.The second part elaborates the theoretical guidance of the article which of explains the risk,the internal control and the risk management theory,and provides the guidance method for the application of the risk management theory in the securities company.The third part is to elaborate the securities company IPO business reform and improvement process,and the current IPO business risk point.Through domestic and foreign comparison.By looking for my brokerage IPO sponsor work shortcomings and deficiencies,summed up the lessons worth learning from.The first part introduces the background of XD securities case,introduces and analyzes the internal control environment,IPO business and case situation of XD Securities,and finds out the internal control and the internal control of XD Securities.Risk management in the existence of loopholes.And their internal control on the defects caused by those consequences that one by one.The fifth part analyzes the case and puts forward the countermeasures,and analyzes the shortcomings of its risk management to find out the improvement suggestions and put forward the countermeasures.And summed up its experience in the incident lessons,summed up the securities industry IPO business risk management of the general views.Finally,combined with the previous analysis to draw conclusions and inspiration to the reality,hoping to China's securities companies to provide a certain reference value for the development of sponsorship business.