Study On The Asset Management Business Problems Of S Securities Company

With the continuous optimization of the A-share market environment since 2012,the state has continuously promulgated relevant policies and the continuous promulgation of the "One Law and Two Rules" on the asset management business of securities companies,and standardized the business innovation of securities companies at the policy level.In 2015,the Fund Industry Association released the "Bottom Line Eight Prohibited Rules" for "Securities and Futures Business Institutions to Implement Assets Management Business" and the Securities and Futures Commission released the "Measures for Risk Control Index Management" and the "Interim Provisions on the Administration of Asset Management Business" "Two new regulations,reflecting the increasingly stringent regulatory trends.Under this background,S securities firm's asset management business currently has such problems as moral hazard of managers,single type of investment,serious lack of homogeneity of products and other issues.Based on the analysis of the existing problems and the corresponding suggestions,S Securities Company can make in the same industry competition in a favorable position,but also makes other securities companies asset management business research has a positive reference.This thesis is divided into five parts: The first part is the introduction,including the background and significance of the research,the review of the research at home and abroad,the research contents and methods,and the innovation of the thesis.The second part is related to the theory of asset management,which mainly includes the classification of asset management business,business process introduction,and the theoretical basis of asset management.The third part describes the status quo of asset management business of S securities companies,first describes the current situation of the industry environment of asset management business in securities industry;secondly,it introduces the basic situation of S securities companies,including the performance ranking of S securities companies and asset management business Ministry of the situation;finally introduced the basic situation of the collection and directional asset management business.The fourth part is to study the existing problems of asset management business of S securities companies.The problems are mainly put forward from the aspects of collective asset management business and directional asset management business respectively.The main problems of collective asset management business of S securities company are moral hazard,single investment type,lack of R & D capabilities,serious homogeneity of asset allocation and lack of professional competence of marketers.The targeted asset management business mainly includes the compliance and risk control issues of the channel category,less equity pledges,larger proportion of channel business and insufficient asset securitization business.The fifth part is about strengthening the asset management business of S securities company in the aspects of collection and orientation.In the collection business,we should carefully guard against the moral hazard of managers,expand investment research capabilities and optimize asset allocation,innovate the marketing mode and establish the image of expert wealth management.In the aspect of directional business,we reinforced the compliance and risk control of directional businesses,encouraged the equity pledge business to transform from "investment bank + whole business chain",and gradually required the channel business to transform itself into an active management business and accelerate the development of securitization business.