Research On Liquidity Risk Management Of A Securities Company

In recent years,the development of the entire brokerage industry has entered a period of"cold winter".On the one hand,the changes in the overall macroeconomic situation have brought many unfavorable factors to the development of the brokerage industry;on the other hand,in the process of rapid development of securities companies,the company has continuously innovate its business and product types,and the liquidity risks faced by securities companies have gradually increased.For securities companies,it is necessary to attach great importance to liquidity risk management research,fully integrate the internal and external environment and its own situation,and improve the risk control system.Based on this,the research on the liquidity risk management of securities companies is beneficial to the securities industry to strengthen the risk awareness and keep the risk bottom line,so as to safely pass the "cold winter".A securities company is a securities company established with the approval of the China Securities Regulatory Commission.It is committed to building a platform for becoming a risk institution in China's securities market.In recent years,A securities company have developed at a relatively fast pace,and the scale of business has increased significantly,which has increased the pressure on liquidity risks.For A securities company,improving the level of liquidity risk control and management is very effective in stabilizing the company's daily operations and improving the company's market competitiveness.Based on the full grasp of the risk control theory of the securities industry,this thesis takes A securities company as an example to analyze its current measures to control liquidity risk and existing problems,and propose corresponding optimization suggestions.In turn,it can be used as a reference for the liquidity risk management of the entire brokerage industry.The research contents of this thesis are as follows:Firstly,the background,purpose and signifieance of the research are summarized,and the research status at home and abroad is summarized,and the research ideas and innovations of the thesis are clarified.Secondly,the related concepts,theoretical basis and liquidity risk of the liquidity risk of securities companies are sorted out.Based on the characteristics and causes,the thesis introduces the operation situation and risk management measures of A securities company.Based on the Delphi method,a liquidity risk assessment system is constructed.Based on this,the problems of liquidity risk management of A securities company are proposed,and put forward the overall framework and specific strategy of A securities company's liquidity risk management optimization for the above problems;finally,the research results of this thesis are summarized.This thesis comprehensively uses the literature analysis method,the case study method,the combination method of quantitative research and qualitative research,and the combination method of key research and systematic research.The research in this thesis can play a certain enlightenment and reference for the liquidity risk management of A securities company and the entire securities industry.The main innovation of this thesis is to incorporate the analysis of the measures of liquidity risk management into the framework of quantitative analysis.Most existing research on liquidity risk management in the brokerage industry is based on qualitative analysis and lacks sufficient quantitative analysis.Based on the characteristics of the industry,this thesis constructs a set of quantitative analysis index system,which provides a basis for comprehensive and detailed liquidity analysis.The research in this thesis can play a certain enlightenment and reference for the liquidity risk management of A securities company and the entire securities industry.