Research On Risk Management Of Asset Management Business Of Securities Companies

In our country,the asset management business of securities companies started relatively late and the standardization development time is relatively short.The related industry supervision and regulation construction is not perfect.At present,there are so many problems with high risks that asset management business of securities companies are facing under the new formal of regulation.For example,improper management sales,high concentration of investors,bonds default and high investment leverage and so on.This paper takes Company A as an example to study the risk management problems of asset management business under the new normal state of supervision of this industry.This paper consists of five chapters.First of all,this paper expounds the research background,research purpose and significance,research content and research methods,innovation and shortcomings.It describes the necessity of studying the risk management of asset management business of securities companies.Then,this paper puts forward that the theoretical basis of case analysis is COSO comprehensive risk management framework,and conducts the relevant literature research on risk management.After that,it analyzes the general situation of the development of China's securities company industry and the supervision policy of securities companies' asset management business in the past 20 years.According to the influence of the supervision on the development of the industry,this paper analyzes the impact of the laws and regulations of the asset management industry supervision promulgated by the China Securities Regulatory Commission and relevant regulatory agencies on the development of the industry during the 20 years of standardized development of Chinese asset management industry,and demonstrates the changes in the regulatory status of asset management industry,which is,becoming stricter and more normalized.This would be the new normal supervision from now on.At the same time,the paper has a brief introduction of Company A.Fourthly,according to the current organizational structure and business process of Company A,this paper studies the identification,evaluation and response of risk in the business process of asset management of Company A under the latest supervision regulations of asset management business of securities companies,and puts forward the risk management problems existing in the asset management business of Company A.Finally,this paper draws the conclusion of this paper,puts forward some suggestions to improve the risk management level of Company A,and looks forward to the future research direction of risk management of this industry.Under the background that the asset management business of securities companies has become strict and tight,this paper firmly grasps the impact of the latest regulations on asset management industry to the business development of Company A.By using the enterprise-wide risk management theory,the paper analyze that there are some problems about risk management exist in the business process.Combined with the actual situations of Company A,the paper puts forward risk management countermeasures that meet the new normal requirements of asset management business of securities companies' supervision.It includes reclassifying the risk-matrix,establishing the product life cycle risk management system,building real-time substantive cash management system,perfecting the post-investment risk tracking mechanism and strengthening the risk awareness of employees.Thereby provide reference to other companies in this industry of how to manage risk under the new normal supervision.Through the research of this paper,the Company A needs to strengthen the risk management in the daily operation,especially the risk management of the business process.Under the background that the regulation situation of the asset management business of securities companies has become strict and tight,Company A must strive to improve the level of risk management and make the ability of risk management become the core competitiveness of the company.