Study On Risk Management Of Two Financing Projects Of Z Securities Company

Since the official launch of the two-financing program pilot in Chinese mainland on March 31.2010,the A-share market has really bid farewell to the "unilateral market"era,and the securities market finally has a shorting mechanism.Securities companies should have the effectiveness of risk prediction,build a risk management system of two financing projects covering the whole process of business by establishing customer risk portrait and dynamic stock stratification model,and learn from each other through seminars and trainings to continuously explore and make progress together,so as to lay a solid foundation for high-quality customer service and sound development of credit business.Securities companies also bear huge management risks when they expand the development scale of the two-financing projects.The highlight of this paper is a research method that uses a combination of quantitative analysis and qualitative analysis to study the two-financing project projects of Z securities company.Firstly,an overview of the two-financing project and project risk management theory is introduced;secondly,the risks of the whole project are identified and analyzed;then,the expert scoring method,combining the hierarchical analysis method and the fuzzy comprehensive evaluation method,is applied to make a comprehensive evaluation of the risk management of the two-financing project of Z securities company;finally,suggestions and safeguards for the optimization of the risk management of the twofinancing project of Z securities company at this stage are proposed according to the actual situation in order to further improve the risk prevention and control ability of the two-financing project of Z securities company.This thesis found that:(1)There is the risk of uncertainty of loss to the securities company or customers due to improper operation by staff or external factors,the risk of customer default,and low customer satisfaction in handling complaints and disputes.(2)Through analysis and summarization,the causes of these problems are the irregular practice of staff,the low quality of investor risk education,and the inadequate professional services and complaint and dispute handling of the two financial institutions.(3)Through risk identification,some risks cannot be completely avoided but can be controlled within a reasonable range.This thesis combines quantitative and qualitative analysis to make a comprehensive evaluation of the risk management of Z securities company’s twofinancing program,improve the risk response capability,promote the sustainable and stable development of the two-financing program as well as explore the transformation of wealth management,so that the two-financing program can achieve more long-term development and progress.(4)It constructs a risk management system for twofinancing projects,designs a risk management system framework,puts forward specific safeguards for the implementation of the risk management system in terms of strengthening the construction of compliance culture,improving the professional ability of employees,strengthening the construction of information systems,and establishing a complaint and dispute mediation mechanism,takes initiatives to maximize the favorable consequences of risk events and minimize the unfavorable consequences caused by risk events,ensures the safe and reliable implementation of investments at the least cost,improves its risk organization structure and optimizes its management system,and has certain implications for the management of two-financing projects of other securities companies.