| At present,margin lending and short selling industry has a huge space for development,which solves the development problem of the original one-sided market,further stimulates the investment enthusiasm of investors,and provides huge profits for securities companies as the main body.Even though the development of margin lending and short selling business provides a speculative opportunity for investors,it is also an investment business with high risks,and the potential risks may seriously damage the security and integrity of the financial system.Therefore,it is important for securities companies,which are at the core of the development of margin lending and short selling business,to improve the prevention and evaluation of margin lending and short selling business risks in the process of business development,and to plan more reasonable risk warning schemes.This article uses literature research,questionnaire survey,and case analysis methods,with G Securities Company as the research object,to systematically elaborate on the concept,characteristics,and role of margin trading,as well as related concepts and theories of risk management.It explores the current status of risk management in the company’s margin trading business.Through questionnaire surveys and expert interviews,risk identification and assessment are conducted,The main risk problems found involve the following: credit risk management system is not in place,business process risk management formalization,liquidity risk management monitoring is not perfect,and operational risk management is not professional.Through in-depth analysis of the underlying causes of the problem,it was found that the main underlying reasons are: inadequate credit risk monitoring and inadequate information reminders;Formalized business process handling and weak substantive compliance;Insufficient liquidity review of collateral and imperfect operational risk monitoring indicators;Insufficient professional literacy and weak operational skills of employees.Finally,based on the credit risk management principles of G Securities Company’s margin trading and securities lending,this article proposes optimization measures such as improving the customer credit investment management system,strengthening dynamic risk supervision of the market,improving the quality level of the work team,and centralizing and standardizing business processes.At the same time,these plans are ensured to be truly implemented from the organizational,institutional,and technical levels.The research in this paper can enable G Securities Company to solve the risks more scientifically and reasonably in the organization of margin and short selling business,and provide effective theoretical guidance and practical support in the subsequent development,so as to achieve high-quality and steady development. |
