Multinational Operation Of Securities Firms Of China And Its Risk Management

As the rhythm of the world economy's intergraded trend becoming taster and China's economy and capital market' continuous developing ard further opening after enter the multinational operation of securities firms of our country is unavoidable. In this thesis,by recalling the history of China's securities firms,analyzing their competitive and discussing the environment the author concluded that intematJonalizing is the necessary for securities companies of China and used Erramifs trieciry to explahsorne securities fi in multinalional operation. In spite of this,our securities firms couldrit follow the way which foreign investment bankings going for the reasons of different Sving environment and their own situation,they should differentiate their way with their own features and adapt to ther environment In order to resolve the problem,the author did some research by using mathematical to tackle how to choose target market arid howtochciose the right entyrrxDd and when they should entry the foreign market Then the author analyzing the risk which multinalional securities companies may encounter,including market risk,credit risk,operation risk and liquidity risk etc. By using VAR,the authcirfourrilrB way to manage risk arxlpreve risk .In addition to this,the author used Z mode as risk forewarning in ultramarine agency. On the base of the discussion above,the author discussed the moltinaticf home securities companies,including capital,affair,agency,and employee and goodwill strategies. Finally,the author proved that the research products of this thesis were suit to reality by using an example.