Risk Management Of Underwriting Stocks Business In Domestic Securities Company

Because of insufficient development of bond market, no strict operation of issuing company, no strict inside controlling of domestic securities company and unsymmetry of information in bond issuing market, the A underwriting stocks business risks of domestic securities company inevitably exist. The aims of discussing risk management of A underwriting stocks business is to set up business and risk management procedure to small and evade risks of underwriting stocks business.Firstly, it introduces underwriting A stocks business of domestic securities .Secondly, it analyzes the concrete risks performance in defferent underwriting types, underwriting variety and issuing system. Thirdly, taking a step forward to analyze concrete reasons,then on the base of all, it also evaluate risks of underwriting business with fuzzy version of the AHP methodology. Fourthly, because risks of right share underwring business is more severe, it emphasize on discussing risk management tool-VaR which is used in right share underwriting business to small risks .Finally, it also introduce the ways which can make risks smaller in overseas securities company, then drawing conclusion from above, it should set up strict procedure of business operation and risk management to smaller and evade risks in domestic security company.It rely on theories of investment,decision-making, management,statistics,fuzzy mathematics and so on , and make use of analytic ways of quoting,citing,deduting. It lays emphasis on practical strategy to give some valuation to risk management of A underwriting in domestic securities company.