On Research Of Risk Analysis And Risk Management Of The Securities Companies In China

With the development of global finance situation, it indicates that risk management already becomes a very nuclear composing part in the financial area. The risk has lots of characters. Reviewing the risk management in securities corporations, it needs start with the risk management. The risk what stock trade affronts is a special behave that common risk represents in the stock field, so, in order to structure the risk management system in securities corporations, it's very important review and analyze gradually the risk main body in stock trade, risk environment , managing feature and the actuality faced in daily actions, it also important to review and compare the risk management process in stock trade in china and beyond the sea.The article based on theoretical support of Economic, Management Science, Financial Theory and Engineering as well, with references on the construction and development of securities market and industry, research on special character and resource of Chinese securities company in depth. The article point out disadvantage of system that is resource of Chinese securities company risk, and provides an effective approach for constructing of system for development of securities companies. The full text divides into four chapters.The first section, risk and securities corporation risk, as the introduction, expatiates the definition of financial risk and formal theory of it. As agency in capital market, s securities corporations is special unit which absorbing and playing risk, and decide the risk faced by securities corporation. So, in the section 1 chapter 4, securities corporation's risk is classified correctly.In section 2, securities corporation's risk management & application, firstly signify the aim of risk management: corporation value's maxmazation based on correspond theory between risk and return. On the other hand, the article introduce Markwiz's PMT theory and Capital Asset Pricing Model theory, and so on. Based on the VaR technology, with reference to some standard about corporation capital value, presentiment and administrative system has set up.Section 3 firstly expatiates the basic theory of corporate governance., and then introduce the governance structure of American investment bank. On the basis of theoretical analysis, this section positively analyzes the short-coming of our securities corporations's governance mechanism which lead to the equilibrinm and generation of risk, and sets forth ideas of securities corporations in our country on the basis of corporate governance mechanism.Section 4 studies the external monitoring questions. Through analyzing the mature models of financial monitoring in developed countries and investigating on status quo in china, this section makes comprehensive explorations on financial administration and architectures of law and institutions.