Studies On Issue Risk Control In Of Secruity Company

The characteristics and developing regularity of the securities trade cause thatthe securities trade is the high-risk business. The innate character of the stockbusiness is the symmetry of risk and profit. So the security company business isalways estimating the relationship between risk and profit. In the stock issuemarket, it falls behind in the government capital management and operatingsystem reform, the stock market is not fully developed and the information is notsymmetric. So the underwriting business must be full of risk. The purpose ofstudying how to control the risk of underwriting business is to find out how todecrease the risk through the business by establishing the internal control systemand the regular business program. It's the most stringent task of the securitycompany since the issue authorizing regulation was carried out.The paper mainly introduces the two kinds of regulations of Chinese stockissue market and analyzes the influence to the underwriting business and risk. Italso analyzes the risk performance of underwriting business and the main factorsinfluencing the underwriting risk: government interferation, infection in theenterprise and the internal control mechanism. It raises the principle of controllingthe underwriting risk and concludes seven kinds of risk control strategy.Guided by the factors analysis theory, it researches the main factors of theunderwriting business risk control. First, the issuing staff must establish the legaland regular issuing processor. Second, the paper devises the management patternof the investment bank staff. Third, the paper establishes the comprehensivemanagement operation regulations and establishes the management organizationpattern favorable for the business operation condition each other and superviseeach other. On the basis of the above analysis, it establishes the underwritingbusiness risk control system of the investment bank.To ensure the risk control system be in working order, the paper devotes adeep study to the four main factors that are the issure processor, investment bankstaff, organization and regulation. It devises the management pattern of theinvestment bank staff, the comprehensive management operation regulations andestablishes the management organization pattern favorable for the businessoperations condition each other and supervise each other .To control the risk ofunderwriting business efficiently, the underwriting company must establish theinternal control mechanism and help the underwriting enterprise establish the legalperson management structure and operates regularly to ensure the issuing quality.