Research On Designs For Terms Of Convertible Bond Based On Risk Analysis

Due to its unique risk-revenue attributes, convertible bond(CB) is welcomed by bothissuers and investors. Nowadays,global convertible market takes on a new look and becomesmore mature and prosperous as time goes by. After ten years'dreariness, Chinese CB marketstartstogrowrapidly.As anintermediatefinancial instrument,itsdevelopmentandprosperitywill benefitalot onChinesecapital market troubles suchas extortionstestockfinancingratio,lake of intvestment tool and financial innovation. It alse does well on the maturity,consummationanddissolutionoffinancialrisk.ThisthesistakesasampleofallCBsrangefrom1992tothesedays,analyzesitsriskasawhole, and stresses its issued risk and convertible risk as well as the compare among themodel of fix a price and risk manage;Base on actual history data, analyzes the effect to CBwhenthere arevariations from thepriceofthe stockand themarket interest rate, and take theanalysis of relativity;Finally, I base on calculates the balance of risk and income adequately,andmendthearticleofCBonthesideoftheangleofpublisher,aimforevaderiskeffectually;Consequently,this thesis canoffer references toissueCBfor Chinesepubliccompanies, offergist to choose right invest variety of CB for investor, offer theoretic sustain to thedevelopmentofChineseCBmarketandtheconsummationofChinesecapitalmarket.