VaR Model And Securities Fund's Investment Risk Management In China

Chinese security investment fund has being grown rapidly into one of the largest institutional investors in capital market since "The Provisional Management Measure on Securities Investment Funds" promulgated in November 1997. The scale of fund witnessed exponential growth. Meanwhile the category increased rapidly and the investment style became more and more diversified and especial. As the mutual fund industry continues to grow, the research on how to correctly classify and evaluate the risk of security investment fund risk as well as how to control it are becoming more and more important.Base on some domestic and overseas risk management measuring methods. This article analyses the limitation of Open style fund and Close-ended fund in Chinese market nowadays, meanwhile, the article introduces the development of investment fund in China, the defect of risk management and the method to refine it. After all, this paper gives a series of suggestion for resolving the problems in domestic investment fund. For instance: constructing the effective risk management mechanism, strengthening the negotiable securities investment fund industry surveillance, perfecting fund management and internal government structure, training the high quality s professionals, etc.