Research On The Risk Of Stockjobber In China

This paper on a preliminary study by the stockjobber at risk of Chinese companies and the state of risk management, in theory, put forward risk management systems engineering the basic framework.Only grow more than 10 years history of China's, and experienced more than 100 years the capital market and temper the strength of foreign securities companies play together. China's stockjobber in order to enhance the market competitiveness, innovation and business management practices both hands equally important. On the standardized management, regardless of the securities regulatory authorities or the Corporation itself is facing a serious topic, how to raise the level of risk management of securities companies ?how to improve the Corporation's ability to resist risk>>?This article from the constitute a start, a new situation Domestic securities companies under the risk of type, and the Chinese and foreign securities companies in a comparative analysis on the basis of proposed measures to deal with risks.China's securities market is emerging markets, the securities market regulation seriously lagged behind. China's securities market in the process demonstrated by the false information, price manipulation, insider trading, and limit speculation, and other aspects of the securities market has been harmful to our own development, the damage the interests of investors. China's securities market regulation in the exercise of the functions shown in the course of the stop. A single, imperfect laws and regulations, measures not in place, are not effective and other issues fully demonstrates and the existence of the problem is an all-round and multi-level. In-depth, the fundamental reason lies in the supervision of the securities market infrastructure, there are serious flaws. Therefore, the developed Western countries and learn from the securities market regulatory system, strengthen and improve China's securities market regulatory infrastructure is before us an urgent task. This paper is divided into six chapters:The first chapter for the introduction. , introduced the background and characteristics of the existing research and to be examined on the issue, pointing out that the purpose of this paper to clarify the main focus of the content and links.Chapter II risks of securities companies is the basic theoretical research. Introduced the risk of the type of securities companies, including the source of risk classification and by business classification; introduced the risk of securities companies to identify and measure and how to build sets and fuzzy evaluation of AHP, and other means of testing and measurement methods.The third chapter is the analysis of the causes of the risks of securities companies and environmental analysis. This chapter raised the risk of securities companies and the general causes of China's securities companies risk the special causes. Among the general causes include: securities firms and the inherent vulnerability of the financial asset price fluctuations in the frequency of the transition. China's securities companies and the special risk factors include: 1. The long-term development of the market in a state of chaos, too much government intervention; 2 in the form of corporate governance and well-run invalid; 3 securities companies to disclose information on non-transparent, internal control system failure. Sections of the environmental analysis, focusing on financial derivatives, as well as the application of international financial and high-tech application of the economic level of virtualization increases, changes in the market, such as multiple factors such areas as new proof of environmental change on the risks of securities companies.Chapter IV is a case study by the global economic crisis, the international environment, the China Securities bankruptcy in order to background information cited in the securities industry in China there are a few of the main reasons for the crisis, which leads to the insolvency of China's Huaxia Securities Company's Securities and draw inspiration.Chapter V is the author of China's securities companies raised the risk management strategies and recommendations. China as soon as possible to establish an internal control mechanism, securities companies and improve market supervision system.Chapter VI is the full text of the conclusions. That is, our risk management controls and monitoring are still in the initial stages of construction, also remain in the framework of control structures, control measures have yet to be perfected.