Risk Management, Financial Institutions, Securities Assets

With globalization of finance, many domestic financial institutions are struggling to market towards the trend of operating as a company. The management skills, however, are very immature compared to Europe and America for their different industry orientation in the planning economics era, which produces large bad loans. To keep in pace with the international trend, strengthening risk management is becoming more important, for the mason that, as the intermediary organizations, financial institutions play an important role in distribution and circulation areas, and their safety is related to the safety of the whole national economics. In the mean time, quality of financial assets displays status of the whole macroeconomics, and the bad financial assets mean unsatisfied economic operation and low efficiency in using capital.Risk management, in fact, is asset management, the key of which is to evaluate risk-revenue of every asset and select the optimal portfolio in acceptable risk level to get the maximum revenue. This thesis plays emphasis on constructing a securities-assets analyzing frame and discussing the efficient approaches and skills in evaluating and managing securities-assets, such as PVBP, Duration-Analysis, Key Duration-Analysis, Simulation-Analysis, CAPM, Factor Model and VaR. And this thesis plays emphasis VaR can evaluate assets' risks in a short time effectively.