Our Government, Research, Administrative Supervision And Management Of Stock Market Risk Systems

After developed more than ten years, the securities market of our country has already become the important component of socialist market economy. It plays an important role in developing socialist market economy. However, the full play of this function must regard healthy development of securities market as the prerequisite. It concerns the stability, the whole financial market going on wheels and the society safety. So it has necessity with times to research the risk systematic management of our country's securities market which is being the hot subject amid politics, laws, economics and administrative science.In view of those mentioned above, the theme of this article is the risk systematic administrative supervision of securities market by our government. In the foundation of studying securities market risk categories, risk assessment index & risk administrative levels, risk systematic management frameworks & models, I demonstrate some personal views about the situations, questions and countermeasure of risk systematic administrative supervision of Chinese securities market.The first segment of this article illuminates mainly the necessity of researching Chinese securities market risk. At first it clarifies the securities market is a high-risk market, full of the accounting risk in the listed companies, the operating risk in the securities company, the securities clearing risk, the investor's risk and the risk of other different financial instruments. Meanwhile it explains the importance and necessity of this research because of lots of existing risks after Chinese securities market established, specially after China entered into the World Trade Organization (WTO).The second segment explains especially that the risk assessment index and risk administrative levels. It expounds that the risk assessment of securities market has three aspects - macroscopic, middle-level view and microscopic, while it statesthe main participant of the securities market, four aspects and relationship of securities market risk management.The third segment analyses principally the frameworks and models of security market risk management. It illustrates that in the risk system of our security market, there is a "Gold Triangle" framework which includes government supervision, market forces and main body's self-discipline as well as the relationship of dividing the work each other. Furthermore I proposed several measures which fasten " Gold Triangle",The last segment is my personal suggestion that countermeasures against the situation and problems of the risk administrative supervision in Chinese securities market.