The Research On The Risk Control Of State-owned Investment Corporations

The practice and theories of investment risk control stemmed from the US insurance industry in the1930s. With the rapid development of economy and technology, this theory was gradually spread into companies in developed and developing countries successively. It has become a common understanding of the contemporary corporations that "risk avoidance outweighs excessive profits". As the organizational form of the market-oriented operation of the government capital, state-owned investment corporations refer to those central and local state-owned corporations engaged in the development and investment of the governmental industries who have played significant roles in removing the bottle neck of economic development, guiding social investment and enhancing the overall economic development of the society. Different from the general market-oriented investors, their rights to invest are restricted to various degrees, resulting in their deformed or incomplete full rights to invest and their bearing of great investment risks. Therefore, how to construe a systematic and effective risk control system and guarantee its smooth operation has become a problem demanding prompt solution.Based on theoretical summary of the relevant documents home and abroad, this thesis elaborates the general theories and the latest management theories of risk management, expounding in great details the procedures and key points supposed to be focused on through pre-risk assessment, in-between supervision tracking, and post-risk resolution. By summarizing the investment operation model of state-owned investment corporations and analyzing the risks facing them, this thesis dissects the risk management status of state-owned investment corporations, systematically analyzing and summarizing their risk elements. It also, based on the research approach of example analysis, selects a sample corporation as the research subject and through the SWORT analysis of it, this thesis summarizes the investment risk management measures adopted by the sample corporation, upon which it has further proposed some universal views and measures in order to establish a targeted investment risk control system.Focused on the research of risk control of state-owned investment corporations, this thesis is of great theoretical values and practical significance. By taking the incomplete property right of state-owned investment companies as the entry point, this thesis delves into the management of investment risk and is an important supplement to the relevant theories. With analysis of environment and risks with which state-owned investment corporations are faced, it ensures the connotation of investment risk management and directs the establishment of the risk management control system of state-owned investment corporations, improving their risk management standard and achieving risk control objectives.