Study On The Risk Management Of The Securities Business Of China's Securities Companies Taking CITIC Securities Company As An Example

With the rapid development of China's securities market,margin trading business boarded the stage of China's securities market in March 2010.As of December 31,2015,the margin of China's securities market increased from 6.6 million yuan on the first day of trading to 1174.267 billion yuan,the balance of financing margin Accounting for 2.82% of A-share market capitalization.As an innovative business,margin business has developed into an important business of China's securities companies,accelerating securities companies to adjust the business structure and business transformation and upgrading,and promote the development of securities companies.However,the margin trading is a kind of credit transaction,there must be some risks,especially in the case of abnormal fluctuations in the securities market,the risk is more prominent.Therefore,strengthening the risk management of the margin trading business become more and more important.This article takes CITIC Securities Company as the research object,carries on the research to the risk management of margin trading business.First of all,this paper gives a brief overview of the current situation of margin trading business and risk management.After that,this paper analyzes the current situation of CITIC's margin business and its risk management.This paper points out that the risk assessment of the risk management system needs to be improved,and then tries to put forward to construct the risk assessment system of CITIC Securities margin trading.In the process of building the risk assessment system,the index weights of the risk evaluation system are determined by AHP and expert scoring method,and then the risk of the margin trading business of CITIC Securities is evaluated by the fuzzy comprehensive evaluation method.Finally,according to the evaluation results,the corresponding risk management suggestions are put forward.This paper studies the risk management of margin trading business of CITIC Securities Company.It expands the research areas of risk management of margin trading business of securities companies.Through the analysis of the characteristics of CITIC Securities margin trading business and risk management status,the article constructs the risk assessment system of margin trading business of CITIC Securities,which provides a reference for the risk management of the margin trading business of CITIC Securities.Meanwhile,this paper selects CITIC Securities as the research object which not only can provide reference for the risk management of the margin business of CITIC Securities Company,but also provide the reference for the margin management of many securities companies in China.