Research On Risk Management And Optimization Of HX Bank Bond Investment

With the continuous development of the inter-bank bond market,commercial Banks has become the majorfinancial organizationat the present stage in China,at the same time,merchant Banks in the inter-bank market for bond in China has an indispensable status.Bonds investment as the second largest commercial Banks assets,including benefits,safety,and mobility is the biggest characteristic of commercial Banks.Since 2015 the bond market in our country is constantly amplifying,the inter-bank bond market has turn into China’s biggest bond market,bond trading volume and the circulation of outdistance the Shang-Hai stock trading volumeand Shen-Zhen stock trading volume.In 2016 with the rigid redemption of the bond market is broken,leading to frequent bond market credit risk events,and policy change after look back the camp,to leverage,to stock have certain impact on commercial bank bond investment.Commercial bank management’s target is in order to return the maximalvalue and minimum value risk,which makes under the background of the bond investment risk management become a top priority.This papercontains six parts,the first chapter,firstly briefly account for this paper,the research background,technique,shell frameand literature review;The part two is the definition and classification of bond investment risk,and risk management theory and the measurablemodel is introduced,the risk management theory,respectively from two aspects of qualitative and quantitative discussed;The third part,first of all,is to introduce China’s inter-bank bond investment industry background,and then introduces the HX bond investment risk control of commercial bank present condition and the present status of the HX commercial bank risk management;The fourth part by means of the method of VaR is used to calculatethe risk of bond investment business,use the data source is bond yield curve,through the calculation of VaR method can more intuitive risk;The fifth part is through to the inter-bank bond market risk control external advice and countermeasures of the bank’s internal risk controls,these two aspects is discussed;The last part is summarize and outlook of the entire research for this article.