Research On Financial Risk Control Of Listed Securities Companies In China

The financial field is always accompanying with risk and opportunity,after the stock market downturn in 2016,the financial field is reforming deeply,regulators deregulate gradually,general market revives gradually.However,the competition between securities companies becomes fiercer,bringing plenty of new opportunities to the financial field.At the same time,the giants of securities field begin to set some innovative businesses,not just rely on the traditional business.The more diversified businesses of securities companies make the risk internal control more complex.From the securities fraud case of Wanfushengke in 2012,2013's so-called fat-finger trading error of Guangda brokerage to the "Radish Stamp" event in 2016.All events reflect the securities industry in our country need the improvement of internal control.Facing both of the opportunities and challenges of the economy situation,setting strategic goal and preventing the possible risk actively are the key to find a competitive status in industry.The paper choose a general case study on financial risk control of listed securities companies in China by using case analysis method and ratios analysis method.First of all,analyze the significance of this study with the situation of China's securities industry in recent years.Then,explaining the research contents and research techniques,research methods and research outline,innovations and drawbacks;The literature review briefly introduces the domestic and foreign theories on financial risk control of securities companies,and this part include the review of domestic and foreign theories.Then the third part briefly summarizes the concepts related to financial risk and the financial risk control of listed security companies.The next part introduce the security industry's situation to make readers can compare the financial risk control of Huatai to the industry.Then the paper comes to the important part,beginning to introduce the Huatai securities' financial risk control,analyzing from the company profile,the financial risk control's implication,identification,control,indicators analysis and F-Score Model.etc.The six part puts forward the Huatai securities'drawbacks in financial risk control:the profit model is relatively simple led the market risk;Insufficient risk control for innovation business,facing liquidity risk;Insufficient establishment of risk control department to induce compliance risk;The deficiency of information system construction leads to information technology risk and single financing methods induce credit risk.In the next chapter,the paper propose 6 solutions corresponding:set a various profit model to reduce market risk.;Establishing innovative business risk control system to reduce liquidity risk;Improving the status of the self-regulatory agency represented by the risk control department to control the compliance risk;strengthen information system construction to reduce information technology risk and expand financing channels to control credit risk and other solutions.The last chapter summarizes the conclusions of the article.In addition,the innovation of this paper is the research is based on the perspective of listed securities company in China,exploiting the financial risk control,which is different from the traditional production enterprise financial risk control research.According to the particularity of existing securities company itself,choose suitable index and model for the securities company's financial risk.The paper analyzes the financial risk of listed securities company and then carries out the internal control problems and the reasons,at the last raise some constructive suggestions on how to solve the problems on the financial risk's internal control of listed securities company.Also,I hope the paper could provide reference for non-listed securities company internal control on financial risk...