Research On Risk Control Of Margin Trading Of GF Securities Company

As an innovative business,the margin financing and securities lending business has brought new opportunities and developments to investors,GF Securities and the entire securities market.However,with the rapid increase in the size of the margin financing and securities lending market,the characteristics of high leverage and high risk of margin financing and securities lending transactions have also been continuously demonstrated.As an important participant in the margin trading market,GF Securities is very important in its risk control effect.How to further improve the risk control of margin financing and securities lending business is of great significance to the entire margin trading market.In this context,this paper studies the risk control of GF Securities' margin financing and securities lending business,which is divided into six chapters.The first chapter introduces the research background,research significance,literature review at home and abroad,research ideas and research methods.The second chapter is the theoretical part of risk control of margin financing and securities lending business.Firstly,it introduces the risk of margin financing and securities lending,and then introduces the related theories of risk control,including comprehensive risk management theory.The third chapter combines the actual operation of GF Securities' margin financing and securities lending business,and analyzes the current risk control status of GF Securities' margin financing and securities lending business,including the risk control organization structure of the margin financing and securities lending business,the current risk control method and the risk control process.The problems existing in the five aspects of risk control,risk identification,risk assessment,risk monitoring and risk response are described,and the necessity of risk control optimization is described.The fourth chapter identifies and evaluates the existing risks of GF Securities' margin financing and securities lending business.It has published 175 questionnaires and identified four major risks faced by GF Securities in the margin financing and securities lending business.These four risks are then evaluated using a combination of qualitative and quantitative analysis.The qualitative analysis uses the expert scoring method to rank the four risks according to the probability of occurrence and the degree of impact on the company's losses,and draws a risk matrix.Quantitative analysis uses stress tests to calculate market risk and credit risk expected loss amount,quantify the four risks,and finally determine the risks that need to be focused and prioritized.Based on the quantitative ranking results,the paper proposes specific optimization and improvement suggestions for the risk risks of GF Securities' margin financing and securities lending business,namely credit risk,market risk,business scale risk and operational risk.Finally,it puts forward the safeguard measures for the risk control of GF Securities' margin financing and securities lending business,which provides a reference for the sustainable development of GF Securities' financing business.