Research On Optimizing Risk Control Strategy For Securities Margin Trading Of Securities Company W

China's securities margin trading business has achieved rapid development since it was launched in 2010.However,in the nine years of development,securities margin trading business has not only brought new profit growth points to securities companies,but also experienced a decline of 1,000 shares in 2015,a circuit breaker mechanism in 2016 and three stock disasters in 2018,all of which have brought life and death tests to China's securities margin trading business.When risks come,both large and small securities companies will face new problems in risk control of securities margin trading.This paper takes the securities margin trading business of W company,a mediumsized securities company in Guangdong Province,as the research object.Firstly,it sorts out the main types of risks faced by securities companies in carrying out securities margin trading.They are credit risk,market risk,liquidity risk and operational risk.Secondly,it introduces W company's management framework and measures for the risks of securities margin trading.Then,it analyzes in detail the risk cases encountered by W company since carrying out securities margin trading business,and analyzes the new risk points in the process of carrying out securities margin trading business.Finally,the paper proposes risk control optimization strategy for all stages of operations from beginning to end of the W company securities margin trading business.The optimization strategy mainly covers prior risk control including customer access and credit management,in-process risk control including underlying securities,guaranteed securities management,risk control index,customer risk classification management and risk notification delivery;post-event risk control for issues such as forced liquidation,debt recovery and blacklist management;From these issues,we will improve the risk controlcontrol system of W company's securities margin trading business.The research in this paper will provide specific measures for W company to prevent risks of securities margin trading,and provide reference for similar mediumsized securities companies to carry out risk control of securities margin trading.