Research On Bond Underwriting Risk Management Improvement Of Kaiyuan Securities

Since the global financial crisis in 2008,China's bond market has continued to expand and the bond issuing has fluctuated.With the tightening IPO policies and the rapid development of bond financing,the bond underwriting has become an important part of investment banking,which also introduces relevant risks.Thus,Risk management has become a crucial part of the core competitiveness of securities companies.With the continuous prosperity of bond underwriting,it is particularly fundamental for securities companies to improve their risk management.Being comprehensive,Kaiyuan Securities Co.,Ltd.has experienced the rapid development of bond underwriting.This thesis applies both domestic and foreign advanced risk management theories,analyzes the status quo and existing risks of Kaiyuan Securities bond underwriting and conducts an in-depth research on the current status of risk management from the perspective of risk management organization structure and process together with an analysis of risk management problems for Kaiyuan Securities bond underwriting.Based above,the amelioration for its risk management has been put forward,composed by optimizing the company's organizational structure through the separation of duties,and refining the risk management process with stricter due diligence,etc.Finally,there should be implementation guarantee for the risk management improvement followed a prospect for the expected effect.The study on the risk management of Kaiyuan Securities bond underwriting has certain guiding significance for reducing the various risks hidden in the company's rapid business development and enhancing the comprehensiveness of its risk management,which also provides some reference for securities companies in risk control.