| With the development of China's economy and society,the bond market has developed vigorously as well.The bond market has become an important component of the financial market,which optimized the asset allocation through the issuance and circulation of bonds.By the end of December 2018,the balance of China's bond market had reached CNY 86 trillion,become the third biggest bond market in the world,behind the United States and Japan.With the rapid development of China's bond market,there are also corresponding risks.Since the default of "11 super day Bond" in 2014,there have been frequent defaults in China's bond market,and the awareness of private asset management institutions on risk management has been promoted.In recent years,Shenzhen Houhai Capital Management Co.,Ltd.has also encountered relevant default events during the bond investment program.In this paper,the research on the bond investment business of Houhai capital company will be carried out.The methodologies of risk management that I have learned during my study in Lanzhou University will be applied to the research combined with the theory and the process of comprehensive risk management,this paper analyzes the current situation of the asset management and the bond investment of Houhai capital company,comprehensively identifies the market risk,default risk,liquidity risk and operational risk of the bond investment activities of Houhai capital company,summarizes the existing risk management issues in the bond investment process,and proposes the optimization scheme.Meanwhile,this paper also evaluates the risk management optimization scheme and puts forward the corresponding assurance solution.The risk management optimization plan aims to solve all kinds of risk problems in the bond investment program,which not only has important practical significance for Houhai capital company,but also provides positive reference for the other fund subsidiaries to carry out bond investment business. |
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