Research On The Improvement On Internal Control System For Fund Investment Of Y Fund Management Co.,Ltd

In the wave of China's reform and opening up,the construction and development of the capital market is a crucial link;in the growth trajectory of the capital market,the growth and rise of institutional investors represented by public funds has a great impact.The development of public funds in China has been nearly 20 years old,and the proportion of the assets of China's public fund industry to the total scale of the national asset management business is also increasing.The rapid development of the industry is also accompanied by a surge in risks.As the core business of the fund company,the investment business,because of its high-risk,high-yield characteristics,needs to further strengthen its internal control and risk management.Y Fund Management Company is a fund management company whose investment style is aggressive,the ups and downs of its investment performance also highlights the internal control of investment Management,in order to improve the investment management control system of Y Fund Management Company,this paper is based on the "Securities Investment fund company internal controls guidance" issued by the SFC Fund Supervision Department,Through a number of research on Y Fund Management Company,with fully understand of the current situation of internal control in all aspects of its investment management business,and in the guidance of the Investment management business internal control requirements of the comparative analysis,I found that the company's investment management internal control has insufficient attention to the quality of the research report,the ban pool management process is not perfect,investment decision basis is unreasonable,the problem of homogenization risk,weak implementation of investment decision authorization approval system,lack of effective guarantee for the implementation of fair trading system,inadequate monitoring and approval of abnormal transactions,failure to effectively implement liquidity risk management,imperfect investment Risk index control system,and analysis of the causes of the problem,In this paper,we should pay attention to the selection and training of talents,emphasize the emphasis on investment and research,clarify the adjustment process of investment pool,strengthen the supervisory role of decision-making and wind control,and optimize the research system based on the reform of investing concept,strengthen the supervision of pre-and post-mortem matters,strengthen the monitoring and auditing of fair transactions,We should comprehensively strengthen the internal control mechanism of liquidity risk management,improve the control system of investment risk index and the process of monitoring and warning.Based on the actual situation of Y Fund Management Company,this paper takes the internal control system of investment Management of Securities Investment fund company as the guide,analyzes the control elements into the important link of investment management business to analyze the internal control formulation and implementation of each link,finds out the control defects and puts forward the optimization plan,In order to improve the integrity and effectiveness of the internal control of investment management of Y Fund Management Company.