Research On Risk Control Of Securities Margin Trading Business Of A Securities Compan

The margin financing and securities lending business is an important reform measure for my country to build an efficient,healthy and sustainable multi-level capital market.It plays an important role in enriching investment tools in the capital market,stimulating secondary market transactions,and attracting external funds into the market.With the increasing scale of margin financing and securities lending business,the business attributes of high leverage,high volatility,high flexibility,and two-way trading of margin financing and securities lending business have begun to play a role in the operation of the capital market.The characteristics of high risk are extremely easy to cause fluctuations and shocks to market conditions,thereby causing related risks.With the increase in the scale of margin financing and securities lending business,if the risks of margin financing and securities lending business cannot be controlled efficiently,accurately and scientifically,the stability of investors,securities companies and the capital market will be seriously negatively affected.Under this background,the research on risk control of margin financing and securities lending business has become a topic of general concern in the academic and practical circles.Therefore,the research in this thesis has strong theoretical value and great practical significance,and is also a way to ensure high-quality,leapforward development of my country’s capital market.,important measures and beneficial exploration of sustainable development.In view of this,this research takes A securities company as a research case,adopts the methods of literature qualitative analysis,deductive analysis,questionnaire method,senior expert interview method,risk matrix method and other research methods to analyze the risk of margin financing and securities lending business of A securities company.Identify,evaluate and respond specifically,and put forward specific thinking and measures based on the actual situation.The article first expounds the background and significance of the risk control of the margin financing and securities lending business,and then focuses on sorting out and summarizing the relevant research literature on the margin financing and securities lending business at home and abroad.On this basis,this thesis discusses the risk definition,types and basic characteristics of the margin financing and securities lending business,and based on the relevant theories of risk control,analyzes the problems existing in the risk control of A securities company’s margin financing and securities lending business.The research conclusion shows that A securities The risk control of the company’s margin financing and securities lending business faces three major problems: insufficient self-awareness of customers’ self-risk,misconduct of business employees,and weak supervision and restraint of the risk control department.As a result,it may face systemic market risks,investors or companies 8 major risks,including credit risk,risk of excessive business scale,risk of business regulatory policies,risk brought by market competition,operational risk of investors or companies,risks caused by the company’s system,and risk of conflict of interest between investors and the company.On this basis,the article identifies the risk of margin financing and securities lending business of A securities company by adopting quantitative analysis methods such as survey questionnaire method and senior expert interview method.Including the credit risk of investors or companies,systemic market risks,risks of excessive business scale,risks brought by market competition,risks of business regulatory policies,and operational risks of investors or companies.In order to further deepen the research of this thesis and improve the accuracy of the research,this thesis adopts the expert interview method and the risk matrix method to further evaluate the risk of margin financing and securities lending business of A securities company.The research finds that the credit risk of investors or companies is completely unacceptable.Risks;systemic market risks and risks of excessive business scale are key risks but can be prevented;business regulatory policy risks and risks brought by market competition are important risks but can be prevented;the operational risks of investors or companies are relatively For the top 5 risks,the impact is very small and almost negligible.At the same time,this thesis studies the objectives and principles of dealing with the risks of margin financing and securities lending business faced by A securities company,which lays the foundation for the specific countermeasures and suggestions in the following.Based on the above qualitative and quantitative analysis,based on the practical operation of A securities company,and combined with the development characteristics of margin financing and securities lending business,this thesis believes that it should be strengthened from three dimensions: strengthening the management of the two financing and securities lending business,standardizing the behavior of employees,and strengthening the construction of risk control capabilities.To explore the risk control measures of A securities company’s margin financing and securities lending business,and take a multi-pronged approach.Only in this way can we truly ensure that A securities company can accurately identify,scientifically evaluate and efficiently control the risks of margin financing and securities lending business,and ultimately help securities companies in financing and financing.The securities business developed in an efficient,healthy and orderly manner.