發(fā)布時(shí)間：2021-04-15 22:06

　　我國的融資融券業(yè)務(wù)自2010年開展以來取得較快的發(fā)展,然而在這發(fā)展的九年時(shí)間里,融資融券業(yè)務(wù)不僅給證券公司帶來了新的利潤增長點(diǎn),同時(shí)也經(jīng)歷了2015年千股跌停,2016年的熔斷機(jī)制、以及2018年市場出現(xiàn)超預(yù)期的大跌三次股災(zāi),這些都給我國融資融券業(yè)務(wù)帶來了生死考驗(yàn)。在風(fēng)險(xiǎn)到來的時(shí)候,無論是大證券公司還是中小證券公司,都會融資融券業(yè)務(wù)風(fēng)險(xiǎn)控制的新問題。本文通過以廣東省的中型證券公司-W證券公司的融資融券業(yè)務(wù)為研究對象。首先梳理了證券公司開展融資融券業(yè)務(wù)主要面臨的風(fēng)險(xiǎn)類型為信用風(fēng)險(xiǎn)、市場風(fēng)險(xiǎn)、流動(dòng)性風(fēng)險(xiǎn)、操作風(fēng)險(xiǎn);其次,介紹了W證券公司針對融資融券業(yè)務(wù)風(fēng)險(xiǎn)的管理框架和措施;然后對W證券公司開展融資融券業(yè)務(wù)以來遇到的風(fēng)險(xiǎn)案例進(jìn)行詳細(xì)的剖析,分析融資融券業(yè)務(wù)開展過程中新的風(fēng)險(xiǎn)點(diǎn);最后通過對W公司融資融券業(yè)務(wù)開展的事前、事中、事后風(fēng)險(xiǎn)控制的提出優(yōu)化策略。優(yōu)化策略主要涵蓋事前風(fēng)險(xiǎn)管理的客戶準(zhǔn)入及授信管理;事中風(fēng)險(xiǎn)管理包括標(biāo)的證券、擔(dān)保證券管理、風(fēng)險(xiǎn)控制指標(biāo)、客戶風(fēng)險(xiǎn)分類管理、風(fēng)險(xiǎn)通知送達(dá);事后風(fēng)險(xiǎn)管理的強(qiáng)制平倉、債務(wù)追償、黑名單管理等問題;從這些問題上完善W證券公司的融資融券業(yè)務(wù)風(fēng)險(xiǎn)控制體系。本文... 

【文章來源】：廣東外語外貿(mào)大學(xué)廣東省

【文章頁數(shù)】：95 頁

【學(xué)位級別】：碩士

【文章目錄】：
ACKNOWLEDGEMENTS
ABSTRACT
摘要
CHAPTER Ⅰ INTRODUCTION
    1.1 RESEARCH BACKGROUND
    1.2 RESEARCH SIGNIFICANCE
    1.3 RESEARCH CONTENT
    1.4 RESEARCH METHODS
CHAPTER Ⅱ LITERATURE REVIEW OF SECURITIES MARGIN TRADING THEORY
    2.1 CONCEPT AND CHARACTERISTICS OF SECURITIES MARGIN TRADING
    2.2 INTRODUCTION OF DOMESTIC SECURITIES MARGIN BUSINESS MODEL
    2.3 RISK TYPES AND RISK CONTROL OF SECURITIES MARGIN TRADING
CHAPTER Ⅲ THE DEVELOPMENT STATUS AND INFLUENCE OF SECURITIES MARGIN TRADING
    3.1 DEVELOPMENT OF CHINA'S SECURITIES MARGIN TRADING BUSINESS
        3.1.1 Development of securities margin trading business in China
        3.1.2 Development Scale of Securities margin trading
    3.2 PROBLEMS IN THE SECURITIES MARGIN TRADING BUSINESS OF CHINA
        3.2.1 Incomplete credit management system
        3.2.2 Uneven Development
    3.3 IMPACT OF SECURITIES MARGIN TRADING ON MARKET
        3.3.1 Impact on Market
        3.3.2 Impact on Securities Dealers
CHAPTER Ⅳ CURRENT SITUATION OF SECURITIES MARGIN TRADING RISK CONTROL IN W COMPANY
    4.1 W COMPANY'S BUSINESS SITUATION
    4.2 W COMPANY RISK CONTROLSYSTEM
        4.2.1 Objectives of Risk control
        4.2.2 Risk control System for Securities margin trading Business
        4.2.3 Existing Risk Control Measures for Securities margin trading
    4.3 RISK SITUATION OF SECURITIES MARGIN TRADING BUSINESS IN W COMPANY
        4.3.1 Maintenance of Deposit Percentage in Securities margin trading Business
        4.3.2 Forced Closing Situation of Securities margin trading Business
        4.3.3 insolvent accounts in securities margin trading business
    4.4 THE BUSINESS CASES FOR SECURITIES MARGIN TRADING OF W COMPANY
        4.4.1 Personal Customer Case
        4.4.2 Product Account Case
    4.5 SUMMARY OF SECURITIES MARGIN TRADING BUSINESS RISK OF W COMPANY
        4.5.1 Risk before event
        4.5.2 Risk during event
        4.5.3 Risk after event
CHAPTER Ⅴ RISK CONTROL STRATEGY FOR SECURITIES MARGIN TRADING BUSINESS
    5.1 PRIOR RISK CONTROL STRATEGY
        5.1.1 Investor Admission Management（Individuals and Institutions）
        5.1.2 Investor Rating and Credit Granting Management
    5.2 IN-PROCESS RISK CONTROL STRATEGY
        5.2.1 Underlying Securities and Guaranteed Securities Management
        5.2.2 Setting and adjustment of risk control indicators
        5.2.3 Credit account risk classification monitoring
        5.2.4 Risk notification delivery
    5.3 POST-EVENT RISK CONTROL STRATEGY
        5.3.1 Forced liquidation
        5.3.2 Debt Recovery
        5.3.3 Blacklist Management
CHAPTER Ⅵ CONCLUSION AND PROSPECT
REFERENCES



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