【作者】 杨军；

【导师】 王恕立；

【作者基本信息】 武汉理工大学 ， 国际贸易学， 2005， 硕士

【摘要】 证券业是一个充满了风险与机遇的行业,这是由它的行业特征决定的。回顾历史,我们可以看到,在国内外证券业发展的进程中,在高速发展和获取巨额利润的同时,也充满了坎坷和荆棘。20世纪90年代以来,我国的证券业加强了风险管理的趋向,而证券市场的转型、升级也向证券公司提出了更高、更新的要求,以怎样的姿态、机制迎接这一新的挑战和适应新的发展趋势,是我国证券公司始终都要面对而无法回避的重大问题。我国证券市场从无到有,经过十余年的发展,正逐步走向成熟。作为征券市场的主体之一,证券公司也得到了长足的发展,但也面临着各种各样的风险,这些风险对证券公司的经营具有不可忽视的重要影响。在证券公司的诸多管理工作中,风险管理是重要的一个环节,风险管理工作的好坏直接关系着证券公司的生死存亡。同国外同行相比,我国证券经营机构风险管理意识淡薄,管理机制也很不完善,存在内部控制机制和内部控制制度不健全、风险控制不严的情况。许多证券公司破产使中国证券市场有所警觉。因此,如何提高我国证券公司风险管理水平是一个紧迫而又重要的课题。本文分为五部分:第一章对风险及风险管理进行一般性的描述。风险具有许多特性,对证券公司的风险管理进行考察,需要从风险现象、风险运动的一般规律入手,把握风险管理的本质。第二章对我国证券公司面临的风险进行描述。由于证券行业的特殊性和在国民经济运行中的枢纽地位,因此,加强证券公司风险管理不仅仅是证券公司赖以生存和良性运作的基石,也是完善证券市场功能和维护社会信用的有力保障。第三章就我国证券公司如何构建风险管理系统进行了较为全面的分析,尤其以风险-报酬机制为核心的创新型风险管理系统,是对以往内控型风险管理机制的根本突破。第四章提出了加强我国证券公司风险管理的对策。证券公司风险管理系统的构筑也不可能是一劳永逸的事,它必须伴随着外部环境和自身条件的变化进行不断的调整和创新,才能更好地适应行业发展的要求。第五章是本文的回顾与展望。建立并不断完善证券公司的风险管理系统,既是实践中的系统工程,又需要从理论上加以考察、研究,从而做出合乎规律、合乎逻辑的判断,因而它是一个不断深化、逐步提升的过程。总之,在证券业迅速发展的今天,泛论风险管理已经不能适应形势的要求,只有努力提高风险管理能力,才能推动我国证券公司风险管理事业不断深化和升级。而提高风险管理能力的过程,实质上是不断进行风险管理创新的过程,也是加快证券公司创新型风险管理机制的过程。更多还原

【Abstract】 The securities industry is a profession filled with risks and opportunities, which is determined by its characteristics. In its retrospect, we can find that there are so many ups and downs during the process of development of Chinese and foreign securities industries. Since 1990’s, the issue of risk management has been put on the agenda. While the advancement of the securities market has put higher requirements on the security corporations. It is urgent for the security corporations to explore the new risk management system to face the new challenges.Over 10 years has witnessed the Chinese securities corporation’s development from nothing to its nowadays—increasing maturity. The securities, as an key participant of this market, have achieved great progress, but it is facing various risks. The risk management plays an important role in the securities corporation’s management. It is tightly concerned with the life and death of the security corporations. Compared with foreign counterparts, there exist problems, such as: weak risk management, poor internal control, and the backward management system. The bankruptcy of many security corporations has alerted Chinese securities market. Therefore, it is an important issue how to improve the risk management of the securities corporations.This paper divided into 5 chapters: Chapter 1 presents a general account of the risk and the risk management. The risk has lots of characters. Reviewing the risk management in securities corporations, it needs to start with the risk phenomena and the generic rule of risk exercise, and grasp the essence of risk management. Chapter 2 presents an account of the risks confronted by Chinese securities corporations. Because of its unique status in the national economy, the risk management of the security corporations is not only its surviving ground but also a guarantee for performing the function of the securities market and preserving the social credit. Chapter 3 makes a relatively all-round analysis of how to structure the risk management system, especially the innovation-oriented risk management system with the risk-remuneration mechanism as the card, is a kind of fundamental breakout to the past inner-control risk management mechanism. Chapter 4 puts forward the risk management strategies, the buildup of securities corporations’ risk management can not be a matter settled only by one supreme effort. The risk management should be adjusted and innovated according to the changes of the exterior environment and the corporations’ own conditions in order to meet the requirement of the development ofthe industry. Chapter 5 is retrospect and prediction of this paper. Establishing and consummating ceaselessly the risk management system of securities corporations, it is not only a systems engineering in practice, but also needs to be reviewed and researched in theory, then we can judge in accord with rule and logic. Therefore it is a very risky industry with the character of strong flowing and fast changing.After all, it is more practical to enhance risk management ability rather than idle theorizing today. We should continue the risk management innovation during the process of enhancing the risk management.更多还原