W证券公司融资融券业务风险控制优化策略研究

发布时间：2021-04-15 22:06

　　我国的融资融券业务自2010年开展以来取得较快的发展,然而在这发展的九年时间里,融资融券业务不仅给证券公司带来了新的利润增长点,同时也经历了2015年千股跌停,2016年的熔断机制、以及2018年市场出现超预期的大跌三次股灾,这些都给我国融资融券业务带来了生死考验。在风险到来的时候,无论是大证券公司还是中小证券公司,都会融资融券业务风险控制的新问题。本文通过以广东省的中型证券公司-W证券公司的融资融券业务为研究对象。首先梳理了证券公司开展融资融券业务主要面临的风险类型为信用风险、市场风险、流动性风险、操作风险;其次,介绍了W证券公司针对融资融券业务风险的管理框架和措施;然后对W证券公司开展融资融券业务以来遇到的风险案例进行详细的剖析,分析融资融券业务开展过程中新的风险点;最后通过对W公司融资融券业务开展的事前、事中、事后风险控制的提出优化策略。优化策略主要涵盖事前风险管理的客户准入及授信管理;事中风险管理包括标的证券、担保证券管理、风险控制指标、客户风险分类管理、风险通知送达;事后风险管理的强制平仓、债务追偿、黑名单管理等问题;从这些问题上完善W证券公司的融资融券业务风险控制体系。本文... 

【文章来源】：广东外语外贸大学广东省

【文章页数】：95 页

【学位级别】：硕士

【文章目录】：
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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