新兴加转轨条件下中国证券公司的风险成因及监控

证券业是一个高风险行业 ,防范和化解风险是证券公司和监管机构的永恒主题。随着我国证券市场的蓬勃发展和逐渐规范 ,证券公司风险监控已经成为一项长期的重大任务。中国目前正处于新兴加转轨过程中 ,证券公司主要面临哪些风险 ?是如何形成的 ?在特定约束条件下怎样提高监控效率 ?围绕这些问题 ,本文首先对中国证券公司的风险及其成因进行分析 ,接着从实践的角度指出风险监控的现实约束 ,最后提出内外部风险监控协调与平衡的基本架构。

The Risk Management of Chinese Securities Firms During the Transitional Period

Securities industry is a high-risk industry, prevention and control of risk is the permanent topic of securities firms and financial regulators. With the rapid development of Chinese securities market, risk monitor and control has become a long-term important task for securities firms. Currently, China is in the transitional period, what kinds of risks are securities firms confronted? Why do these risks come into being? How can we improve the control efficiency under the practical restraints? In order to answer these questions, first this paper analyzes the risks and their reasons of Chinese securities firms, so as to find corresponding measures. Then we discuss the relationship between internal and external risk control from a theoretical perspective, followed by the practical restraints imposed on strengthening risk control. Finally, this paper concludes with a basic framework of coordination and balance between internal and external risk control.