Risk Management Analysis of Chinese Securities Companies Based on the 8.16 Incident of China Everbright Securities Company

DOI

10.2991/978-94-6463-102-9_112How to use a DOI?

Keywords

8.16 Incident; Everbright Securities; Risk Management; Internal Control

Abstract

Today, securities firms are exposed to a wide range of risks. Therefore, the ability to effectively manage risks has become an important factor, which affects the survival and development of the company. Some securities companies are lagging behind in risk management and internal control, and the resulting risk events have seriously affected the normal development of the company. External institutional supervision and internal risk management are the two main safeguards for securities companies to prevent risks. However, external regulation is often costly and not well targeted. For securities companies, strengthening their own risk management and internal control construction is the fundamental measure. This paper presents a case study and a general study of risk management in Chinese securities firms using a case study approach. The analysis focuses on the occurrence of the 8.16 incident at Everbright Securities and points out the serious deficiencies in the information system, risk reporting system and risk response mechanism, which are important aspects of risk management at Everbright Securities. Based on the problems exposed by Everbright Securities and the general problems of risk management in China's securities companies, this paper proposes three measures to improve risk management in China's securities companies: enhancing information systems, improving risk reporting pathway, building risk response mechanism.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jiaqi Lyu
PY  - 2022
DA  - 2022/12/29
TI  - Risk Management Analysis of Chinese Securities Companies Based on the 8.16 Incident of China Everbright Securities Company
BT  - Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
PB  - Atlantis Press
SP  - 1071
EP  - 1080
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-102-9_112
DO  - 10.2991/978-94-6463-102-9_112
ID  - Lyu2022
ER  -