浅谈融资融券业务引起的财务风险及控制

The analysis of financial risk and control due to margin trading business

融资融券是投资者向证券公司或者其他中介机构在提供了一定的担保物之后借入资金买入证券或者借入证券并卖出的交易行为。融资融券业务给资本市场带来了新的发展机遇的同时也给证券市场中各个主体带来了巨大的财务风险。如何有效的防范和控制这些风险已成为融资融券业务中所要研究的一项重要课题。文章就我国当前融资融券业务中财务风险的防范与控制问题进行分析与论述,首先阐述了融资融券的内涵及其治理体制,继而分析了融资融券业务中证券公司、投资者以及作为标的证券的上市公司所面临的各项财务风险,提出了融资融券业务中各个主体进行风险防范与控制的对策措施。

Margin trading is a trading activity that investors borrow funds to buy securities or borrowed securities and sell securities after investors provide a certain amount of collateral to securities firms or other intermediaries. Margin trading business has brought new opportunities for the capital market development, but also has brought huge financial risk for all the main securities market. How to effectively prevent and control these risks has become an important issue to be studied in the margin trading business. This paper analyzes and discusses the prevention and control of financial risk in China＇ s current margin trading business, first elaborates the connotation and gov- ernance system of margin trading, then further analyzes of the various financial risk of securities companies, in- vestors and listed companies as the underlying securities in margin trading business, and put forward risk preven- tion and control measures of the main body in margin trading business.