开放式基金流动性风险及其会计防范

An Analysis on the Risk of Liquidity of Open-Ended Funds and the Accounting Prevention

流动性风险是开放式基金运作中所有风险的集中表现,我国开放式基金流动性风险具有高流动性资金来源与低流动性资产相匹配的结构不对称、市场系统风险较高与避险机制短缺的不对称两大特点。流动性风险的会计防范主要包括会计反映、会计控制、会计预警、会计分析四个方面,具体可从资产管理、负债管理、流动性管理计划等方面采取防范措施。

The risk of liquidity is the main reflection of risks in the operation of open-ended funds.In China the char-acteristics of the risk can be summed into two sides.First,financial sources of open-ended funds are of high liquidity while the funds themselves are of low liquidity.Second,the risk caused by the market system is high while the mechanism of the risk aversion is not amplified.The accounting prevention of the risk of liquidity of open-ended fund in China includes ac-counting reflection,accounting control,accounting warning,accounting analysis.In practice in order to low the risk of liq-uidity steps can be taken in the management of capital,debt,liquidity,etc.