文档介绍：摘要
融资融券交易又称“证券信用交易制度”,主要是指券商为投资者提供融资和融券交易。融资是借钱买证券,证券公司借款给客户购买证券,客户到期偿还本息,客户向证券公司融资买进证券称为“买空”;融券是借证券来卖,然后以证券归还,证券公司出借证券给客户出售,客户到期返还相同种类和数量的证券并支付利息,客户向证券公司融券卖出称为“卖空”。融资融券在海外已得到普遍实施,我国也从2010年的3月31号正式启动融资融券交易试点。这项业务在给我国经济注入生命的同时,也带来一定风险。本文通过对融资融券风险收益的分析,为我国融资融券业务提出建议。
关键词:融资,融券,风险,收益
ABSTRACT
Margin trading has already obtained universal in overseas ,and to the basic functions of the stock market has been fully exploited. Margin trading is also called "securities credit transaction system", is mainly refers to brokers provide investors with financing and securities transactions. Financing is to borrow money to buy securities, panies buy securities and lend to clients, clients pay principal and interest , the clients financing to panies buy securities referred to " Short purchase "; securities loan is to use the securities to sell, and then return the securities, panies lend securities for sale to the customer, the customer return the same type and number of maturity securities and pay interest margin pany to sell customers as "short selling". China from March 31 this year, officially launched the pilot margin trading. The business preliminary implement in china, We must look at prehensively, in that it gives into the life of our economy, we must fully understand the risks to its . This article through to analysis of margin trading’s risk and return, Put forward mendations for margin trading in china.
Key words: Financing, securities loan , risk , return
目录
摘要…………………………………………………………………………………………Ⅰ
Abstract……………………………………………………………………………………Ⅱ
引言………………………………………………………………………………………… 1
一、我国融资融券的发展情况……………………………………………………………2
(一)历程…………………………………………………………………………………2
(二)试点业务单位举例…………………………………………………………………3
二、融资融券的风险分析…………………………………………………………………3
(一)被强制平仓的风险………………………………………………………………3
(二)杠杆交易风险……………………………………………………………………4
(三)助涨住跌风险………………………………………………………………………5
(四)其他风险……………………………………………………………………………5
三、融资融券的收益分析……………………………………………………………………6
(一)提供了新的盈利模式……………………………………………………………6
(二