Risk and control of asset management business
(A) the risk of asset management business
1. Compliance risk
2. Market risk
3. Operational risks
4. Managing risks (II) Risk control of asset management business
1. When a securities company conducts asset management business, it shall clearly stipulate in the asset management contract that the investment risks shall be borne by the customers themselves.
2. A securities company shall truthfully disclose its asset management business qualification, management ability and performance to its customers, and fully disclose market risks, legal risks brought to customers by the loss of asset management business qualification of a securities company and other investment risks.
When introducing the expectation of investment income to customers, securities companies must abide by the principle of good faith, provide sufficient and reasonable basis, and make a special statement in writing: this expectation is for customers' reference only, and does not constitute a commitment of securities companies to ensure that the principal of customers' assets will not be lost or get the minimum investment income.
3. Before signing an asset management contract, a securities company should know the basic information of the customer's assets and income, risk tolerance and investment preference; Customers should provide relevant information truthfully.
When a securities company establishes a collective asset management plan, it shall specify the customer conditions and promotion scope of the collective asset management plan; Customers participating in the collective asset management plan should have corresponding financial investment experience and risk tolerance.
4. Customers should make a commitment to the legality of the source and use of their assets.
5. Securities companies and other promotion agencies shall take effective measures to make customers know the characteristics, risks, rights and obligations of the collective asset management plan in detail, but they shall not publicize the collective asset management plan through public media such as radio, television and newspapers.
6. A securities company shall provide its clients with an accurate and complete asset management report at least once every three months, and make a detailed explanation on the configuration and value changes of clients' assets during the reporting period.
7. A securities company shall ensure that the assets of customers, its own assets and those of different customers are independent of each other, and establish separate accounts, independent accounting and separate account management for the assets of different customers.
8. When handling the collective asset management business, a securities company shall ensure that the assets of the collective asset management plan and its own assets, the assets of the collective asset management plan and other customers, and the assets of different collective asset management plans are independent of each other, with separate accounts, independent accounting and independent management.