在业务高速发展的情况下,中国证券监督管理委员会的监管力度进一步加大,
市场透明度进一步增强,如果不相应提高对风险管理的重视程度,风险发生的
概率将大幅提升,一旦爆发,将严重影响品牌声誉,不论对业务本身还是所属
公司都将是沉重的打击。另一方面,恒泰证券公司投资银行作为经营风险的金
融机构,风险管理水平的高低也是衡量核心竞争力的重要指标之一。鉴于此,
恒泰证券公司投资银行加强IPO业务的风险管理是必要、迫切的,对IPO业务
风险管理的研究无论在实践中还是在理论上具有重要意义。

论文从IPO业务宏观管理环境与业务流程风险控制两个角度研究恒泰证券
公司投资银行IPO业务的风险情况,使用影响IPO业务宏观环境的七个要素及
COSO报告内控理论进行分析检验,并提出解决方案,目的是提高IPO业务的项
目成功率和风险管理水平。全文分为五章:第一章为绪论,主要介绍选题背景
及意义;论文的研究方法路径及手段;论文的框架结构。第二章主要介绍恒泰
证券公司概况;投资银行及IPO业务简介;IPO业务的主要宏观影响因素及风
险事项;IPO业务流程风险。第三章主要介绍COSO报告内控框架;IPO业务外
部环境情况分析及IPO业务内部控制分析。第四章主要介绍恒泰证券公司投资
银行IPO业务存在问题及改进建议。第五章为论文的结论与展望。

通过对IPO业务风险控制的深入研究,本文得出两个主要结论:
1、目前恒泰证券公司,甚至是我国整个投资银行IPO业务风险控制注重
的都是静态的风险管理,忽视了动态风险管理,没有充分认识到外部环境变动
的重要性,本文认为应特别加强IPO业务动态风险管理,时刻关注监管重点与
风险防范的重点变化,跟得上监管的脚步,这是提高项目成功率的有效措施。

2、恒泰证券公司投资银行IPO业务最根本的问题是管理者与从业者大多
是站在相互信任的基础上实施风险管理。使得内控理论的运用大打折扣。

关键词:投资银行,IPO业务,风险管理,改进建议
Along with the gradual maturity of the securities market,IPO business have also
shown a trend of the high-speed development of the case.With the rapid of the
growth of business,China Securities Regulatory Commission has further increased
the supervision and further enhanced market transparency,if not pay more attention
to risk management,the probability of occurrence of a risk would considerably
increase,once breakout,which will seriously affect brand reputation, whatever the
business itself or the company of affiliation will be a heavy blow.on the other
hand,The Investment Banks of HengTai Securities Company as the management risk
of financial institutions, risk management level is the one of the important indexes in
view of this.The Investment Banks of HengTai Securities Company strengthen the
risk management of the IPO business is urgently necessary.The research on risk
management of the IPO business is very significant whether in practice or in theory.
This paper, from the IPO business environment and business process research
the risk of the IPO business of TengTai Securities Company's investment banking
business.I use the seven elements of macro environment influence IPO business and
COSO internal control theory to analyze inspection report, and put forward the
solutions.the purpose of research is to improve the success rate and risk management
level .the full text if divided into five chapters: the first chapter for the
introductionthis article introduces background and meaning of this selected works;
research method and means path.the second chapter introduces the company's profile;
Investment Banks and IPO business brief introduction; The macro influence factors
of IPO business and risk matters.the third chapter introduces COSO report theory
and risk points.the fourth chapter mainly introduces IPO business1 problems and
improvements.chapter 5 for summary of research projects in the Results,and the next
step of research ideas。。。