Dissertation Submitted to
Hebei GEO University
for
The Master Degree of
Business Administration
Research on Optimization of Compliance Management
System of C Securities Company
by
Cao Xuan
Supervisor: Prof. Li Guozhu
Associate Supervisor: Li Bingliang
December 2021

摘
要
有效的合规管理是一个证券公司能够繁荣发展的根基。完善的合规管理体系
可以帮助券商降低业务风险，提升合规管理水平。伴随中国资本市场的快速发展
和不断的业务创新，只有建立完善的合规管理体系，券商才能在高速发展的快车
道不脱轨。伴随着近年来监管处罚力度的持续加大，作为资本市场看门人的证券
公司，其合规管理机制的建立成为了行业内持续关注的重点。证券公司必须坚持
一切经营活动以符合法律法规、监管规定为第一准绳。只有依法合规经营，才能
取信于客户、取信于市场、取信于社会，从而赢得良好的生存发展环境。因此，
一套科学可行的合规管理体系是提升证券公司合规管理水平的重要手段，从而降
低监管处罚风险，为业务发展保驾护航，提升其核心竞争力。
本文以 C证券公司为例，深入研究其合规管理体系现状并对其存在问题进
行分析，从而针对现存问题对其合规管理体系提出优化方案。本文将采用文献分
析法，对国内外证券行业合规管理理论进行系统性研究，对合规管理的概念、理
论体系以及历史沿革进行梳理，为本文提供理论支持。以往关于证券行业合规管
理的研究多采用定性分析，本研究创新点在于结合问卷调查法、层次分析法，对
C证券公司合规管理体系现状进行定性和定量分析，从而更加科学、客观的对其
体系情况进行评价，找出其现行体系中存在的问题并剖析问题成因。采用比较分
析法，对比 C证券公司与行业内合规管理能力较高的证券公司体系建立的差异，
进而得出 C证券公司合规管理体系改进措施，从而提升公司合规管理水平。
关键字：合规管理合规管理体系合规风险证券公司
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ABSTRACT
Effective compliance management is the foundation for a securities company to
prosper. A sound compliance management system can help securities firms reduce business
risks and improve compliance management. With the rapid development of China's capital
market and continuous business innovation, only by establishing a sound compliance
management system can securities companies stay on the fast track of rapid development.
With the continuous increase of regulatory penalties in recent years, securities companies,
as gatekeepers of the capital market, the establishment of their compliance management
mechanism has become the focus of continuous attention in the industry. Securities
companies must adhere to all business activities in accordance with laws and regulations,
regulatory provisions as the first criterion. Only by operating in accordance with laws and
regulations, can we win the trust of customers, market and society, so as to win a good
environment for survival and development. Therefore, a set of scientific and feasible
compliance management system is an important means to improve the compliance
management level of securities companies, so as to reduce the risk of regulatory penalties,
escort business development and enhance their core competitiveness.
This paper takes C Securities Company as an example to deeply study the current
situation of its compliance management system and analyze its existing problems, so as to
put forward an optimization plan for its compliance management system. This paper will
use literature analysis method to systematically study the theories of compliance
management in securities industry at home and abroad, and sort out the concept, theoretical
system and history of compliance management in the securities industry, so as to provide
theoretical support for this paper. Previous research on securities industry compliance with
qualitative analysis, innovation point of this study is to combine the questionnaire survey
method, analytic hierarchy process (ahp), the C compliance management system present
situation of the securities firm for qualitative and quantitative analysis, thus a more
scientific, objective to evaluate the system status, find out the existing problems and
analyze the problems in the current system. Comparative analysis method is adopted to
compare the differences between C Securities Company and securities companies with
higher compliance management ability in the industry, and then the improvement measures
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