FINANCE RISK PROJECT MANAGEMENT THEORY AND ITS NEW DEVELOPMENT

摘要

There are various reasons for financial risk, which is combined with financial unify and financial innovation closely. Financial risk management theory emerges and develops on condition of managing risk efficiently that is the only way to make financial industry keep on existing and develop with long-term. The development of risk management theory goes through the early phases of term structure theory, mean-variance theory, capital asset pricing model, option pricing theory, value at risk model, total risk management and overall risk management. It always has tremendous function for dispelling financial risk. As a rising subject, the internal and external of risk management theory, as well as its system, frame and structure are also facing innovation all the directions, renewing their selves and developing quickly with the development of economy. The development trend of future finance risk management theory is pointed out as the expanding of risk management ranges, changes of risk management technologies, and extensive applications of chaos theory.