Asset pricing model based on the representative investor′s preference to upside risk and aversion to downside risk is put forward and bilateral systematic risks are separated from the total volatility using this asset pricing model.

Some Problems on the Systematic Risk in Securities Investment;

The Systematic Risk Analysis of China Securities Market;

It is difficult to solve the problem of systematic risk which includes systematic risk and institutional risk in the Chinese securities market.

Stock index futures, as an instrument to avoid systematic risks, have been popular in foreign countries for many years.

Inspired with the supervision notion of the Basle Committee and for highlighting the purpose of supervision, the author uses "systematic risks" as the "starting point of theory and logic" of supervision of multinational banks.

Economic Fluctuations,Non-performing Loans and Systemic Risk of the Banking

Contagion effect is the key problem of the Banking Systemic Risk(BSR).

Through the statistical data and the achievement of empirical study,the high system risk character of Chinese stock market and its high challenge for securities companies at present are revealed.

The stock index future is a useful tool avoiding system risk in the stock market.

Based on this model we can see that system risk in agricultural production make the farmer\'s risk highly correlation and then inhabit the supply of crop insurance,so the crop insurance is failure.