On the basis of summarizing risk budgeting technique in being, this paper introduces multi-factor model into process of risk budgeting, and sets up program of multi-factor-risk budgeting.

• 摘要本文在对现有风险预算技术进行评述的基础上，将证券收益的多因素模型引入风险预算过程，建立了基于多因素模型的风险预算方法。