The Credit Risk Of Listed Companies In China To Study

The credit risk has already being the main risk which the World Bank and financial organizations and even the enterprises faced. One investigation which has been done by the Mckinsey Company indicates that the credit risk accounts for 60% in the bank overall risk, but market risk and operation risk then only respectively accounts for 20%. Our country does not form the true commercial credit environment, on the contrary, the realistic situation is that people honestly surface credit crisis. According to one investigation that there are about 50% economic contract has the cheat. The domestic and foreign researchers have done massive research works to the topic of credit risk, the techniques developed from the traditional 5C essential factor analytic method, the financial ratio synthesis analytic method, the multi- variables distinguishes model to the modern Merton model, density model and so on. These methods have obtained recognition and also been well used in some countries, but whether these methods genuine suitable for our country national conditions or not? This article draws up from the actual situation of our country, hoping to have a study on the credit risk of the Public Company.The Topic of this article is to rating credit condition of the enterprises. First, the author carried on the elaboration to the concept of Credit as well as the Credit Risk, and had a review to the research present situation of overseas and our country, and then had a study on the credit risk by using the principal components analytic method. First selected 11 financial variables that people commonly used, carried on the operation using SPSS software, obtained 4 principal components, but we discovered that this group of variables also could not reflect the credit risk characteristic of our country enterprise. Then we used another 17 variables profiting from commercial bank, carried on the operation using SPSS software, obtained 4 principal components. In this operation we found one interesting phenomenon: the...