A Study To Small And Medium-sized Enterprise Credit Approval Control Standards In Commercial Banks

To develop small and medium-sized enterprise credit business is one of the important development strategies of the commercial banks to expand basic customer group and improve the structure of credit assets. And credit approval control standards meeting the bank’s risk preference lay the foundation for the sound and rapid development of small and medium-sized enterprise credit business. Compared with the well-developed, case-based and strictly-regulated large enterprise credit approval control standards, and the model-based personal customer credit approval control standards, the small and medium-sized enterprise credit approval control standards in our country are still in the stage of development. This paper analyzes the theories and practical experiences both at home and abroad, takes the practice of the Bank of China as an example, and studies the small and medium-sized enterprise credit approval control standards of the commercial banks in China.In2007, the headquarter of the Bank of China introduced the mode of Singapore’s Temasek, combined it with a set of mass operation on the basis of research to domestic market, and finally formed relatively systematic and standardized small and medium-sized enterprise credit approval control standards, which represent the risk management concept of the advanced bank. With the changes in the market, the overall development status of small and medium-sized enterprises has some changes. Firstly, the growth of the traditional manufacturing industry gradually slows down. Secondly, asset-light industry emerges quickly. Thirdly, the enterprise development form takes on a trend of complication, and part of the small and medium-sized enterprises adopt the way of undisclosed group to expand. As a result of the change of the market environment, small and medium-sized enterprise credit approval control standards adopted by the Bank of China, which lay emphasis on "mortgage and guarantee", have some problems, and need to adjust themselves with the change of the market.Taking the new capital accord issued by the China Banking Regulatory Commission as the core and guiding, and on the basis of my understanding of credit risk measurement ways suggested in the new capital accord, this paper analyzes the direction of optimizing the small and medium-sized enterprise credit approval control standards of the Bank of China, and optimizes the control standards. With the aid of modern risk management theories, I try to establish a set of small and medium-sized enterprise credit approval control standards meeting the requirements of the domestic regulatory and suitable for Bank of China and even other domestic commercial Banks.