The Research Of Automotive Finance Risk Management In Sinotruk Financial Company

China Heavy Duty Truck Finance Co., Ltd.(CNHTC) is a non-bank financial institution funded by China National Heavy Duty Truck Group Co., Ltd.(SINOTRUK). During26years since CNHTC was established, its financial business gained rapid development.After the reorganization of2004, especially the development efforts in recent years,CNHTC as a modern financial enterprisearchitecture, function, basic system, The financial company as the core group of financial industry platform, in the market development, business management, risk prevention, specification development, financial product research and development, IT construction progress, give full play to the role of financial service platform of financial companies, the largest group of stock funds benefit, Have been gradually integrated into the group of the business field, combined with the effect of industry and finance, have made should do contribution for the development of the group. CNHTC since2008the official start business of automobile consumption loans, after5years of continuous efforts,cumulative total sales of21000vehicles, issuance of car loans more than5300000000yuan, the business scope involves heavy truck, dump truck, light truck, special vehicle, bus excavators and other heavy all brands of cars. Role of automobile financial group product sales increase, the automobile finance marketing concept has been gradually integrated into the main unit and the dealer awareness and sales, the automobile finance has become powerful tool of auto sales.However, in the rapid development of the business at the same time, the risk of various internal and external have gradually emerged, some has seriously hindered the healthy operation of the finance company,resulting in a large number of risks. Is mainly reflected in:One is the characteristic of credit subject matter is not easy to control, the borrower’s low-end and repayment sources of uncertainty determines the company auto finance business risk. SINOTRUK products mainly to the dump truck, cement mixer, borrowers mainly consisting of farmers, contractors and other low-income groups, especially the credit consciousness of overall quality is not high, the vehicle running environment is complex, is affected by the pressure of the economic downturn, yield and amount of steel, cement, coal and other energy industry has greatly fall, the borrower operating conditions have been seriously affected, a serious shortage of capacity, freight clearing funds to the timely cause repayment sources of funding problems.The two is the rapid development of the business, the internal management is relatively weak, the level of risk management needs to be improved.The three is as a veteran financial company, its business ideas, mechanism construction, internal management, especially in the establishment of modern financial development requirements of the enterprise risk management, performance evaluation, rewards and punishments distribution with domestic financial companies, the province there is a big gap compared. Positioning the company’s development has not reach the expected goal of regulators, endogenous growth power still needs to be enhanced. Financial companies to become an advanced financial enterprises, to undertake group of IIFC financial platform, to shoulder the financial booster role group product sales, to meet the financial needs of the various sectors of the industry chain, must establish a scientific and rigorous risk management control system.The four is employees of the risk prevention consciousness is not strong, the control system is not perfect, loan review process is not rigorous,informatization and the construction of the internal control system is not synchronized, the lack of risk performance evaluation results ofperformance evaluation, as an important basis for rewards and punishments, the lack of effective implementation of the company about the risk responsibility and rectification measures.Five is the risk management system is not perfect, especially the pre loan investigation, loan operation, the rules and regulations of post loan management should be strengthened to improve.Six is CNHTC’s information technology work has been lagging behind, for a long time to become the bottleneck in the business development, to a certain extent even restrict business development, the risk for other risk management of financial enterprises is still in the primary stage of relative to, governance is not in place. This article, all kinds of risks for automotive business may face financial credit CNHTC are discussed. The main sources pointed out that credit risk and the causes and risk categories, according to the cause of the risk, combined with relevant countermeasures and measures of risk prevention, from the construction of risk management system, strengthen the external control, strengthen information management, from the financial industry to achieve management specialization provides an optimized scheme. Automobile finance company auto finance business are in the stage of development, this research can provide reference for the next step, develop the automobile finance and risk control.