China civil-owned colleges and universities is a new educational mode in the reform of China’s higher education. Whether in quantity or size, China civil-owned colleges and universities have become an important branch in the system of Higher Education. However, with the rapid development of the national economy, the cultural influence of the school-age population and the demand of the Asian financial crisis,China civil-owned colleges and universities seek to leapfrog development and accelerating the construction of infrastructure for the their enrollment expansion. The government also takes to boost domestic demand. Things always have two sides, great leap forward development of China civil-owned colleges and universities are also accompanied by many risks. This paper argues that the financial risk is one of the most important risk in China civil-owned colleges and universities. The expansion of the scale need to invest a lot of money. How to get a lot of money, and make effective use of funds, to promote the healthy and orderly development of the internal financial system of China civil-owned colleges and universities, is becoming an important research topic. There is no specific laws and regulations to require the use of China civil-owned colleges and universities at present. Completely on their own to solve this problem. This has resulted in the financial management system of China civil-owned colleges and universities are not standardized and hidden financial risk problems. The awareness of financial risk management in China civil-owned colleges and universities generally weak inside. School of risk management mechanism has not yet formed. To deal with the risk of the status quo is not optimistic.In this paper, in combination with the current development of China civil-owned colleges and universities’ inside and outside environment, firstly sort out the theory and financial risk of private colleges and Universities. Secondly make a detailed analysis of the current situation and the causes of the financial risk of China civil-owned colleges and universities and its development. And the financial risk is divided into fivecategories, namely financing risk, investment risk, operational risk, risk and profit expansion risk. And select 15 representative financial indicators to construct the financial risk index system of China civil-owned colleges and universities. Then we introduce the AHP- fuzzy comprehensive evaluation method to evaluate China civil-owned colleges and universities’ financial risk. And then I put forward the relevant countermeasures and suggestions. Finally I summarize the innovation and deficiency of this paper. This article has certain reference significance for risk identification, risk assessment and risk control about China civil-owned colleges and universities. Aimed to avoid the occurrence of financial risk, and to promote the healthy stable and sustainable development of China civil-owned colleges and universities. |