Research On Project Risk Management Of Commercial Housing Financing Guarantee Company

Credit plays an indispensable role in the development of enterprises.It not only helps enterprises which have cash flow problems to raise loan but also helps enterprises to optimize capital structure.In a general case,the banks only favor large companies with reliable reputation and abundant capital and pay little attention to the small and medium-sized enterprises which have real financing difficulties.This leads to these enterprises seek private lending with higher interest rates.On the other hand,with the economy development,small and medium-sized enterprises have become an integral part of the national economy.Therefore,financing guarantee company arises to solve the problems of financing difficulties of small and medium-sized enterprises.As a bridge between bank and enterprise,financing guarantee company provide credit guarantee for small and medium-sized enterprises to solve this problems.But at the same time,financing guarantee company also increases its own risk.Therefore,how to improve the financing guarantee company's risk control ability and reduce the compensation is becoming a hot research topic both at home and abroad.The developed countries have been formed a mature financing guarantee system.But the financing guarantee system is suitable for the situation of our country has not been formed.In recent years,many financing guarantee companies have closed down because of lacking of risk management experience.XD financing guarantee company is a state-owned company.Its profit is negative and the large compensatory increases in recent years.Therefore,in order to promote the risk management ability of XD financing guarantee company,this paper using a commercial housing project as an example,and based on the theory of guarantee,analyzes the problem of XD company in the risk management process and put forward the corresponding risk control measures.With main method of case study,the thesis takes current phenomenon of frequent risk occurrence in financial guarantee companies as the starting point,which leads to the background and significance of this work.Based on financial guarantee and the research status and theoretical achievements of project risk management,subsequent in-depth analysis is taken.Through field investigation and collection of relevant information on a commercial housing guarantee project(namely Z-project)of XD financing guarantee company,the present situation of Z-project is discussed in detail.Then the project risks and their causes are analyzed comprehensively.Based on risk management theory and from the point of pre-insurance investigation and post-insurance management,specific practical and operational countermeasures are put forward,after which risk assessment mechanism is build.Through improvement of the Z-project,the risk management system of XD financing guarantee company is optimized.