Research On Risk Management Of Commercial Banks Underwriting Corporate Bonds

With the rapid development of the social economy,capital market plays an increasingly important role in China’s economic market.However,the traditional capital market already can’t satisfy the requirement of modern capital market development,to that end,countries carried out a series of reforms to promote the development of capital market.At present,in the main rely on the financing of enterprises in the form of bank loans due to the influence of various factors and market environment,especially as bank loan interest rates constantly increase and loan threshold enhancement,causes the enterprise financing costs rising.Therefore,the enterprise adopts diversified financing method,which is the choice to solve the shortage of enterprise funds.The bank has long been the main supplier of the enterprise’s production and operation capital,and in the new situation,we must constantly expand the business to achieve the development of ourselves.The debt financing tools are commercial Banks to lend to firms that a new type of financing,due to its flexible financing way,and the financing threshold is low,is popular with many enterprises,and been adopted by many enterprises.But for commercial Banks,there is a huge risk of financing for loans from different companies.Such as underwriting risk,legal risk,reputational risk,and cost risk.ZX commercial Banks,for example,this paper,through the case analysis of its management problems that exist in the underwriting business,ZX are put forward based on existing problems of commercial Banks to perfect the countermeasures of underwriting business,including strive to consolidate customer base,rich innovation,strengthen risk control,attaches great importance to the professional talent team construction,establish and improve the assessment of scientific and effective incentive mechanism.It is hoped that these measures will promote the healthy and sustainable development of the ZX bank bond underwriting business.Framework in this paper includes five parts,the first part is the research background and research meaning of this thesis,as well as the related research literature review,including the first and second chapters;The second is an overview of risk-related management theory,including chapter three;The third part is an analysis of the current situation and existing problems in the issuance of bond financing by Chinese enterprises,including chapter 4;The fourth part is case analysis,mainly through to the related problems of ZX bank underwriting securities business is analyzed,including its underwriting securities business responsibility,risk and its identification,as well as how to prevent,including chapter v;The fifth part is conclusion,mainly including the commercial Banks to carry out the diversified management is the trend of The Times,but for the underwriting business enterprise bonds,especially underwriting variety innovation,how to manage underwriting business risk,is the commercial Banks internal control must be taken seriously and actively explore problems.Such as the underwriting business of underwriting risks and legal risks management and control,to maintain the normal conduct of the business,only if the risk is also the premise of effective management,debt underwriting business to bring real benefits for bank.