Credit Risk Management Analysis And Optimization Of Chengdu X Financing Guarantee Corporation

The guarantee industry in China plays an important role in the financial system,especially in the financing of small and micro enterprises.The existence of the guarantee industry increases the possibility of obtaining the financing for small and micro enterprises,it also raises the financing quotas which small and micro enterprises can get.With the development of the guarantee industry,the industry faces a more complex customer constitute and a rising ratio of the potential risks.In China,compared with the banking industry with a longer development period,the guarantee industry is still an emerging one.There are still many deficiencies in risk prevention and management,which is a major obstacle in the development of the industry.This paper makes a related investigation on the operation of X guarantee company,analyzes the credit risk it faces,and offers some advices on the risk control system of the company to warn and avoid risks that the internal and external uncertainty factor caused.The paper analyzes the credit risk of X Guarantee corporation,which makes conclusions such as the business risk,the operation risk existing in the lawful operation,the imperfect diversion of the risk organization's rights and responsibilities,the lacking of the assessment in the business risk lines,the lacking of analyzing ability on the macro situation and the clients,the management mode of low efficiency paper documents,the risk existing in law and business contract,the ignorance on the following management of the guarantee business,etc.Based on the identification and analysis of the main risk point,the paper offers a proposal on the credit risk control policies of the X Guarantee corporation,such as:We should improve the organization structure system of the credit guarantee business,strengthen the internal control management system,accelerate the transformation of the internal control and operational risk management system,correct all the problems found in the progress of the internal and external audit and supervision,strengthen the functional management,the stuffs and the leaders' study ability,enhance the training,push forward the professionalization of the enterprise team.A professional leader and employee team is needed in the progress of development transformation,innovation and enhancing competitive capability of X financing Guarantee Corporation.The risk performance evaluation system that X financing Guarantee corporation needed,should be established from the angle of the progress and the outcome of the risk management,it also should evacuate the management capability and the final result.By expanding the amount of the clients of the guarantee business,we should adjust the business' s structure risk as well as using the risk tool.While analyzing and controlling the risk,the enterprise may also take advantage of stress test tool to understand the situation better.We should create a information platform,let the risk control system can get enough technical backup.By creating a risk-control information management platform,the enterprise's risk control system can be more reliable and efficient.As one of the financial institution,the guarantee corporation is faced with high profit and high risk.While in the modern financial system,the usage of the techniques in the risk control and prevention plays a more important role,X financing Guarantee corporation should establish a risk supervising platform.The company shall improve and perfect the management of compliance work and the legal affairs relating to the guarantee business,optimize the legal management mechanism in a leading direction of risk control and prevention.In the progress of guarantee business,this enterprise should boost the support of compliance management,strengthen the control of the internal control system and the operating risk,to ensure the lawful operation.We should strengthen the follow-up management,X financing Guarantee Corporation must define the responsibility of follow-up management after the guarantee business happened.The guarantee work is a systematic one,it needs cooperation of the internal departments,the non-compliant issues found in the follow-up management of the guarantee business should be handled properly and seriously.The paper summarizes the research at the end of it and puts forward some future research targets,As in the development of the guarantee industry,the guarantee enterprise is raising standard on risk control,the paper makes suggestions on how to consummate a more scientific risk control system by using for reference other financial institutions,the continuous improving research to risk control is also needed to defined in the paper.