Research On Credit Risk Governance Of Guarantee Circle In Rizhao City

In the first quarter of 2014,Shandong CX Group experienced its first debt default.Shandong CH Group was suspected of evading customs duties and was investigated.The risk of financial credit market in Rizhao City was concentrated.With the tightening of the bank credit policy,the trade financing credit risk of Rizhao City trade enterprises suddenly broke out and was transmitted to the upstream industries such as manufacturing through the guarantee circle.The outbreak and transmission process of this round of guarantee circle risks provide typical research materials for practitioners in related industries.In the process of analyzing the guarantee circle transmission mechanism,it can be found that there is a loophole in the risk control system of commercial banks,which cannot cut off the transfer of bank credit business risk to the whole market,resulting in the spread of single customer risk to the guarantee circle and even the guarantee network.Government regulation can effectively make up for this loophole.In order to establish a risk prevention and control mechanism for the guarantee circle with government management as the core,analyze the reasons for the risk of the guarantee circle in Rizhao City from the perspective of the government,and combine the current banking credit operation mechanism to analyze the contents of the management links of the regulatory agencies and improve them.The government governance guarantee circle risk model of the process.The innovation of this paper is to analyze the shortcomings of the credit relationship participants in preventing and defusing the risk of the guarantee circle from the perspective of the government,instead of formulating the guarantee circle risk solution scheme with the borrowers and the borrowers as the center.Starting from the actual effect,the core position of government supervision is established,and the supervision content is sorted out in a step-by-step manner,including risk prevention,risk control and risk disposal,and establishing a model for the whole process of government prevention and control and supervision of the risk of the guarantee circle.The main conclusions of the study are:(1)The credit risk of the guarantee circle should be based on the regulatory body.On the one hand,the traditional credit risk governance model of the guarantee circle relies on the commercial bank's own risk management structure,is limited by corporate governance boundaries,and lacks external cooperation mechanisms.It has been proved that it cannot meet the governance needs of hundreds of thousands of enterprises.On the other hand,local and staged governance cannot predict the spread of the guarantee circle.Therefore,it is necessary to adopt a government's social service function to supervise the planning and mobilize the execution of all parties to achieve the ultimate comprehensive governance effect.(2)The government governance guarantee circle credit problem should establish a full process supervision mode.This paper proposes a four-step solution,starting from market education,regulatory agency coordination,financial infrastructure construction,system construction,creditor joint conference construction,etc.,in accordance with the risk prevention and control phase,the risk initiation phase in the guarantee circle,the risk transfer phase,and the zombies.The four stages of capacity disposal and business recovery phase are divided to gradually resolve the problem of bad credit in the guarantee circle.(3)The credit risk management of the guarantee circle falls within the specific area of Rizhao City and reflects a lot of work details.The government governance model relies on the support of the participants in each market,the implementation of laws and regulations,and the research support.Comprehensive service-oriented market governance aims to restore the spontaneous health of the market.