Research On Risk Management Of Supply Chain Finance Of ZG Group Company

The introduction of the "Guidelines for Comprehensive Risk Management of Enterprise Group Finance Companies" provides an important reference basis for finance companies to effectively manage credit risk,market risk,operational risk,liquidity risk,etc.It is conducive to promoting enterprise group finance companies to build a comprehensive risk management system and improve the level of risk management.In recent years,the supply chain finance business of ZG Group Finance Company has developed rapidly,with an average annual growth rate of 45.77%for various loans and a rapid growth rate of 36.09%for total profits,which strongly supports the operation and development of the group members.However,due to the late start of the Group's supply chain finance business,it also faces many internal and external unfavorable factors.Externally,it is greatly affected by fluctuations in interest rates,exchange rates and market prices.Internally,the organizational structure,corporate governance structure and the internal control system are not perfect,the risk monitoring system is less information-based and the business experience is insufficient,which will bring risks to the Group's supply chain finance business profits and losses.In order to deal with the above problems,this study attempts to propose solutions from three aspects.First,from the perspective of risk sources,using literature analysis and Delphi method to identify ZG Group's supply chain financial risk factors.Secondly,analytic hierarchy process(AHP)and fuzzy comprehensive evaluation method based on attribute recognition theory are used to evaluate the financial risk level of ZG Group's supply chain.Finally,based on PC matrix and risk management priority factor,the paper puts forward ZG Group's supply chain financial risk response methods and strategies.Through repeated argumentation by various methods,ZG Group's supply chain finance business finally identified 33 risk factors,including 8 credit risks,8 market risks,8 operational risks and 9 liquidity risks.Through the comprehensive evaluation of risk factors,the results of factor weight,risk level and control point level are obtained.From the evaluation results,the overall risk of ZG Group's supply chain finance is high,the results of criteria level weight and risk level are relatively consistent,the credit risk weight is the highest,and the risk level is the highest.The second are operational risk and market risk.Liquidity risk has the lowest weight and level.According to the criteria for dividing control points,credit risk is a key risk control point,operational risk and market risk are important risk control points,and liquidity risk is a general risk control point.Referring to the risk response plans provided by COSO and other international authoritative institutions,and in combination with the "Guidelines for Comprehensive Risk Management of Enterprise Group Finance Companies",the response methods of ZG Group's supply chain financial risk are divided into four types,avoidance,transfer,reduction and acceptance.Single or combined mode are proposed for 33 types of risks.and specific response strategies are proposed accordingly.