Discussion On Risk Management Of Industrial Group Finance Company Industrial Chain Finance

It has been more than 30 years since the establishment of China's first financial company in 1987.As of the end of 2018,the total number of legal entities in the industry totaled 253,and the total assets of the industry reached 9.5 trillion yuan.The operating efficiency of the group has been steadily improved.Has become a force that can help China's enterprises grow and develop.In order to encourage financial functions and promote the extension of financial services of financial companies to the industrial chain,the CBRC issued the "Guiding Opinions on Group Companies' Financial Companies to Extend Financial Services of the Industrial Chain(Trial)" in May 2014.The Guiding Opinions broke through the restrictions on the service scope of financial companies in the "Administrative Measures for Group Financial Companies",allowing its financial services to be extended to upstream and downstream enterprises of member units.From now on,financial companies can set foot in the industry chain outside the group to carry out "one head out" industrial chain financial services.The issuance of the Guidance Opinions has cross-epoch significance for group enterprise financial companies.Chinese financial companies have entered the time about development and exploration of chain finance.The rise of financial services in the industrial chain of group corporate finance companies has greatly eased the problems of "financing difficulties" and "expensive financing" for small and medium-sized enterprises in the upstream and downstream of the industrial chain,which has played a vital role in the survival and development of small and medium-sized enterprises in the industrial chain.However,the limitations of the group enterprise finance company's industrial chain financial business itself,as well as the conductivity and magnification of the industrial chain,pass the characteristics of high risk and unstable operation of small,medium and micro enterprises to the industrial chain.In order to ensure the controllability of risks in the industrial chain and the continuous and efficient support of the industrial chain finance of the group enterprise finance company to provide assistance to the real economy,it is necessary to carry out the group's industry chain financial risk management activities.Uncertainty is limited to acceptable levels.Group enterprise finance company's industrial chain financial risk management is a major issue faced by group enterprise finance companies in developing industry chain finance at this stage.Through literature research,quantitative and qualitative research,case study and comparative research,this paper describes the process and characteristics of the development of financial risk management in the industrial chain of financial companies in China and the principles of financial risk management in the industrial chain of financial companies.All above provides solid theoretical basis for this paper.This paper quotes HR Group Finance Company as a case,as well as the strategic elements and risk management processes of HR Group Finance Company's development of industrial chain financial services,to analyze the problems of HR Group Finance Company's industrial chain financial risk management through comparison and other analysis.The cause of the problems is found and improvement measures and suggestions for the reference of the enterprise are proposed in this paper.Through the research on HR Group Finance Company,it was found that HR Group Finance Company has problems in the industrial chain risk management environment,such as irrational organizational structure settings,insufficient training of risk management personnel,and timely update of risk management systems.A horizontal and vertical comparison of the liquidity ratio,capital adequacy ratio,non-performing loan ratio,and risk asset coefficient of the HR Group Finance Company in recent years reveals that there is a large liquidity risk in the HR Group Finance Company's liquidity risk management and credit risk management.Significant and higher levels of credit risk.The above-mentioned problems arise due to the limitations of the financial company itself,the high cost of the existing staff training system,the imperfect credit risk evaluation indicator system,the loose credit control of the credit factory model,and the complexity of the external environment of core companies in the industry chain.In view of the above problems,this article gives improvement measures: optimize the risk management environment,improve the credit risk management system and quantify the credit risk evaluation model,control the credit line and expand the source of funds,and use the blockchain technology to upgrade the existing industrial chain financial model.