Discussion On The Operation And Management Model Of Policy-based Agricultural Credit Guarantee Companies

In order to promote the development of China's agricultural modernization and solve the problems of "difficult financing" and "expensive financing" of agriculture,the Ministry of Finance,the Ministry of Agriculture and the China Banking Regulatory Commission jointly issued a document in 2015,which will take three years to establish a nationwide,policy-oriented and focused agriculture,a relatively independent agricultural credit guarantee system,dispel the concerns of banks and other capital suppliers about agricultural credit risks,reduce the comprehensive financing costs of agricultural business entities,play a "bridge" and "link" that connects new agricultural business entities and capital suppliers,introduce more financial living water into the field of agricultural and rural development.The agricultural credit guarantee system is a policy financial innovation mechanism with the characteristics of "government + market" and "finance + finance".At present,the theoretical research on this innovation mechanism is not yet in-depth,and there is no mature and efficient operation management method can be used for reference in practice.Therefore,the provincial policy agricultural credit guarantee companies are at the stage of exploration in practice.This article combines the research and practice of rural finance and financing guarantee at home and abroad.Firstly,it analyzes that China's agricultural production and management are not only generally weak in agriculture,but also have Chinese characteristics of family-based operation and weak risk resistance.The self-owned funds of agricultural management entities are difficult to meet the development needs of modern agriculture.Secondly,from the perspective of financial support for agriculture,it is analyzed that it is difficult for agricultural business entities to obtain loans from formal financial institutions under the existing financial system.Thirdly,from the perspective of financial support for agriculture,the traditional agricultural "three subsidies" policy has not been adapted to the new situation of my country's agricultural development.The financial support funds are scattered,it is difficult to form a joint force,and the support for new agricultural management entities is limited.Finally,based on the author's work practice in policy-oriented agricultural credit guarantee companies,taking Jiangsu Province Company A as an example,the operation and management of agricultural credit guarantee companies are analyzed from three aspects: business model,risk management and internal control,and the paper proposes specific optimization suggestions for strategic positioning and operation management: In terms of operation management,policy agricultural credit guarantee companies should not only play the role of bank agricultural credit business compensation and insurance,blindly rely on financial subsidies or compensation,but should be based on the policy objective of solving the “difficult financing and expensive financing” problems of agricultural business entities is to focus on solving the three restrictive factors of “low yield,high risk,and high cost” of agricultural credit,take the “productized” business development path,and innovate agriculture credit risk management methods,strengthen internal control,and create sustainable development capabilities.In terms of strategic positioning,policy agricultural credit guarantee companies should not only be limited to the current agricultural credit guarantee business,but from the perspective of supporting the construction of China's rural financial system,while doing a good job in agricultural credit guarantee business,they should provide support for establishing the complete rural financial system.