Optimization Research On Credit Rating System Of HG Bussiness Incubator

As a booster of “Mass Entrepreneurship and Innovation”,business incubators have been booming in China since it was proposed in 2015.Along with the fast development of the business incubator industry,many incubators have been listed in the National Equities and Exchange Quotations.When the number of incubators increase,every single incubator in the industry faces more intensive competition,and followed with further tightening of government support policies.Thus,it requires that the incubators need to rely more on their own profitability and financing ability,rather than government financial subsidies,to survive.Therefore,in order to succeed in the competition,it is necessary for business incubators to establish a set of credit evaluation system to improve their overall credit reputation,and subsequently,to win the trust of the government,venture investors,bond investors,banks,etc.,and finally to establish a long-term foothold in the business incubator industry.By means of case study,questionnaire survey and literature research,this paper optimizes the credit evaluation system of business incubators to make it meet the requirements of self-credit evaluation of HG business incubator.By comparing with other listed incubators in the industry,this paper obtains the enhancing direction of HG business incubator.At the same time,the credit evaluation system in this paper can be extended to other enterprises in the incubator industry to help improve the overall incubating capacity of the incubator industry.In order to improve the overall and long-term credit level of the business incubator,the credit evaluation system in this paper is based on the broad sense of credit evaluation.By summarizing and optimizing the credit evaluation system of banks,government and investors for business incubators,the 5C credit evaluation framework is used to optimize the evaluation from seven aspects: historical credit,external operating environment,corporate strategy,corporate governance and management,financial analysis,company size,company background and external support.The external environment includes the macro environment,the industry environment and the competition environment.Corporate strategy,corporate governance,corporate management and financial analysis are the embodiment of corporate repayment ability.The scale and historical credit of the company reflect the historical credit status of the enterprise.Corporate background and external support reflect the external support that can be obtained by the enterprise.Then,the group decision function of Yaahp software in the analytic hierarchy process is used to determine the weight of each index and finally form the optimized credit rating system.Compared with the original credit evaluation system from the bank,the government and investors,the optimized HG incubator credit evaluation system better reflects the repayment ability of the incubator,namely: corporate strategy,corporate governance and management,and financial data analysis.It is found that HG business incubators need to reduce rent and property management costs,strengthen internal talent training,and introduce professional technology and consulting personnel in the company to increase the competitiveness of high level business services.In addition,HG business incubator need to further improve their financing capacity,so as to make better profits through investment.Finally,these methods can help HG business incubator to improve high-end business service income and investment income to support the operation of the business.