Research On Credit Risk Management Of Tobacco Industry Chain Finance Of Yunnan HONGTA Bank

In the context of the implementation of the national strategy of financial support for the real economy in the new era,industry chain finance,as an important practice for the upgrading and transition of supply chain finance,allocates financial resources based on real industry scenes and transaction information,improves the reliability of economic circulation and speeds up the process of building a modern economic system.However,in the actual operation,due to the difficulties in verifying the trade background,non-standard management,difficult confirmation of accounts receivable rights and other problems,coupled with the neglect of prudent risk management,the financial market of the industrial chain has been subjected to the test of risk management,especially the credit risk caused by the default of the debtor,which has brought considerable losses to financial institutions,resulting in frequent thunderstorms in recent years.Twenty also made it clear that many major problems must be solved in the reliability of our industrial chain supply chain and the prevention of financial risks.However,the existing research on industrial chain financial risk management often separates the link between risk management and industrial chain finance,and ignores the uniqueness of industrial chain itself and the particularity of financial risk.Therefore,the study of specific financial risk management methods based on specific industrial chain has become an issue of keen concern to financial institutions and related departments.As one of the core risks of industry chain finance,credit risk has always been the focus of scholars’ research.The essence of industry chain finance is to give full play to its credit creation function.By transforming the credit of core groups into that of upstream and downstream smes,it can obtain funds from financial institutions,which is conducive to reducing the obstacles caused by information asymmetry.The process of industrial chain development is also a process of continuous selection,and only enterprises with good reputation and low risk can stay in the end.Therefore,it is particularly important to manage the financial credit risk of the industrial chain.Tobacco industry is one of the pillar industries in Yunnan,and tobacco industry chain is the most mature and large-scale industry chain in Yunnan.However,the credit crisis is hidden behind the vigorous development of tobacco industry.The unstable tobacco policy,the challenge of e-cigarette and the unequal distribution of resources may lead to the credit risk of tobacco industry chain finance at any time.Therefore,this paper takes the tobacco industry chain of YUNNAN HONGTA Bank as the research object to study its credit risk management methods.First,by analyzing the upper,middle and lower reaches of the tobacco industry chain of HONGTA Bank,based on the "five tobacco groups",the upper,middle and lower reaches of the tobacco industry chain are divided,and differentiated financial services provided by HONGTA Bank are introduced in stages.Aiming at tobacco farmers in the upstream of the industrial chain,a one-stop service platform will be built to provide comprehensive financial services for tobacco farmers.Provide consumer credit business for tobacco workers in the middle reaches of the industrial chain,and build two tobacco settlement platforms for tobacco enterprises;It provides one-stop online financing products relying on the integrated service platform of supply chain for tobacco supply chain customers in the downstream of the industrial chain,and provides cigarette retail customers with five services: modern retail terminal,cigarette ordering and sales fund settlement,"Xiangyue loan",membership system and nontobacco commodity supply chain system.Based on the risk management system,this paper first identified the credit risk of the upper,middle and lower reaches of the tobacco industry chain finance of HONGTA Bank,analyzed the credit risk sources of tobacco farmers,tobacco workers,natural persons and companies,and identified the main factors affecting their credit risks.Then,by using analytic hierarchy process(AHP),combined with field research and investigation,and by means of questionnaire,tobacco farmers with the highest default rate are taken as objects,and the identified influencing factors are referred to establish the credit risk scoring model for tobacco farmers.After the credit risk evaluation,the bank will raise the entry threshold,strengthen examination and approval,and strengthen monitoring and early warning for the objects judged to have credit risks.Finally,a set of reproducible and popularizable industrial chain financial credit risk control and management mechanism with internal control system as the guideline,post-risk control system as the action guideline,and digital risk control platform as the technical guarantee is formed.Once risks occur,losses caused by risks can be effectively reduced with the help of this system.