Study On SME Credit Risk Measurement And Application Based On CreditRisk~+

Risk management is an eternal topic for commercial banks, along with financial globalization, integration, liberalization, innovation and technology development, financial market risk increases rapidly, commercial banks have to strengthen risk management more generally and urgently. Currently, the bank management's focus has transited to risk measurement and risk optimization of the core comprehensive risk management gradually. In order to realize the scientific and overall management of risk, it is becoming more important for the commercial banks to study the combination of the status of our credit risk measure. In our country, the non-state economy has been in the national total account for a large proportion, small-and medium-sized enterprises with the total large number are playing an important role. For commercial banks, develop small-and medium-sized enterprises(SME) credit business and develop adjustment strategy is imperative. For the credit of small and medium enterprises, commercial banks should manage how to ensure the safety of the premise, to achieve profitability and liquidity of high-performance unified, "win-win" for enterprises and commercial banks, is the focus of the problems which need to be solved quickly.Firstly, this article discussed the main theory of foreign and domestic credit risk management, and the definition and characteristics of the SME, and its credit risk, as well as an explaination to commercial bank credit risk management theories. Secondly, the ariticle summarize and compare several advanced measurement of credit risk and scientific techniques, combined with the history of SME credit risk characteristics and situation. Then explore the right qualitative risk measurement methods which fit for China's commercial banks to credit risk measurement of advanced science and technology, and the quantitative empirical studies have shown its effectiveness. Finally, we identified in our application of this method barriers, combined with the reality of China's SME credit proposed countermeasures.