Research On The Risk Management Of Policy Bank In China

As an important part of the financial system, Policy finance is symmetrical, parallel to commercial finance, which used to and continued to play an active and important role no matter in developed countries, such as the United States, Germany, and in South Korea, India and other emerging countries, especially in those developing countries and the economic transformation countries.China accelerated the pace of financial reform since the end of last century. The three policy banks (the State Development Bank, Export-Import Bank of China, Agricultural Development Bank of China) were formed one after the other in 1994, which marked the formal policy finance institutions began to run in our country and preliminarily established policy financial system. The three policy banks has played an irreplaceably important role in promoting China’s economic and financial system reform and maintaining the overall macroeconomic stability development.But as the quick development of China’s economy, the correlated questions of policy finance is increasingly highlighted. At the end of 2013, several major issues on comprehensively deepening the reform, the Central Committee of the Communist Party of China has clearly put forward "promoting the reform of policy-based financial institutions", policy finance development usher in the opportunity.The purpose of this paper is "sustainable development of policy finance, and focuses on" risk management system of policy Bank "; its essence is from the angle of the concept of risk to study the policy finance. This paper chooses to study policy finance from the perspective of risk control, hoping to be able to grasp more accurately the essence of the policy finance, and better guide related practice of policy finance, realizing the sustainable development of China’s policy finance.The related theory of economics, management, finance, banking and the analysis method serve as the instruction, based on China’s policy finance development practice, using the combination of normative and empirical, qualitative and quantitative analysis, the combination of comparison and induction, macro and micro analysis etc, research methods, the paper analyses and discusses issues of China’s policy finance risk management.According to the structure, this paper consists of three parts of the body text.In the preface of the paper, chapter 1,firstly explains the research background, purpose and meaning, and combs out policy finance and its risk、research results of risk management and literature of the sort in domestic and foreign academic circles in chapter 2.The first part of this paper is chapter three, on the development policy finance, function of policy finance, introduces the formation mechanism and pattern of manifestation of policy Bank. Basing on the former research results, the paper lists the particularity of policy Bank.The second part of the paper is chapter four, five and six, according to the author’s experience, taking advantage of regulatory indicators system of China Banking Regulatory Commission, The paper gives empirical analysis of the policy financial risk, according to the outer policy character, the paper sets up "multi angle" risk management model evaluation;Inherent risk characteristics, using "performance" indicators of risk assessment; Combining with the feature of special risks, the paper sets up risk early warning model, and then comes to the conclusion. Secondly, by introducing the history and the evolution of our policy finance risk management, the paper leads to the status quo of policy finance risk management, risk management problems and analyzes the reasons, to establish and improve the overall risk management system to provide an empirical basis.The third part of the paper includes chapter seven and eight, attempting to construct the policy finance risk management system.Chapter 7, from the perspective of endogenous risk, the paper gradually establishes optimization of the corporate governance structure, nurturing of risk management culture, the paper is guaranteed by internal control, supported by risk processes, and improved by raising risk management techniques as a means of policy of the bank’s internal risk management systems at the level of micro-management, ultimately realizing sustainable development, lead by the part to situation as a whole.Chapter 8, from exogenous risk perspective, in macro-management level, analyzing the particularity of policy bank’s external risk supervision, and frames supervision system, namely,establishing "quartet collaboration" monitoring system including the government department, the CBRC, Banking Association, internals、external collaboration of policy financial institution, and enterprises mutual supervision supported by policy finance.