Analysis And Defending Of The Risk In Non-Bank Financial Institutes During The Transitional Period

As an objective economic phenomena that happens in every marketing system, risk is inevitable. Financial risk is the top manifestation of contemporary economic risks. Carl. Marx firstly presented the deep theoretical exposition to financial risk in his doctrine of capitalism economic crisis. He held the financial crisis to be practically the concentrated indication of financial risks, and the inevitable result caused by the intrinsic contradictory of capitalism. The knowledge on contemporary financial risk have been deepened gradually by the series theoretical research results, such as the weakness of financial system, the intrinsic weakness of financial institution and the intrinsic fluctuation of financial assets price, presented by the capitalist economist. Credit risk, liquidity risk and foreign exchange risk are the most common manifestation of financial risks in the contemporary marketing system.As a result of the financial system reform and finance deepening , Chinese non-bank financial institution have been played the special roles in the micro-base construction of financial system. However, heavy risks of system and "track-converting" happened rightly at it's appearance have been existing in the non-bank financial institution because they came from the multi-negotiations among the local governments, administrative departments and state-owned enterprises to a much extent under the condition of insufficient economy, of these are the risk of system-disordering, risk of duplicate foundation and risk of governmental control, and else, the non-bank financial institution are facing another two risks which also have apparently the characters of track-converting economy, one comes from external capital market, mainly from the inadequate governmental interference and false information, the other comes from enterprise internal administrative structure, mainly from risk resulted from the fault of enterprise internal administrative mechanism and the lack of external administrative mechanism.It's a long way to finish the economic system conversion, and the important task is to avoid and extinguish the risk of non-bank financial institution in the course of reform and financial deepening, so we ought to make focus study to follow question and wish to add to the risk-avoiding theory and strengthen the risk-avoiding measures. Firstly, to discuss the risk-avoiding measure of non-bank financial institution according to the characters of assets liability structure and managing patterns, rather than duplicating the methods of Commercial banks. Secondly, China will strengthen the touch with international economy and join the international specialization after its entrance to WTO. So we must study how to avoid the financial risk Under the condition of globally economic integration (include financial liberation and computer webs integration. Thirdly, the relation between risk-avoiding and system-avoiding and finance development must be correctly arranged. Finally Security,trust and lease consist of the major part of China's non-bank financial institution, Presently, the first task is to perform the construction of internal controlling system.