The Study Of Liquidity Risk Management About Finance Company Of Enterprise Group

In the background of globalization and information,enterprise group probes how to participate in the global competition actively.Finance company is a special financial institution which emerged with the development of enterprise group.It is a non-bank financial institution with economic system and market system deepening.When the enterprise group becomes bigger and bigger,and turns into a conglomeration,it is necessary that its financial business is managed with professional and uniform policy.In thirty years of the reform and opening,our finance company focus on relying on enterprise group and serving for enterprise group,playing a big role in financing,reducing financial expenses and improving capital efficiency.Finance company becomes a new power that can not be ignored in Chinese non-bank financial institution system.Although it based on the enterprise group and carries out financial business within the enterprise group,finance company is confronted with risk management issues such as liquidity risk,credit risk,market risk.Studying how to prevent liquidity risk will provide powerful support for the sustainable development of finance company against the background of financial crisis.The thesis aims at discussing the finance company's liquidity risk, adopts qualitative analysis method,quantitative analysis method and survey method.The thesis explores entropy method and weighted factor decision table to conduct positive analysis the normal liquidity risk and fundamental liquidity risk of target finance company,to establish the appraisal index system and avoid liquidity risk to advancing competitiveness.The first part introduces the concept of finance company and liquidity risk,the causes of liquidity risk and separates the liquidity risk into normal liquidity risk and fundamental liquidity risk. The next part analyses the present situation of finance company' s liquidity risk and finds out the existing problems.Then,we evaluate the different risks.We discuss the normal liquidity risk by macro-analysis and micro-analysis.Combining the quantitative factors and qualitative factors,we establish evaluation models to estimate the finance company's fundamental liquidity risk. After establishing the appraisal index system,We study the normal liquidity risk and fundamental liquidity risk of Haier Group Finance Company.Further,the thesis sums up experience from well-rounded finance companies abroad.The last part puts forward management plans as reference for different liquidity risks in accordance with regulatory environment.We suggest building comprehensive risk control mechanism.Make clear the object of risk control.Strengthen budget management and set up emergency plan.