Research On Credit Risk Control Of The Ship Under Construction Mortgage Project

In recent years, especially after China's accession to the WTO, Our financial market is opening up and the paces of reform accelerate greatly. As an important member of the financial industry---the banking industry, its business environment is increasingly international and complex, so the inter-bank is becoming more competitive. Now the common problem for every bank is how to find room for development and how to improve their competitiveness. Shipping industry is one of a comprehensive leading industry in the modern industrial era, it is a microcosm of modern large-scale industries, and it has important relationship with national security and national economic development, possessing a high degree of industrial linkage, good economic returns and so on. The issue that how the banking industry find operational opportunities in the shipping industry to further improve its return and control the financing risk effectively is always considered. With the recent development of China's shipbuilding industry and the increase of orders of ship business, shipping enterprises, especially local enterprises, generally fall into dilemma of difficult secured financing and the emergence of ship under construction mortgage model solute this problem effectively. But because of this model is not sophisticated, banks are facing a lot of credit risk, how to control such risks effectively, which is discussed in detail in this article.This paper considers the characteristics of the ship under construction mortgage project, setting up a credit risk indicator system and giving a score standards. Moreover, it combines the fuzzy math theory and Analytic Hierarchy Process to set up a fuzzy comprehensive evaluation model on credit risk decision-making, which is an effective solution to the less quantitative factors in credit risk decision-making, uncertainties and other questions. The model of "ambiguity" quantifies qualitative indicators, carries out to quantitative decision-making, and reduces the blindness of the decision-making.Finally, with a combination of the actual situation of a shipyard, the index system and evaluation model can be tested, results showed that the index system and evaluation model can be more comprehensive and integrated to reflect the problem to be solved, which provides a scientific decision-making for the bank on credit risk control of the ship under construction mortgage project.