| Finance is the core of modern economy. After the reform and development in the last 20 years, great achievements have been obtained in the development of finance industry. Specifically, as the openness of financial sector has proceeded stably and China's financial institutions enter international markets and take part in international competition actively, foreign financial institutions also enter China, strengthening the competing system of domestic financial business and helping improve the modernization standard of China's finance. The setup of socialist market-oriented economy not only provides great developing space and opportunities for the financial sector, but also makes it faced with great risks. It is an eternal topic for the banking industry to prevent and dissolve the financial risk. As the globalization of the world economy deepens and the internationalization of finance intensifies, it has become a common concern for the banking sector on how to strengthen the risk management of banks.Under the current financial system of sector separation, assets of banks are mainly credit assets, accounting for more than 80% of total assets according to statistics. Thus, credit risk is one of the main risks faced by China's banks. The risk management level of China's Export and Import Bank, which is a new comer, is relatively lower than others'. The non-performing assets, especially those created before 1996, are being exposed gradually. Due to the lack of efficient risk management measures, the Bank simply raises lending conditions to avoid new bad loans, such as: heightening the scale and quality demands for assets of debtors, raising guarantee demands and so on. As a result, the phenomena of unwillingness to lend emerge so that the function for China's Export and Import Bank to help domestic enterprises to go abroad has beenweakened. In conjunction with demands by Basel Accord, the dissertation analyses theories on risk management, discusses measures to further perfect credit risk management, and provides proposals on tightening up risk management for China's Export and Import Bank.The dissertation is divided into five parts. The first part discusses about credit risk management theories generally. It also points out that credit risk refers to the probability of fluctuation of bank returns due to debtors' default. Many factors affect credit risk. It is generally accepted that credit risks may be divided into internal and external factors. In connection with Basel Accord, the divine agreement among the financial sector, the dissertation discusses about the goals, principals and strategies of credit risk management Part two discusses about the history of China's Export and Import Bank, analyses the characteristics of risk management according to the procedure of the main businesses and lending activities of China's Export and Import Bank, and further discusses about the existing conditions and problems faced by the Bank in its risk management. Thus it is proposed that the key to prevent risk for the Bank is to build internal control institution, especially the internal rating system.Part three discusses about the importance to build a new internal rating system and points out the drawbacks of the current rating system of the Bank. Some clues to further perfect the rating system are proposed in connection with the current rating practices by commercial banks and in light of the advanced experience by developed nations.Part four states that credit rating system for the customers of the Bank must be built and improved to carry out the industry and the foreign trade policies by the government, to embody the lending principal of "Treat differently and help those good and strong", and to prevent and dissolve the financial risk. The corresponding improvement measures are proposed based on the current rating system. At the same time, it is alsoexpected that the functions of risk management institutions and the construction of the society's credit system should be strengthenedPart five... |
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