A Risk Management Study Of The Credit Guaranteed Company For The SMEs

In our country, development of guarantee industry is still in its infancy, but it already plays anirreplaceable role in solving the shortage of funds in the small and medium-sized enterprises. Guaranteedcompany for the SMEs is an industry of high risk with low return. To achieve the sustainable development,we must improve the ability of credit risk management and try to reduce the Loss of assets. With theoutbreak of the financial crisis and debt crisis, the economic growth of Chin has slowed down. And thereare many SMEs have closed down, therefore, the guarantee companies had to take the responsibility. So thedevelopment of guaranteed company is very slow for the shortage of funds.This paper is based on the economic situation in both domestic and international markets, andguaranteed company faces serious shortage of funds. It takes the risk management in the guaranteecompany for SMEs as the main lines. With the research methods of risk management, game theory and caseanalysis, the author analyzed the cause of risk and had put forward the countermeasure and suggestion forthe guarantee company. According to the research idea, the author summarizes the risks and management ofthe guaranteed company, and then gives a classification of the risks by the controllability and the form ofexpression. Secondly, the paper summarize the characteristics of the guaranteed company’s risk, and alsoanalyze the sources of risk, then put forward the general process of risk management in the guaranteedcompany. After that, the author implants the game theory and risk management knowledge to build adynamic game model of the guaranteed company and the insured enterprises, and thus reveal the reasonsfor the formation of the risk in guarantee companies. The author also analyzes the necessity of building arisk management system in guarantee companies, and designs the process risk management system andinternal risk control system, in order to build a comprehensive risk management system in guaranteecompanies. Thirdly, to achieve the purpose of combining theory and practice by list a case study of the XRGuaranteed Co., Ltd. of Henan. Finally, according to the economic situation in both domestic andinternational markets, the author put forward some suggestions to promote the steady development of theguaranteed companies, in order to help the guarantee industry of our country.