The Research On Risk Management Of Bad Assets Disposal Of State-Owned Asset Management Companies

Because of thistorical and realistic China’s financial bad assets proportion has long been high. After the Asian financial crisis, countries to make a established four state-owned asset management company’s strategic decision. Since the state-owned asset management since its establishment, defuse financial risks is one of its historical mission, in a sense, state-owned asset management companies is "business risk" of the financial institutions, can take risks, can properly control and risk management, the management of state-owned assets will determine the company’s business success or failure. In the domestic financial bad assets disposal study, the main focus on the bad assets cause analysis, state-owned asset management companies, the mode of operation of the debt-to-equity research etc., few people study to "business risk" in terms of financial institutions is the most important risk management. The author as state-owned assets management company’s employees, think that the state-owned asset management companies of bad assets disposal risk identification, evaluation and control, and gives the reasonable Suggestions and countermeasures, the related employees are very necessary, and at the same time, the state-owned asset management company’s stable operation and healthy development and promote national economic development and prosperity has important strategic significance.Based on state-owned assets management company as the research object, the first described China’s financial bad assets of the background and basic situation, analyses the present situation of financial non-performing assets disposal and financial bad assets disposal risk management related close theory; Secondly with the application of proactive type and reaction type recognition methods, and identify financial bad assets disposal face operation risk, the moral risk, market risk, information asymmetry, credit risk, legal risk, policy risk and asset disposal way their own risks, and based on this, the risk evaluation; At last, it puts forward the countermeasures and Suggestions of preventing risks. This paper is divided into seven chapters, the first chapter, mainly to financial bad assets disposal risk research background, research purpose, research significance and research content are given; The second chapter, through to the financial bad assets and risk management concept is summarized in this paper, and then the disposal of related theory of research both at home and abroad was summarized; The third chapter, the use of financial non-performing assets disposal risk recognition methods, and identify financial bad assets disposal risk types; The fourth chapter for identified risk evaluation; The fifth chapter, case study, through the analysis of specific cases of financial non-performing assets disposal study risk, this paper puts forward the enlightenment of the case; The sixth chapter, the risk management measures and Suggestions, mainly from introducing other capital, step by step implementation of the asset securitization, the diversification of bad assets disposal mode, optimizing the bad assets pricing system, standard of bad assets disposal process and strengthen after monitoring system and puts forward some countermeasures to improve bad asset disposal of financial risk management countermeasures; The seventh chapter is conclusion and the deficiency.This paper can be of state-owned assets disposal of company financial bad assets decision provide a basis reference, Other domestic institutional investors to carry on the financial bad assets investment also to have the certain reference significance.