Analysis And Evaluation Of Risk Financing Guarantee Institutions

As we all know, it is notoriously difficult problem for SME’s financing, but the birth of the financing guarantee agencies for SMEs’financing provides a new way. The financing guarantee agencies provide the credit service for SMEs’financing by selling their own’s, especially for science and technology, cultural and creative industries and so on, which are considerable potential and promising in the market but without enough secured collateral. What’s more, the financing guarantee agencies play a pivotal role in dispersing credit risk for financial institutions. However, the risk of the guarantee agencies is inherent, so it is called "the candle industry ". Because it runs the business credit, manages the risk object and bears the responsibility of the guarantee, good risk control technology is particularly important for the long-term development of guarantee agencies. In other words, it is strengthening the risk management study of the guarantee agencies that can not only help improve the management level and promote the healthy and sustainable development of the guarantee industry, but also conducive to better achieve the original intention of the guarantee agencies to support SMEs’development and help ease the financing difficulties and guarantees difficulties predicament of SMEs’. In recent years, with the continuous improvement of the guarantee industry regulatory environment, the financing guarantee agencies have created good social and economic benefits. But by the impact of the private credit crisis, Zhejiang guarantee chain crisis and individual guarantee agency that does not regulate on the operation, most banks stopped cooperating with financing guarantee agecies, and coupled with the downturn of the whole economic environment, making the entire guarantee industry is going into the "winter". With the emergence of guarantee industry risk, the credit risk of the financing guarantee agencies themselves also continue to highlight. Therefore, how to assess and reduce the credit risk of the financing guarantee agencies is an urgent need to solve the problem of the regulatory authorities.Faced with these problems, this paper attempts to study through the following five aspects:Firstly, this paper discusses the background and significance of the research on the basis of analysis of the urgency and necessity of risk evaluation of financing guarantee agencies. Secondly, combinated with asymmetric information theory, game theory, risk transfer theory and financial regulation theory, this paper reviews the literature on risk assessment and management of the guarantee agencies at home and abroad. Thirdly, to identify the risk factors from internal and external of financing guarantee agencies.Fourthly, to establish a risk assessment model of financing guarantee agencies. The first isand then in reference to the professional credit rating agencies commonly used risk assessment indicators and based on the Delphi method, setting up a index system to evaluate the risk of financing guarantee agencies, which include the basic management strength, business operations and risk management levels and the sustainable operation ability, and adoptting D-S evidence combination evaluation models to determine the weights of the underlying index; again, according to the industry, regional economic conditions, policy, regulatory and support regional differences, combined with expert advice to optimize the main evaluation system; Finally, according to the operation compliance status in recent years to set restrictive indicators as the basis of adjusting the initial risk assessment results.Fifthly, this paper uses G-company as an example to verify the feasibility of the evaluation model.At last,while in the summary of the full text, provide the corresponding countermeasures and suggestions for the heavily weighted factors in the index system, and point out the inadequacies of the paper as well as the direction of future efforts.The innovation of this paper is that:the first is combined with the special financing guarantee industry from the status of secured credit rating to build a relatively complete set of social and economic benefits. The second is to adopt an innovative approach. In this paper, on the basis of the identification and analysis of the financing guarantee agencies risk, integrated uses the Delphi method and D-S evidence combination evaluation method to conduct a comprehensive assessment of the risk of financing guarantee agencies, and in this way provides a reference for the financing guarantee agencies to improve their own risk management level and for the banks to choose the better cooperators, as well as for regulatory authorities to create standardized supervision.