Research On The Risks And Countermeasures Of Infrastructure Trust

Nowadays, the trust industry has been rapidly developed, becomingthe second pillar industries in China. At the same time, an importantproduct of the trust industry is China’s infrastructure industry financingtrust. The number of China’s trust companies is increasing on a growingscale, in which the infrastructure project financing products accounted forabout20%. experiencing rapid development in recent years. Meanwhile,it brings more and more problems, especially in the risk managementareas. These problems will affect the healthy development of the trustcompany, also the steady increasing of infrastructure construction inChina.This paper mainly uses the COSO internal control framework toanalyze the issues in risk management of SATC’s infrastructure projectsfrom five aspects: the internal control environment, risk assessment,control activities, information and communication, supervision. The mainrisk points including low registered capital, simple business filed and risk management, no credit rating process or five-grade classification systemand examination or revaluation for mortgage after the loan, theoperational risk in the process of the project, less communication amongdifferent departments and incomplete of information management system,and the lack of independence of the audit committee. Then the article putsforward the a few solutions according to the problems, which includesoptimization the organizational structure, business innovation by risktransfer and risk dispersion, strengthen risk control, introducing the creditrating and the five-grade classification system, reduce the operation risk,standardized infrastructure trust business process and project IT process,ensure the independence of internal audit. Meanwhile, the specificmeasures for implementation are described: cultivating the consciousnessof risk management, promoting the information construction, payingattention to risk management personnel training, improving the internalcontrol system, establishing trust project early warning mechanism. Inthis paper, we use the COSO internal control framework to put forward aset of trust financing risk management measures: the project capital pool,trust certificates securitization, setting up five grade classification of earlywarning mechanism, innovation measures for further development ofinfrastructure to provide some ideas and reference to the infrastructurefinancing business of SATC, which has certain realistic significance.