The Study Of Evaluating And Sharing Of Structured Risk Of Urban Development Company

With the fast development of city infrastructure construction, a kind of risk has appeared which is called structured risk. The structured risk is caused by the mismatch of multiple financing and multiple investment. To find out the way to establish a riskmonitoring and sharing system,that could guide urban development company, make sense to national and regional economy. Because of this, the thesis carried out the research on the following aspects.(1) Analysis the theoretical basis of risk management and city infrastructure construction systematically. First analysis the basic model of urban development company and the history of our urban development company. Then we analysis the asset character of urban investment company. At last we draw forth the financing and investment risk of the urban investment company.(2) This thesis analysis the reasons which cause the structural risk and find the transmission mechanism of the risk. Aiming at the credit transfer problem we use Credit Metrics model to evaluate the structural risk. The result shows that there is structural risk in urban investment company, although the risk is not obvious in short time, it is very dangerous when the capital chain is destroyed, and the debt of the company will be defaulted.(3) This thesis use fuzzy linear programming model to share the structural risk.The result shows that the optimal solution of the model can decrease the structural risk to the common level and guarantee the earnings of the company at the same time.