Studies On The Credit Risk Case Of Affiliated Enterprises

Since China came into the era of market economy, gradually the capital market have been active, and the credit risk of affiliated enterprises is the product of market economy. In order to survive and develop, many enterprises in our country build a direct or indirect control relationship, or have great impact between each other, which called the affiliated enterprises. On the one hand, the deals between affiliated enterprises have some hidden nature. Through mutual guarantee and circulate guarantee, the affiliated enterprises get much more loans from the bank as soon as possible. Depend on the reasons of the enterprises have sound corporate structure,biggish scale of assets and nice social popularity, the banks have large loans concentrated on the affiliated enterprises. On the other hand, the information between banks and enterprises present some asymmetry, there is some difficulty in the identification of loan risk, the banks' own institutional defects and lack of coping strategies will act out when the risk break out. So it bring out some hidden trouble for the credit risk of affiliated enterprises. The tight relationships between affiliated enterprises generate that the credit risk have a type of linkage effect like “domino”,the other enterprise will be involved in once one enterprise has some problems, as a result, the risk will enlarge.Aim at the credit risk problems of affiliated enterprises, in this article we select the credit risk case of “Tianbao faction” affiliated enterprises group,this case itself has a negative effect in the society, it reflects a lot of credit risk problems,for the reasons above,this case has some reference for our study on the credit risk problems of the affiliated enterprises. Through introduce the credit risk case of “Tianbao faction” affiliated enterprises group, this article analyze the ways it takes loans from the banks, and then analyze the reasons of “Tianbao faction” credit risk case, at last will combined with the case to give out the suggestions and policies towards the credit risk problems of affiliated enterprises.