Study On Credit Risk Management Of Short-term Financing Bonds In Shipping Industry

Continuously increasing scale of our country enterprise bond financing,short-term financing bonds issued a release,change the capital source of scarcity situation,short securities in the form of its cheap,fast and efficient for enterprises filled with new nutrient,become popular financing tool.From the point of shipping industry,as the "Marine silk road"in the 21st century's development with the increasingly frequent Marine shipping,China Shipbuilding Industry Association said it would broaden its sources of funding to support the development of the industry.Guo Yu Group in recent years in active short registration issued securities,short securities has become one of main channels on their funding sources.In recent years,however,ship industry short borrowing rising defaults,worthy of attention and reflection.Case the object is a representative of the shipbuilding industry company,the Guo Yu Group,the two phases,which expires in 2016 a total of 600 million yuan of short securities default,serious damage to the company's continuing operations,enterprise survival crisis.Guo Yu Group short securities default event has carried on the objective and comprehensive analysis,found that the short securities serious defects existing in the credit risk management,the enterprise has exposed serious credit risk,eventually led to Guo Yu Group events of default.Shipping industry defaults keep high-risk situation,most of the shipbuilding company,as well as Guo Yu Group,are facing serious short securities credit risk management defects,most likely credit dilemma,short securities default.Therefore,shipping industry to carry on the scientific and effective short securities credit risk management is very necessary.To identify the ship industry short securities credit risk management defect,on the basis of overall planning,established the perfect short securities credit risk management organization structure,focus on the short securities credit risk measurement,regulate the credit risk management process,gives targeted ship industry short securities credit risk management advice.The advice for the ship industry in our country,including Guo Yu Group enterprise promote short securities credit risk management level,enhance the capacity of repayment guarantee,to prevent defaults provides a good reference.