Research On Risk Management Of Financing Guarantee Business Of HF Guarantee Company

Small and micro enterprises play an important role in maintaining social stability,creating high-quality development growth and promoting technological innovation and local economic development.However,in recent years,under the great influence of the slowdown of the national economic growth,the issue of "financing difficulties" for small and micro enterprises gradually becomes an increasingly prominent.Financing guarantee agencies,the emergence of this enterprise external guarantee and credit enhancement platform can help small and micro-enterprises increase their corporate credit.For banks,it can help them to bear more credit risk,which can provide a steady flow of funds for the development of small and micro-enterprises.Chinese guarantee industry develops very lately,still belongs to an ascent industry,the relevant management system is not perfect.In recent years,with the development of economy and the support of financial policies,a large number of guarantee agencies have emerged and the guarantee industry has made unprecedented strides.Risk is usually hidden behind prosperity,especially for state-owned financial guarantee companies that have the dual goals of preserving and increasing the value of state-owned assets and supporting the development of local small and micro-enterprises.How to coordinate two contradictions while controlling their own risks is another problem.Under the latest situation,the government and society has also put forward new requirements on the guarantee industry:the development of inclusive finance and the promotion of capital flows,especially the small and micro-sized enterprises and the financing difficulties of financing for agriculture,rural areas and farmers.Facing the fierce competition,financing security agencies has great social responsibility.Under the circumstances,its own risk management issues seems much important.HF guarantee company selected in this paper is a large-scale state-owned financing guarantee company in Anhui Province.It mainly focuses on the policy financing guarantee business and takes into account commercial financing guarantee business.Based on the domestic and international financing guarantee and risk management theory of credit industry,the article mainly focuses on the risk management of financing guarantee company according to the specific conditions of HF guarantee company.The full text is divided into three parts.The first part simply introduces the background of HF guarantee company business and internal control present situation.Based on the first part,the second part introduces the company's business characteristics,its financial structure and internal control analysis.It analyses from three aspects:the HF guarantees the main risk to the company,find out the corresponding source of risk.The third part analyzes the various risk sources and puts forward corresponding risk management countermeasures.The innovation of this article lies in the innovation of the research conclusion:The HF guarantee company selected in this article is a large state-owned guarantee company in Anhui Province.Because its equity ratio and return on net assets are at a relatively low level in the same industry,the financial risks it faces are different from those of general guarantee companies.It is not the risk of failing to repay principal and interest on time,but rather the risk of investors' earnings falling.Therefore,HF guarantee company should appropriately increase guarantee magnification at the same time as reducing business risks,which is somewhat different from the research conclusion that most commercial guarantee company risk management should reduce guarantee magnification to enhance solvency.In addition,the existing studies on the risk management of guarantee companies at home and abroad are mostly focused on the specific business operation level,and there is less research on the company level.This paper explores the underlying causes of the risks of the guarantee business at the company level and gives corresponding countermeasures and suggestions.There is a certain degree of innovation in the research perspective.