Research On The Risk Management Of Finance Company Of JX Expressway Group

As a special non-bank financial institution within enterprise groups,financial companies are generated to meet the development needs of enterprise groups in China’s economic system reform.After more than 30 years of continuous endeavor and stable development,financial companies have long grown into the driving force of financial reform and innovation,and play an increasingly important role in the financial services,strategic development,resource allocation and other aspects of enterprise groups,and occupy an extremely important position in China’s financial market.With the continuous acceleration of economic globalization and the development of the domestic financial system,the scale of enterprise groups has gradually increased,and the demand for financial services of financial companies by enterprise groups and member units has also been increasing day by day.Financial companies inevitably face various related risks.If the financial company cannot effectively deal with various risk problems,both the enterprise group and the financial company itself will be seriously affected.Because the expressway industry has scattered money led to wide risk management and loan twin lead to liquidity risk management pressure,long payback period of investment in risk management does not have the particularity of chain extension with other industry,so the expressway group finance risk management is essential to the group’s operation and development.Fortunately,I was personally involved in the preliminary preparation and operation of the JX Expressway Group Finance company,and conducted field research on the strategic positioning,organizational structure,human resources,information construction,and experience in the preparation of other financial companies in the industry.Due to the financial industry development later,financial regulatory experience is insufficient,in addition to have the characteristics of the risk of financial institutions,risk also has the characteristic of the industry,thus inevitably exist in non-performing assets ratio is higher,the problem such as low capital adequacy ratio,asset-liability ratio is high,and through the survey found,in the early years of the financial companies are also facing the same problem with the entire industry,the financial company makes some initial period is poorly run.After analysis,it was found that the reasons leading to the poor operation of these financial companies in the initial period were that they did not pay enough attention to risk management,the relevant risk management system was not perfect,and the relevant risk institutions and personnel were not set up properly.Therefore,in order to promotethe development of financial industry company,to ensure the construction at the early financial company run smoothly,the essay focuses on the initial period of our country’s financial company’s risk management,mainly through the literature to find research at home and abroad,as well as the combination of theoretical analysis and case analysis research method,combining with JX Expressway Group Finance company of risk management of the specific case,points out its problems in risk management and put forward Suggestions to cope with the situation,to other financial companies in China to provide case to the budding period of risk management,and built at the early of the future financial company and the industry as a whole development has the certain research significance.Through the analysis of the risk management case of JX Expressway Group Finance company,this paper consider that: JX Expressway Group Finance company have the credit risk management system of the finance company needs to be refined,the ability to identify market risks needs to be improved,operational risks caused by data processing problems of the information system,liquidity risk monitoring cannot be ignored.At the same time,this paper analyzes the causes of the above problems,including that the financial company is in the initial stage,the shortage of professional financial risk management personnel,the existence of information island of risk management software and other management software,and the lack of management experience of the financial company.In view of the above conclusions,this paper puts forward the following suggestions: firstly,to improve the risk management system of financial companies,not only to refine the credit risk management system,but also to improve the implementation of the risk management system;secondly,the talent management system should be optimized reasonably,while recruiting talents with financial background,the risk management skills of internal employees should also be cultivated;thirdly,it is necessary to improve the processing capacity of data informatization,strengthen the effective information connection between the risk management system and other management systems,and realize the integration and sharing of risk management information in various functional departments;finally,we should improve the liquidity risk management and monitoring mechanism,set up the liquidity risk early warning and emergency mechanism,and strengthen the real-time dynamic monitoring of the liquidity risk indicator system.The above Suggestions help JX highway group finance company improve risk management efficiency,and provide reference for similar highway group finance companies in the industry,so asto better create social benefits and serve the public.