The Study Of Commercial Bank Investment Loan Linkage Mechanism Based On The Mode Of Industry Fund

In April 2016,the China Banking Regulatory Commission,the Ministry of Science and Technology,and the People's Bank of China,proposed to initiate pilot investment of loan linkages,to expedite the implementation of innovation-driven development strategies,give full play of the positive role of financial institutions,and strive to explore financial service model complianced with China's national conditions.Commercial banks are gradually beginning to explore this financing methods combined of direct and indirect,to improve the financing difficulties of SMEs.In view of the actual situation of China's economic development,as a combination of equity and creditor's financing,industry fund has been rapidly developed in recent years.Industry fund is a feasible solution for the investment and loan linkage model,which deserves further study and promotion.Based on this,this article expounds the organizational structure of investment and loan linkage,and the organizational form of industrial fund,specifi cally analyzes the basic principles of the financing method of investment and loan linkage and the basic idea of system theory,and lays a theoretical foundation for the following development.The article then makes in-depth analysis of the development status of the investment-lending linkage model in China and the three specific operating modes,combined with the analysis of successful cases abroad,to find useful reference,including the choice of companies,specific financing methods,risk control and ex it mechanisms,etc.Then,a case study was conducted to study the investment-lending linkage model,and the specific financial industry case of China Construction Bank was used to explore this innovative financial model.The article analyzes the key elements of the fund program,participants and exit mechanisms,makes in-depth analysis of the project's funds and repayment sources and financial status,focuses on the project's income and risk assessment,to explore the project's income risk matching issues.Under the risk controlled environment,using this innovative financial model achieves a win-win situation for banks and enterprises,and finds success and inadequacies in this model.Based on previous research,the article analyzes advantages of the invest ment and loan linkage and adoption of the industry fund,which are optimizing the bank structure and meeting the needs of the emerging industrial development.Using the system theory approach,based on industry fund,the article designs a work model that can be promoted.This model uses commercial banks as the actors involved in investment and loan linkage,selects appropriate target companies,and determines risk-based investment and loan linkage programs to control risk.The matching of revenue and risk will eventually complete the entire loan-to-lending process through a reasonable exit mechanism,so that credit and equity financing can be linked together rather than pure combination.Finally,the article sums up experience and put forward ideas from several aspects,which are improvement in terms of risk prevention,multi-party cooperation,mechanism system,and reasonable pricing.