Study On Risk Management Of Private Bonds In Gansu Equity Exchange Center

Since its establishment in December 16,2013,Gansu equity trading center has more than 700 million Limited by Share Ltd by providing financial support for its own Internet banking platform "Xing Long Bao" in the form of private debt financing for small and medium-sized enterprises,financing reached the same market relatively advanced level.The introduction of regional equity market private debt financing,the development of small and medium-sized enterprises to solve the long-term problems of financing,fewer channels provides solutions to the new path,China's bond market is a major innovation,enrich the system of China's capital market,to fit the construction of multi-level capital market demand is of great significance.Because of the small and medium-sized enterprises private debt and more flexible operation,set the access threshold,low issuance requirements to simplify issuance procedures,convenient operation,and the yield is much higher than the other varieties of bonds,so the launch at the beginning immediately by the vast number of investors to panic buying,but with the increase in the number of time and distribution,high signal inherent the varieties of bonds with risk characteristics become increasingly apparent,attitude of panic buying investors early,gradually turned into a wait-and-see attitude,careful review of all the inherent risk.Since the introduction of private debt is a short time,the study of risk control and management is still in the initial stage of exploration.Try to make a deep analysis of the credit risk control problem of SME private debt,both for the establishment and perfect of private debt promotion or multi-level bond market,should have positive significance.In this paper the status quo of Gansu equity trading center SME private debt risk management and the existing problems as the research object,analyzes the basic characteristics of the main practice of private debt issuance in Gansu equity trading center platform and management of private debt risk,consider the current situation of management mainly exist issue preliminary research is not thorough,a mere formality;not in place of private equity the subsequent debt management monitoring issue,risk warning is not sufficient;the lack of security management,supplement the repayment ability is insufficient;lack of accountability management system,affect the compliance management efficiency;and professional knowledge and skills can not adapt to the fast changing situation need to issue bonds and other issues,finally obtains the SME private debt risk strategy should optimize system construction,process reengineering,investor education,risk risk control system establishment,innovation risk supervision mode of heavy Point to strengthen,and through Armin private debt as a case,the implementation of the optimization strategy for the evaluation of the expected effect.Private debt risk management system of small and medium-sizedenterprises to establish the effective prevention,avoid and resolve private debt risks,truly play the role of small and medium-sized enterprises through private bond financing for small and medium-sized enterprise development.