Research On Loan Pricing Of ZJ Group Finance Limited Company Under The Background Of Interest Rate Marketization

In July 20,2013,Central Banks abolished the loan interest rate 0.7 times the lower limit,and the lending interest rate was completely deregulated.In October 2015,Central Bank announced the cancel lation of the upper limit of deposit interest rate,marking the completion of interest rate marketization.Under the background of interest rate marketization,Enterprise Group Finance Co.,Ltd.(hereinafter referred to as financial company),participated in market activities more;commercial banks and other financial institutions competed with other financial institutions,which had brought great challenges to the financial companies.Under fierce competition environment,financial companies had to perfect the loan pricing mechanism based on their own characteristics to achieve strength improvement.This paper studies the loan pricing of ZJ Group Finance Co.,Ltd.(hereinafter referred to as ZJ Finance Company)under the background of interest rate marketization through the combination of theoretical carding and field research.Through consulting the data,we can make clear the differences between financial companies and other financial institutions,then understand the current situation of loan pricing in financial companies.Through field research,I went into ZJ Financial Company to find out the problem of loan pricing.In the process of designing the scheme,drawing on the experience of commercial bank pricing and combining the actual situation of ZJ Finance Company,a scientific and reasonable loan pricing mechanism suitable for itself is constructed,that is,on the basis of cost addition,it introduces the model of capital transfer price(FTP pricing),and adjusts it with differentiation.At the same time,in order to ensure the smooth progress of the loan pricing mechanism,this paper also perfects the management problems of the related system development,construction,risk,performance,budget and so on.Through the establishment of ZJ Finance Company's loan pricing mechanism and the solution of related problems,its competitiveness is improved.Due to the late start of financial companies in China,there are relatively few achievements in loan pricing research.Based on the experience of commercial banks and the characteristics of financial companies,funds transfer pricing is introduced into the pricing mechanism of ZJ Financial Fompany.Through the construction of the loan pricing mechanism of ZJ Financial Company,it provides some ideas for other financial companies,and also provides reference for the financial companies that have the ideas to reform but have no methods and practical experience.In the wave of interest rate marketization,it is the general trend to realize the independent pricing of the financial companies.The realization of the interest rate marketization of the financial companies will certainly promote the deepening of the reform and improvement of the financial market in China.