Empirical Study On Risk Management Of Packaged Loan Projects In Small Credit Enterprises

With the rapid development of China's economy,the financial industry plays a vital role.At the same time,due to the imperfect supervision and preventive measures,there are greater risks in financial investment.For any investor in any industry,regardless of the size of the return,the first thing to be guaranteed is that the safe recovery of their own capital is the most important part of the investment,followed by the amount of profit,and the financial industry is no exception.Packing loan business is based on import and export trade activities,using forward letter of credit as a settlement tool to provide short-term financing tools for exporters.In order to support exporters to fulfill contracts on time and deliver goods,special loans are provided to exporters receiving qualified letters of credit for the purchase,production and shipment of goods under letters of credit.Traditional packaged loans are generally carried out in banking financial institutions.With the rise of Internet Finance and supply chain finance,private financial loan companies with relatively strong capital strength have begun to infiltrate into the packaged loan business.However,due to the lack of experience of private financial institutions in carrying out such traditional financial institutions,there is no comprehensive assessment and avoidance of the risks involved in the process of packaged loans.Only on the basis of existing experience,combined with the experience of bank financial institutions in carrying out packaged loans,can we carry out the packaged loans business of small loan companies.This paper takes M small loan company as the research object,combines the related research theories of predecessors on risk management of M small loan company,through the research on the present situation of risk management of M small loan company,finds out the existing risk management problems of M small loan company,and then makes further analysis on the existing problems of risk management of M small loan company,puts forward how to rationally improvethe risk management of M small loan company,and studies the current situation of risk management of M small loan company.Some feasible suggestions are put forward to improve the risk management of small loan companies.At the same time,combined with the actual package loan project encountered by M Small Credit Company,empirical analysis is carried out.The exchange rate risk and credit risk in the process of loan are measured by VaR model and KMV model respectively.It is found that the four methods of historical simulation,Monte Carlo simulation,SMA-t and GARCH(1,1)-t in VaR model have good statistical test effect.The results are calculated by different models.The relative estimate of VaR,M small loan company can synthetically refer to the risk level estimated by these different methods,and provide some objective reference for whether to grant the package loan or not.The empirical results of KMV model show that when the financing period of packaged loans expires,the possibility of default in theory can be obtained,which can also provide some reference for the credit evaluation of the financiers.Risk control of financial investment projects has become a necessary skill for all financial practitioners.In the development of packaged loan business,it is particularly important to study the risk of packaged loan projects.On the other hand,small loan companies carry out packaged loan business,which fills the shortcomings of traditional banking financial institutions with high efficiency and low threshold.It plays an important role in solving the problem of lack of funds for enterprises to finance capital,organize production and promote social and economic growth.Through the research,it is found that M small loan company,as a new type of financial industry,has a high level of risk.The means of risk prevention and control can be achieved by optimizing the management strategy and strengthening the internal system construction,especially by controlling the quality of customers and doing a good job of related management before and after lending.This paper has important theoretical and practical significance by studying the risk management of M small loan company's packaged loan business.(1)Theoretical significance: Risk management of any financial project is the core issue of business development.On the basis of packaging loan business carried out by traditional banking financial institutions,this paper studies the packaging loan business of small loan companies.On the one hand,it enriches themain body of business development and expands the scope of research.On the other hand,it develops the packaging loan business through small loan companies.Risk management can break through the limitations of traditional banking financial institutions in these aspects.Small loan companies can use more Internet financial thinking to innovate risk management,thus enriching the theoretical basis of risk management.(2)Practical significance: The financial industry's risk control ability will determine the financial industry's investment stability and even the success or failure of investment,so risk management will become the core competitiveness of the future financial industry.Strengthening the risk management of investment projects in the financial industry and establishing and improving the risk management system are the top priorities for the development of the financial industry.Through the study of M small loan company's packaged loan business,this paper can enhance the ability of small loan companies to resist risks when they carry out business.On the other hand,because of the openness of Internet finance,small loan companies can carry out traditional loan financing business for supervision.Regulators provide more transparent regulatory channels,which in turn promotes small loan companies to carry out more business compliance,thus promoting the healthy development of China's small loan industry.