The Effectiveness Study About CPPI Strategy Releasing The Credit Risk Of Banks To Technological Enterprises

With the gradual enhancement of China’s technological innovation capability,the number and output value of high-tech enterprises in China are also increasing year by year.These high-tech enterprises are developing rapidly,playing an increasingly important role in the national economy,and making great contributions to China’s social and economic development.However,due to the unbalanced distribution of social resources and the inherent characteristics of light assets of scientific and technological enterprises,the evaluation of their value is still unclear and the development prospects are difficult to predict.Due to the deficiency of bank credit tendency and management system,the bank’s requirement for credit risk mitigation,the current credit financing mode,and the risk of credit deficiency in science and technology enterprises,the bank’s credit risk management has been restricted to a certain extent,which is the "way of money" to promote the development of science and technology industry.On the way,how to effectively mitigate the credit risk of banks has become an important issue for commercial banks at this stage.This paper focuses on the effective application of Constant Proportion Portfolio Insurance(CPPI)in bank credit risk mitigation,in order to find an effective way to control the risk of bank credit financing,and to promote the development of science and technology enterprises financing in China.In reality,insurance strategy is mostly used in the Innovation Portfolio of financial products in the investment field,including capital-preserved funds,capital-preserved income financial products,options and other investment varieties,but not applied to the field of bank credit.This paper will innovate the CPPI strategy in the use of bank credit for technology-based enterprises,in order to explore the technology-based enterprise bank credit.The effectiveness of risk mitigation is also an attempt to solve the problem of financing for technological enterprises practically and practically.The main contents of this paper include the research on the social impact and financing dilemma of technology-based enterprises,the application of CPPI model and the establishment of strategy framework,and the practical application of credit portfolio CPPI strategy.The paper further analyzes the application conditions of CPPI strategy model,including determining the guaranteeing line of bank credit portfolio model,establishing a stable risk coefficient model,and matching the risk coefficient with the risk preference of commercial banks,so as to select the optimal fixed proportion portfolio and avoid the systematic risk of portfolio as far as possible.The advantages of credit CPPI strategy are applied.In this paper,the author studies and discusses the innovative model of CPPI strategy for bank credit in China’s science and technology enterprises.The main characteristics of its practical application are as follows: drawing on the advantages of CPPI strategy-"cost-preserving characteristics".On the basis of guaranteeing the security of bank credit funds,banks select the optimal combination of objects in a fixed proportion portfolio to implement it.Scientific and technological enterprises credit,and can obtain a certain amount of excess income,in the implementation process of this innovative model,we try to be able to solve the problem of financing difficulties of scientific and technological enterprises banks,to achieve the development of high-tech industrialization of social economy in China.