Research On Credit Risk Management Of C Fund Company Bonds

China's deepening marketization and sustainable development require a matching bond market.Since 1981,China has started to issue government bonds.The bond market has gradually established and the scale of financing has gradually increased.However,the outbreak of defaulted bonds in China reached an unprecedented level in 2018.Under the tone of the regulatory authorities actively promoting the targeted expansion of the bond market and building a new pattern of financial supervision,financial institutions have effectively identified the credit risk of bonds and proactively prevented,Identifying,managing and responding is a powerful protection weight in China's bond market.This article takes the C fund management company as the research object,briefly describes the company's current situation of slow growth in internal assets,fierce external competition,but opportunities and challenges coexist,and concludes that after the introduction of the new policy of asset management,the company's further development strategy: bonds Credit risk management.The company's problems can be summarized as:high employee resignation rate,the simple credit risk management tool,and the unreasonable management regulations.Behind these problems,it reflects the company's shortcomings in strategic goals,salary assessment,system management,etc.Based on the comprehensive risk management that have become popular internationally in recent years,this article addresses these weaknesses of the company by clarifying the company's operating goals and compliance them,applying the Z-score model,combining financial indicator analysis,etc.Improve the credit risk early-warning system through analysis and analysis of the possibility of financial fraud;improve the company's internal credit rating system,updating the credit score table,and revising performance appraisal.At the same time,it also summarized the mechanism after the credit event,protected investor rights,and promoted assets.The article provides a reference for the industry's credit risk management.