Research On The Risks Of Financing Guarantee Projects Of X Guarantee Company

In China,small and medium-sized enterprises play an important role in the development of economy and the solution of employment problems.However,"financing difficulty" has always been a major problem for the development of small and medium-sized enterprises.Financing guarantee institutions play an important role in alleviating the financing difficulties of SMEs and promoting the development of SMEs and local economy.With the adjustment of economic structure and the slowdown of economic growth,China’s guarantee industry has fallen into a situation of continuous decline,and the guarantee projects have accumulated more risks.In this context,most of the private guarantees are closed for rectification or withdraw voluntarily,while more small and medium-sized state-owned guarantee institutions are struggling to develop.How to identify and control the risk of financing guarantee project is an urgent problem to be solved in the survival and development of financing guarantee enterprises,and it is also a hot issue of financial theory and practice,which has a very important theoretical and practical significance.As the X guarantee company of state-owned enterprises,the guarantee project involves small and medium-sized micro enterprises and "agriculture,rural areas and farmers".It has a long time to carry out business and a wide range of business,which is typical in the financing guarantee industry.As a case study,it can better reflect the common problems of the industry,but also has its own characteristics.This study mainly uses case study method,taking X guarantee company project risk as the research object.On the basis of combing the research status of project risk management at home and abroad,this study fully draws on the existing research results.By collecting,sorting out and analyzing macroeconomic data,industry information and data,the research environment is clear.A comprehensive field survey was carried out for the case enterprise.Through interviews with front-line business personnel,manual collection of business accounts,transfer and access to project materials,the detailed first-hand information of the case enterprise was mastered.By using a series of methods such as standardized analysis and case study,data analysis and field investigation,this paper makes a comprehensive analysis of the risk of X guarantee company’s guarantee project,and then analyzes the causes of the project risk of the case company in detail,and puts forward suggestions for strengthening the risk control of the guarantee project.It is found that: at present,China’s guarantee industry has entered the stage of adjustment and upgrading,and industry integration is the future development trend.In this environment,a large number of guarantee project risks are accumulated in the business development of X guarantee company: the weak development of guarantee business,the enterprise may face operational risks;the project quality needs to be improved,the risk of guarantee breach may be faced;the difficulty of compensation and recovery,the risk of loss may be faced by the enterprise in the future,etc.Further research shows that the project risk formation of X guarantee company is the result of the joint action of various factors,including external and internal reasons.The external reasons mainly come from the external business environment,including the macroeconomic downturn,the lack of a good living environment for guaranteed customers;the recession of the real economy,the increase of the probability of the insured customers’ default;the unequal status of the bank and the limited business development.The internal reasons are mainly due to the lack of professional quality of personnel and the improvement of guarantee risk control ability;the audit mechanism of guarantee project is not rigorous enough to fully reveal the risk points of the project;the traditional risk identification means cannot fully reveal the project risk;the post guarantee management is only a form,which is difficult to achieve timely and accurate risk early warning;the risk resolution and disposal method is single,and the recovery efficiency is low And so on.Based on the environment of X guarantee company and the causes of its problems,this study believes that to strengthen the risk control of guarantee projects,the measures to solve the problems should focus on the two aspects of the counterparty and the enterprise itself.For the counterparties,first of all,we should innovate the cooperation mode and expand the cooperation channels,so that the enterprises will not fall into passivity in business development.For the enterprise itself,first of all,it is necessary to strengthen internal management by improving the quality of human resources and strengthening supervision,so as to lay a good foundation for resolving project risks;second,it is necessary to take the initiative to further refine the internal management of project risks,establish big data system,build risk assessment system and risk early warning system;third,it is necessary to actively seek risk transfer,risk dispersion and The risk compensation mechanism can reduce and disperse the project risk of the guarantee company.Finally,it is necessary to promote the risk disposal ability,improve the recovery efficiency and improve the recovery effect.Only by making efforts from both sides of transaction pair and itself,and under the joint effect of gradually improving external business environment,X guarantee company’s project risk can be effectively controlled,and it can continue to develop healthily in the current complex industry situation.The conclusion of this study has a certain reference value for solving the industry related problems.