Research On Loan Risk Control Of Local Government Financing Platform Of Commercial Banks

Since 2008,in order to cope with the international financial crisis,China has timely adjusted its macro-policy orientation,implemented active fiscal policy and moderately loose monetary policy.Under the guidance of macro-policy,the local government financing platform has developed rapidly,and the loan of the local government financing platform of commercial banks has increased rapidly.Especially in the past two years,the local government debt problem has become more and more serious.Based on the above,this paper studies the risk control of local government financing platform loan from the perspective of commercial banks,which is conducive to improving the risk prevention and control awareness of relevant units.Therefore,this study has practical significance.This topic mainly studies the loan risk of commercial banks' local government financing platform.Firstly,using the concept of credit risk of commercial banks and the related concepts and theories of risk control of commercial banks,combining with the characteristics of local financing platform loans,this paper makes a comprehensive analysis of the current situation of loan risk of local government financing platform of commercial banks,from the characteristics of local government financing platform,the debts of local governments,and the state administration.In terms of policy changes,this paper analyses the risk factors of platform loan,and analyses in detail the risk causes of platform loan and risk,such as security legal risk,national policy risk,local government debt risk,information asymmetry risk,financing platform risk,loan concentration risk and risk caused by bank's own irregularities.Secondly,we measure the credit risk of local financing platforms.In the aspect of credit risk measurement of loans,the qualitative analysis method is generally used to analyze the risks at present,and the subjectivity is strong.This paper innovatively uses Gredit Metrics model to measure the loan risk of local financing platforms quantitatively,and verifies GreditM.Etrics model can be used to measure the loan risk of local financing platforms,and at the same time,it can clearly measure the loan risk of sample local financing platforms.Based on the model,it can exemplify and analyze the risk of individual assets and joint venture assets based on the model,and provide data for commercial banks to control the risk of government financing platforms loans.Supporting and practicing countermeasures will play a guiding role in identifying,measuring and controlling the loan risk of commercial banks' intervention in local government financing platform in the future.Finally,based on the theory and empirical analysis of credit risk control of commercial banks,this paper puts forward specific countermeasures for the risk control of local financing platform loans of commercial banks: risk prevention of new loans,strengthening cooperation among banks,and establishing market-oriented platform company credit relationship.