| According to China’s highway network planning,the total planned mileage of highways in China from 2013 to 2030 is approximately 461000 kilometers,of which162000 kilometers are planned for highways,accounting for 35.14% of the total planned mileage.In terms of construction progress,approximately 124000 kilometers have been completed,10000 kilometers are under construction,and approximately28000 kilometers are yet to be built.In addition,some busy transportation trunk lines need to be gradually expanded and renovated,indicating that the market demand for highway construction in the future is still strong.Since 2014,according to relevant national policies,the PPP model(a cooperation model between the government and social capital)has become the only compliant operation mode for toll road projects such as highways,aiming to fully mobilize social capital,alleviate government funding pressure,and improve the efficiency of highway project construction and operation.However,the implementation time of highway projects using PPP mode is not long,and the project investment amount is large,the construction and operation period is long,and the operation mode and contract system are complex.This makes it necessary for China Construction Bank to face new situations,solve new problems,continuously improve the credit risk management capabilities of such projects,and promote high-quality development of asset business in the credit business management process.This article takes the main idea of risk identification,risk assessment,and risk control,and selects the G30 Lianhuo Expressway Lanzhou Transit Section Expansion and Reconstruction PPP Project participated in by China Construction Bank Gansu Branch as a typical case.Firstly,the PPP project and credit business process are sorted out,and then expert scoring methods are used to identify the risk factors that affect the overall credit risk from the three stages of credit business: pre loan,in loan,and post loan.Then,the Analytic Hierarchy Process is used,Evaluate the different weights of credit risk factors in each stage,and focus on analyzing the credit risk factors with higher weights.Finally,propose targeted credit risk control measures for each stage.Through analysis and argumentation,this article proposes measures such as strictly fulfilling the pre loan due diligence regulations,strengthening the penetration review of capital compliance,and optimizing the social capital side of PPP highway projects for pre loan risks;During the loan phase,risk control is mainly strengthened through continuous attention and analysis of government financial capacity,reasonable prediction of traffic volume,and strengthening of PPP project contract review;In the post loan management stage,it is necessary to closely monitor the acquisition of project income and loan repayment status,pay attention to legal and policy changes in the highway industry and PPP field,and take timely asset preservation measures if necessary to ensure the legitimate rights and interests of the bank.In addition,to ensure the effective implementation of overall control measures,this article has formulated safeguard measures from various stages before,during,and after the loan.I hope that through the research in this article,it can provide reference and guidance for China Construction Bank Gansu Branch to participate in PPP highway project credit financing in the future,and promote the continuous improvement of credit risk management level of China Construction Bank Gansu Branch. |
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