Risk Measurement And Prevention Of Micro-loan Companies In National Equities Exchange And Quotations

Since its listing on National Equities Exchange and Quotations,micro-loan companies have been facing new challenges.On the one hand,the national policy has been tightened and the development environment of the micro-loan industry has been poor.On the other hand,economic development has great demands on small loan companies.Small,medium and micro-sized enterprises and individual industrial and commercial households are an important part of market members and have huge demand for funds.As a leading enterprise in the industry,NEEQ micro-loan companies have a broad market prospect.Doing a good job in the measurement and prevention of financial risks of micro-loan companies on the New Third Board is conducive to the development of themselves,and also provides a reference for the development of other micro-loan companies.In this thesis,exogenous factors and endogenous factors are the starting point,and the indicators that affect the financial risk of micro-loan companies on the New Third Board are divided into two categories: external and internal.From the perspective of exogenous factors,the financial risks of NEEQ micro-loan companies mainly come from three aspects: one is macro-environmental risk,which mainly includes policy changes and regional operations;the other is business risk,which mainly includes special customer groups and industry competition and limited sources of funds.From the perspective of endogenous factors,except operation risk,the financial risk of micro-loan companies on the New Third Board is affected by the non-performing loan ratio,asset impairment loss reserve ratio,capital turnover multiple,net profit growth rate,loan guarantee rate,the proportion of monetary funds and the rate of return on capital.This thesis takes 16 micro-loan companies listed on the New Third Board as the research object,collects the data of annual reports and semi-annual reports from 2016 to 2021,uses the entropy method to measure the endogenous factors,and determines the endogenous factors of each index according to the proportion and importance of the factors.The frequency of each index of exogenous factors mentioned in the public literature and micro-loan companies is counted,and the AHP analytic hierarchy process is used to finally determine the influence degree of each index under the endogenous factors and exogenous factors on the New Third Board micro-loan companies.Among the indicators,policy changes have the greatest impact on the financial risks of NEEQ micro-loan companies,followed by loan guarantee rate,non-performing loan rate,employee quality,regional operation,capital return,capital turnover multiple,special customer groups,and net profit growth ratio,asset impairment loss reserve adequacy ratio,changes in collateral value,industry competition,the proportion of monetary funds and limited sources of funds.This thesis analyzes the measures taken by the two companies,Xinyuan Micro-Loan and Xinxin Agricultural Loan how to prevent financial risks.According to the prevention experience and empirical analysis of the two micro-loan companies,this thesis summarizes five points of financial risk prevention measures for micro-loan companies on the New Third Board: Firstly,regulatory authorities should stabilize policies and strictly control regional financial risks.Secondly,micro-loan companies should strictly abide by the loan threshold and dispose of non-performing loans.Thirdly,China should promote the modernization of the financial sector and innovate financial services.Fourthly,micro-loan companies should strengthen training for employees of micro-loan companies,improve the overall quality of employees.Finally,micro-loan companies speed up the transformation of the company and strengthen cooperation with the industry.