| China’s guarantee industry started late and is still an emerging industry compared with developed countries.With the introduction of national guarantee industry policies,guarantee companies are gradually increasing,the guarantee industry is developing rapidly,and the demand for guarantee services is becoming stronger and stronger.However,with the continuous expansion of the company’s guarantee business,the guarantee company also bears huge risks while developing,and its compensation rate is also increasing.Facing the fierce market competition,how to better control the risk of guarantee business has become the key.Based on the in-depth investigation of the guarantee project of the guarantee company,this paper uses the method of "dissecting the sparrow" to analyze several typical cases that ZX Financing Guarantee Co.,Ltd.has exposed risks from financial and non-financial perspectives.Although ZX Financing Guarantee Co.,Ltd.has a relatively perfect risk control mechanism and has carried out effective risk control in the process of carrying out guarantee business,there are still risk exposure events due to the information asymmetry between the guarantee and the guaranteed parties.ZX Financing Guarantee Co.,Ltd.has a wide geographical distribution of guaranteed projects,complex industrial structure,many service enterprises and large guarantee amount,which makes the company always face many risks such as internal control,ethics,business operation and market.In particular,the development of batch guarantee business and a large number of guarantees for small and micro enterprises in recent years have further increased the risks faced by the company.The main reasons are loopholes in the internal control mechanism,weak supervision,weak awareness of risk prevention,lack of professional talents,imperfect guarantee audit system and so on.Therefore,the company must strengthen risk management and control,improve the supervision system,strengthen internal management,and ensure that the risk assessment of the project under guarantee is sufficient,the risk point diagnosis is accurate,and the risk management and control is timely,so as to minimize the risk.This study analyzes the risks and causes of the guarantee business of ZX Financing Guarantee Co.,Ltd.,and puts forward some strengthening measures to reduce the guarantee business,which has distinct industry characteristics.It can not only provide reference for the better development of ZX Financing Guarantee Co.,Ltd.,but also have certain reference significance for other companies in the same guarantee industry. |
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