融资性担保公司:受限的盈利模式与放松的风险控制

Financing-type Guarantee Company: Confined Profit Mode and Deregulated Risk Control

通过实地调研和案例分析发现,盈利模式的不可持续性导致某些融资性担保公司盲目追求收益而忽视风险的控制,而风险控制的缺失使其在面临风险冲击时更不可持续,这正是2011年以来融资性担保公司风险事件集中爆发的主要原因。可以通过创新融资担保方式在控制业务风险的同时提高收益;可以适当放宽融资性担保公司的资产负债业务范围以及建立风险补偿基金来支持和加强融资性担保公司的风险控制能力;加大财政支持力度,设立专项资金支持担保体系建设,各级政府应多渠道筹措资金,建立风险补偿基金和扶持基金等措施在控制风险的同时提高盈利能力,促进融资性担保公司的可持续健康发展。

Field research and case study show that the unsustainable profit mode results in blind pursuit of profit and then neglect of risk control in guarantee company,and which in turn leads to further unsustainable development of guarantee company once hit by risk shocks.This is the main reason of the widespread risk emergencies of guarantee companies began in 2011.This paper explores the measures to innovate financing guarantee modes that can increase risk control ability and profit at the same time;to increase risk control by enlarging assets and liabilities scopes and setting up risk compensation funds;to set up special fund to support the establishment of guarantee system through more input from public finance;to set up supporttive fund etc so as to promote its sustainable and healthy development.