房地产信托风险管理研究

发布时间：2018-01-06 16:15

本文关键词：房地产信托风险管理研究　出处：《首都经济贸易大学》2014年硕士论文　论文类型：学位论文

【摘要】：风险管理始终是金融业发展过程中永恒主题。信托行业属于高风险行业，我国信托行业进入快速发展时期，日趋增多的金融创新业务及金融混业经营的趋势，对信托公司在风险管理方面提出了更高的要求。随着信托业务对社会经济的不断渗透，横跨货币市场、资本市场和产业市场的信托行业在中国经济社会中的地位和作用愈来愈重要。信托公司风险作为金融管理风险的重要组成部分，对我国经济安全具有重大影响。因此研究和探讨信托公司风险管理机制优化问题具有重要的理论与现实意义。房地产信托是信托业务重要组成部分，，也是房地产企业重要融资渠道与信托业利润重要来源，对房地产业的发展起到积极作用，具有社会理财、为房地产业融通资金与投融资服务功能。现实表明，房地产信托发展具有显著地逆经济周期特征，其根本原因在于信托业在我国金融行业中一直处于从属地位，以及所具有的灵活性。同时也应当看到，在房地产业快速发展的同时，房地产信托存在的风险也越来越明显，2012年以来其兑付风险逐步受到关注。目前引发信托行业区域性、系统性风险的可能性不大，但如何有效防范和化解信托业务风险仍是信托行业值得认真思考和研究解决的重大课题。风险管理是信托公司的核心竞争力之一，风险管理机制是与风险管理一样重要的基本工具。建立信托风险管理机制可以有效防止信托风险在金融系统扩散，保证金融系统稳定性。目前信托实务中大都采取了多样化的风险管理机制，根据不同的产品有不同的风险控制与管理措施，虽然可以起到一定的作用，但是难以从根本上起到管理风险的目的。目前迫切需要对现有房地产信托风险管理机制进行改进，构建更为全面有效的风险管理机制。本文首先阐述房地产信托基本概念、运作模式特征以及我国房地产信托发展现状与存在主要风险及成因；然后以M信托公司为例，运用层次分析法与模糊综合评价法分析房地产信托风险影响因素；最后根据现实情况并借鉴其他行业经验，分别从加强信托公司风险内部控制、强化信托公司风险外部监管与建立风险化解与缓冲机制等三个方面阐述房地产信托风险管理机制优化对策。
[Abstract]:Risk management has always been the eternal theme in the development of the financial industry. Trust industry is a high-risk industry, China's trust industry has entered a period of rapid development, the increasing number of financial innovation business and the trend of financial mixed operation. Put forward higher requirements to trust companies in risk management. As trust business continues to infiltrate the social economy, across the money market. The trust industry of capital market and industry market plays an increasingly important role in Chinese economy and society. Trust company risk is an important part of financial management risk. Therefore, it is of great theoretical and practical significance to study and discuss the optimization of risk management mechanism of trust companies. Real estate trust is an important part of trust business and also an important source of financing channels and trust profits for real estate enterprises. It plays an active role in the development of the real estate industry and has social financial management. The reality shows that the development of real estate trust has the characteristic of reverse economic cycle, the fundamental reason is that the trust industry has been in a subordinate position in the financial industry of our country. And the flexibility. At the same time, we should also see that in the rapid development of the real estate industry, the risk of real estate trust is becoming more and more obvious. Since 2012, the risk of payment has been paid more and more attention. At present, the trust industry is regional, and the possibility of systemic risk is low. However, how to effectively prevent and resolve trust business risks is still a major issue worthy of serious consideration and research in trust industry. Risk management is one of the core competitiveness of trust companies, and risk management mechanism is as important as risk management. The establishment of trust risk management mechanism can effectively prevent trust risk from spreading in the financial system. To ensure the stability of the financial system. At present, most of the trust practice has adopted a variety of risk management mechanisms, according to different products have different risk control and management measures, although it can play a certain role. However, it is difficult to manage the risk fundamentally. At present, there is an urgent need to improve the existing risk management mechanism of real estate trust and build a more comprehensive and effective risk management mechanism. In this paper, the basic concept of real estate trust, the characteristics of operation mode, the current situation of real estate trust development in China and the main risks and causes are described. Then take M trust company as an example, using AHP and fuzzy comprehensive evaluation method to analyze the risk factors of real estate trust; Finally, according to the actual situation and learn from other industry experience, from strengthening the trust company risk internal control. Strengthening the external supervision of the risk of the trust company and establishing the risk resolution and buffer mechanism are three aspects to elaborate the optimization countermeasures of the risk management mechanism of the real estate trust.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.23;F832.49

【引证文献】