政府平台融资对政信集合信托产品的风险影响
发布时间：2019-06-01 07:30
【摘要】：伴随着我国金融行业的持续发展，信托这一重要的金融细分行业近年也有了高速发展。成百上千的信托产品在市场中出现并流动，大量的信托产品风险管理工作，既对信托公司的风险控制部门提出新的要求，也对监管部门也提出了很大挑战。 由于地方政府融资，近年银行受到银监会的窗口指导控制风险，而我国信托机构灵活，，地方政府转向信托公司借款，市场上大量涌现以地方政府平台应收账款为基础债权资产的政信集合信托产品。由于地方政府融资时间长、还款依赖土地收入等特点，使得投资人对于政信集合信托产品风险产生忧虑，一定程度上激发了对政信集合信托产品风险控制的思考。 本文通过搜集整理最新数据，对国内信托行业发展情况作深入分析，并对现有国内地方政府融资的信托产品的成因、分类、风险特点做相应分析；同时，着眼于地方政府的融资、行业自身发展需求，对政信合作集合信托的风险控制提出一些建设性的控制思考与操作方案。希望在发展信托业务的基础上，合理降低集合产品发生风险的概率。 本文应用一般性的研究方法，包括系统性行业分析、案例实证分析、理论定性分析和数量分析等，总结提出了地方政府融资平台集合信托产品的风险特征，以及实际操作中如何控制政信集合信托产品的风险；探讨在可能对普通投资人造成损失情况下，信托公司对于地方政府融资平台追偿贷款的可行措施。
[Abstract]:With the sustainable development of China's financial industry, trust, an important financial subdivision industry, has also developed rapidly in recent years. Hundreds of trust products appear and flow in the market. A large number of trust product risk management work not only puts forward new requirements for the risk control departments of trust companies, but also poses great challenges to the regulatory authorities. As a result of local government financing, banks have been guided by the CBRC to control risks in recent years, while trust institutions in China are flexible and local governments have turned to trust companies to borrow. A large number of political trust products based on local government platform accounts receivable have emerged in the market. Because of the long financing time of local government and the dependence of land income on repayment, investors are worried about the risk of political trust products, and to a certain extent, stimulate the thinking on the risk control of political trust products. By collecting and sorting out the latest data, this paper makes an in-depth analysis of the development of the domestic trust industry, and makes a corresponding analysis of the causes, classification and risk characteristics of the trust products financed by the local government in China. At the same time, focusing on the financing of the local government and the development needs of the industry itself, this paper puts forward some constructive control thinking and operation schemes for the risk control of the trust. It is hoped that on the basis of developing trust business, the probability of risk of collective products will be reduced reasonably. Based on the general research methods, including systematic industry analysis, case empirical analysis, theoretical qualitative analysis and quantitative analysis, this paper summarizes and puts forward the risk characteristics of local government financing platform collective trust products. And how to control the risk of political trust collection trust products in practice; This paper probes into the feasible measures for the trust company to recover the loan from the local government financing platform under the condition that it may cause losses to the ordinary investors.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.49
本文编号：2490093
[Abstract]:With the sustainable development of China's financial industry, trust, an important financial subdivision industry, has also developed rapidly in recent years. Hundreds of trust products appear and flow in the market. A large number of trust product risk management work not only puts forward new requirements for the risk control departments of trust companies, but also poses great challenges to the regulatory authorities. As a result of local government financing, banks have been guided by the CBRC to control risks in recent years, while trust institutions in China are flexible and local governments have turned to trust companies to borrow. A large number of political trust products based on local government platform accounts receivable have emerged in the market. Because of the long financing time of local government and the dependence of land income on repayment, investors are worried about the risk of political trust products, and to a certain extent, stimulate the thinking on the risk control of political trust products. By collecting and sorting out the latest data, this paper makes an in-depth analysis of the development of the domestic trust industry, and makes a corresponding analysis of the causes, classification and risk characteristics of the trust products financed by the local government in China. At the same time, focusing on the financing of the local government and the development needs of the industry itself, this paper puts forward some constructive control thinking and operation schemes for the risk control of the trust. It is hoped that on the basis of developing trust business, the probability of risk of collective products will be reduced reasonably. Based on the general research methods, including systematic industry analysis, case empirical analysis, theoretical qualitative analysis and quantitative analysis, this paper summarizes and puts forward the risk characteristics of local government financing platform collective trust products. And how to control the risk of political trust collection trust products in practice; This paper probes into the feasible measures for the trust company to recover the loan from the local government financing platform under the condition that it may cause losses to the ordinary investors.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.49
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