担保公司贷款担保业务模式的创新

为解决我国担保公司贷款担保业务风险与收益不匹配的问题,基于哈利·马可维兹关于风险与回报降低风险、提高收益的有效前沿理论,主要从提高收益的角度进行了探讨,提出准股权业务模式担保的概念,把债权与股权有机地结合起来.在此基础上,进一步探讨了准股权业务模式担保的定价、业务决策、准股权的兑现及为兑现准股权的三种担保方式.

Discussion about innovation of business mode in guarantee company

This paper comments on the existing business mode of loan guarantee in Guarantee Company. It points out that the risks and the benefits of this mode could not match under current credit environment in China. In order to solve the problem, we can reduce risks or increase benefits based on viewpoint of Harry Markowitz. This paper mainly focuses on the way of increase benefits, and draws a conclusion that we could organically syncretism loan and stock, set up a Standby Stock Mode (SSM) for guarantee, and refer to Venture Capital operational mode. The paper further discussed the pricing, business decision-making of SSM, and three operational methods of SSM for stock encashing.