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| 论文编号： | 10932 | |
| 作者编号： | 2120163090 | |
| 上传时间： | 2019/6/13 16:27:17 | |
| 中文题目： | 商业银行投贷联动业务模式研究——以北京中关村银行认股权贷款模式为例 | |
| 英文题目： | Discussion on business model of investment and loanslinkage of commercial bank: Based on case of venture loans in ZGC bank | |
| 指导老师： | 王永进 | |
| 中文关键字： | 中小企业；投贷联动；认股权贷款；业务模式；中关村银行 | |
| 英文关键字： | Small and middle enterprises; Investment and loans linkage; Venture loans; Business model; ZGC Bank | |
| 中文摘要： | 中小企业作为国家经济的活力来源，对民生就业、科技创新、经济增长等起 到重要的作用。中小企业是目前国内仍待解决的重要问题之一。为此，中国银监 会等三部门于 2016 年出台《关于支持银行业集荣机构加大创新力度 开展科创 企业投贷联动试点的指导意见》，从政策层面上支持投贷联动业务的展开，意味 着商业银行开始在金融产品创新方面支持中小企业融资。中关村银行作为北京 地区拥有银行牌照的民营银行，其主营业务即为科技型中小企业提供投贷联动 类别的产品——认股权贷款。中关村银行在成立之初就以服务科技型中小企业 为宗旨，截至 2017 年年底，授信客户数量已经达到 10 家，放款金额约为 6100 万元。本文以点及面，通过研究中关村银行的业务模式及具体案例实践，为国内 商业银行开展投贷联动业务提供创新性意见。国内商业银行在开展投贷联动业 务时，一般采取两种业务模式，一种是与第三方机构合作的模式，一种是子公司 模式。第三方机构合作模式又分为两种，分别是 PE/VC 直投的模式和 SPV 模式。 中关村银行采用的是与第三方投资机构合作的模式，不过也在探讨成立投资子 公司的可能性。子公司模式有利于将盈利内部化，并且削减外部成本。本文详细 描述了中关村银行开展认股权贷款的三个案例，贷款结构从简单到复杂，担保方 式也存在一定的差别。从案例的探讨中，挖掘出中关村银行的创新举措，比如设 计相对复杂但是符合风险特征的放款结构。为此，我们得出四个相对合适的创新 意见。第一，加强与第三方机构的业务合作；第二，嵌入奇异期权进行风险对冲； 第三，构建“科技+”的业务体系；第四，形成与相关金融业务的有机联动。 | |
| 英文摘要： | As the origin of vitality of national economy, Small and middle enterprises are important to create new jobs, to stimulate innovation, and to promote economy. Today, the difficulty of SME finance is still the problem need to be solved. So in 2016, China Banking Regulatory Commission and other two commissions issued a document to encourage banks developing investment and loans linkage, and it has meant that commercial banks intended to provide innovative financial products to support SME finance. As one of the private banks owning the authority to bank business in Beijing, ZGC Bank does its main business in investment and loans linkage, and its concrete products is venture loans. Since ZGC Bank established in 2017, it has been always highlighting it purpose for serving for technological SMEs. In 2017, 10 enterprises have been afforded venture loans from ZGC Bank, and the gross account of loans was 61 millions. By do some researches to business model and concrete cases of venture loans in ZGC Bank, this article try to give some innovative ideas in developing products of investment and loans linkage. In China, banks generally do this finance business in two ways, including third party institution model and subsidiary model, and third party institution model includes PE/VC model and SPV model. ZGC Bank adopts the PE/VC model, and it will probably set up the subsidiary to develop business. In this article, three cases are discussed, and show complex structure and different guarantee, so we provide four suggestions. First, try to strengthen the cooperation between banks and third party institutions. Secondly, try to use exotic options to hedge risks. Thirdly, try to build a business construction of Tec+. Fourthly, try to link relative business to investment and loans linkage. | |
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