CREDIT RISK AND RELATED ISSUES DURING THE REFORM PERIOD OF CHINA

摘要

Firstly, we precisely introduce several credit risk models and pay attention to the limitation ofrnthese models applying to China. By international standards especially the debt-to-asset ratio,rnnon-performed loan ratio and capital adequacy ratio etc, mostly enterprises especially SOEs and banksrnin China are assigned to low credit levels, due to historical, structural, institutional and even culturalrnreasons. We outline the required deeply reformative measurement and also put forward some newrnsuggestions so as to further reduce the systematic credit risk. All these combined together provide anrnanalysis framework and a indispensable backdrop for credit risk in such a transition economy andrnemerging market.