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我国商业银行票据融资业务风险管理研究 Abstract Asanimportantfinancingtoolforcommercialbanks,billfinancinghasplayedanincreasinglysignificantroleinthedevelopmentofChina'seconomy.However,italsobringsvariousrisks,suchascreditrisk,liquidityrisk,andoperationalrisk.ThispaperaimstoanalyzetherisksofbillfinancingbusinessinChinesecommercialbanksandproposecorrespondingriskmanagementstrategies. Introduction Billfinancingisafinancialactivityinwhichbanks,basedonthecreditworthinessofthedrawer,discount,orpurchasethepromissorynotes,drafts,andotherbillsissuedbyborrowers.Itisanessentialmeansoftradefinancingforbusinessesthatneedshort-termliquiditysupport.AsthedevelopmentofChina'seconomycontinues,thescopeandamountofbillfinancinghaveincreasedsignificantly.Meanwhile,therisksofbillfinancinghavebecomeincreasinglyapparent. Assuch,thispaperaimstodiscusstherisksofbillfinancingbusinessinChinesecommercialbanksandproviderelevantriskmanagementstrategies. MainBody 1.CreditRisk Oneofthemostcriticalrisksofbillfinancingiscreditrisk.Thecreditriskofbillfinancingreferstotheriskthattheborrowerfailstorepaytheloanontimeorcannotfullyrepayitatmaturity.Creditriskcanoccurduetovariousreasons,suchaschangesintheborrower'soperatingenvironment,fluctuationsinmarketdemand,orthesuddenemergenceofeconomicrisks. Tomanagecreditrisk,commercialbanksshouldestablishasoundcreditriskassessmentandmanagementsystem,includingastandardizedcreditapprovalprocess,riskidentificationandevaluation,andregularmonitoringofcreditrisks.Theyshouldalsostrengthenthecollectionandmanagementofcreditdata,inordertoenhancetheircreditriskanalysiscapabilitiesandimprovetheirabilitytoaccuratelyidentifyandassessrisk. 2.LiquidityRisk Billfinancingalsobringsliquidityrisks.Liquidityriskreferstotheriskthatacommercialbankmayencounterdifficultyinobtainingsufficientfundstorepayitsliabilitieswhentheycomedue.Inthebillfinancingbusiness,liquidityriskmainlyoccurswhenthebankfailstosellthebillsitholdsorcannotcollectthebills'proceedsontime. Tomanageliquidityrisk,commercialbanksshouldestablish