如何监管和处理系族金融链条危机?

• 出 处: 资本市场
• 发表日期: 2005年09期
• 关键词: 资金链条 金链 经营失败 风险控制能力 金融风险 缺口 柯尔 头寸 危机处理 监管标准

金融风险的一个最为重要的特征是风险的扩散性和易传 染性。 风险控制能力低下 在过于绷紧的资金链条下,资金的缺口在过于扩张的 融资能力下,会形成更大的金融风险。德隆、格林柯尔、农 凯这些系族企业,在出现资金链紧绷后,都采取了一定的措 施应对危机,但是目前惯常采用的拆补头寸、隐瞒债券等方 式,客观上只会加速资金链的断裂。 从已经出现经营失败的系族企业看,他们对于整个集

One of the most important features of financial risk is its spread and contagion. Risk control ability is low In the too tight capital chain, the funding gap in the over-expansion of financing capacity, will form a greater financial risk. Delong, Greencool, Nongkai and these family-owned enterprises took some measures to deal with the crisis after the tight capital fund. However, the commonly used methods such as the dismantling of positions and the concealment of bonds objectively only accelerated Broken capital chain. From the family business has emerged in the failure of the business, they are for the entire episode