A Study On International Fincial Leasing & Its Risk Prevention

As a multiple trade, International financial leasing is the result of the development of modern leasing. It is an important way to collect money on the international market as well as a good method for developing countries to attract foreign capitals. With the prosperity of the world economy, the study of international financial leasing has been paid more and more attention.Since there are many parties in it, the legal relationship of international financial leasing is complicated. Additionally, the national regulations are different form each other. Which lead to various kinds of ventures such as economic environment, revenue, supervision, bankruptcy, and so on during the transaction of international financial leasing. To keep away form these ventures is a urgent problem to solve.Developed countries have made particular regulations on financial leasing and in order to ensure the safety of the trade the governments have established relevant favorable policies and system of risk prevention. These advanced experiences should be used for reference by developing counties.Financial leasing of China is still at its beginning. There has not been a systematic Financial Leasing Law to adjust the rights and obligations of the contract parties. Regulations of financial leasing are scattered in many different laws and codes. But unfortunately, these regulations are not all reasonable. Herein the author of this article suggests that we should legislate a Financial Leasing Law by consulting the experiences of foreign legislation and the Unidrot Convention on International Financial Leasing. In addition, our government should take supporting policies and make an integrated risk prevention system to promote the development of financial leasing.