The Study On SMEs's Finance Leasing In China

The small and medium-sized enterprises(SMEs) are the sources of activities of our economy,which can be seen from the resolution to unemployment,the contribution to GDP,as well as the meaning to Chinese Development strategy.But with the gradual establishment of the socialist market economy system,a biggest issue that restricts the development and subsistence confronted the SMEs,it is limited access to financing.Traditional methods can not meet the requirements of SMEs,therefore based on its particular characteristics and financial mode,finance leasing opened up a new channel for financing of SMEs.At the production and management pross of SMEs,the most lacking is not short-term floating capital,but expensive equipments which can be used in the expanded reproduction.The price of the equipment will usually achieves more than ten million,this is a serious burden to the SMEs.For many years in the counter potential and the big requirement of the SMEs,I select the financing for the SMEs by the equipments as my direction of study.Finance leasing is very important for economy development,and it is a emerging profession which has a wide and great future.But it appeared late in Chinese market,and researchs on Chinese finance leasing are not full.By quantitative analysis approach and qualitative analysis approach,this article elaborated the general theory of finance leasing and its unique function to the development of SMEs systematically.This article also analyses the possible risk and measures to decrease risk on the position of leaseholder.At last using the cost current value method to analyse which method is better to acquire the equipment,finance leasing or loan purchase?And the answer is the finance leasing method.The content of the article are five parts:The first part is introduction,mainly elaborate the research background and significance,the domestic and foreign present research situation of finance leasing,and the main content of this article.The second part elaborate the meaning and main method of enterprise financing,and some elementary theories of finance leasing.The third part mainly elaborate the unique function of finance leasing to SMEs,include finance leasing is a realistic choice to solve the problem of the financing is difficult,make use of finance leasing can have an effect to evade risk of SMEs, finance leasing can promote the technological progress of SMEs, finance leasing can provide SMEs synthetical with synthetical service,and improving management and administration.The fourth part mainly describe the achievement analysis about the SMEs develop the finance leasing services.The fifth part analysis the financing cost between equipment leveraged lease and purchase equipment by loaning.The main method used is the cost current value method,and enumerated an example to prove the cost of using finance leasing to acquire a equipment is lower than the loan purchase method.The basic researching structure of this article is "Theory outline-Achievements analysis-Quite research-Case analysis",innovatively based on SMEs,financing cost theory as a research background,and the cost current value method as the real diagnosis tool.Provides the theory basis for the SMEs's decision-making.