Finance Lease Application And Development Of China's Machinery Manufacturing Industry

Annual production capacity of finance was born in the United States in 1952,because it can boost domestic demand, investment and technology,it is recognized and flourished in many countries.From China Eastern Leasing Companies born in April 1981,finance leasing industry in China marked has gone through 30 years.In 2005, China's lease amounted to only a mere 15 billion U.S.dollars, far below the world average rental level,it means that leasing industry in China's economic did not play its due role. Since the late 90's, in the macro-economic situation of the case of the economy, machinery industry in China achieved rapid development especially after accession to the WTO, further opening up of the machine-building industry market, the international well-known machinery manufacturing companies entered to China the competition of machinery and equipment manufacturing markets strong grown. In the current economic crisis affecting and the greater pressure of market competition, the domestic machinery manufacturers need to explore and launch a new model of credit sales.The passage through historical, comparative, SWOT analysis, systematically shows that the domestic machinery manufacturers why and how to cooperate with the financing of leasing companies,and form a resources which capital and equipment is complement for each other, reach the purpose that all parties can get the interests in the fierce market competition and set up a new realistic path from using capital.The reasons that the finance leases couldn't rapid development together with the Chinese manufacturing industry are below:First, the laws and regulations of the finance lease are not very sound, it may face to legal problems when leasing companies and factories carry out leasing business.Second,in the current organizational structure and internal resources,domestic enterprises need for a certain degree of integration and adjustment and then can carry out leasing business to achieve the requirements.Third, risk control and credit management is the focus of leasing business, leasing companies and manufacturers have a need to strengthen capacity in this area.Fourth, under the conditions that the capital market is not so developed,the bank is the main channel to provide capital.The refinancing of the domestic leasing industry is the big problem which restricts the leasing companies to carry out the business.This article suggests the realistic path for choice for the development of the leasing manufacturing industry,It shows the innovations that "raise the rental business and the quality of its staff, the development of leasing and marketing of diversified leasing approach",through giving the leasing company a clear market positioning, financial advantages to play a wide variety of marketing, enhancing market development and customer exploring, developing variety of funding channels, improving service and risk control, personnel training and so on, to improve the overall quality of the leasing companies, develop the diversification of the lease, meet need of new lease demands, adapt to the needs of economic development and single enterprises.