On Finance Leases Of Project Risk Management Strategy

The risk management for financial leasing project is one of the business operation focuses in the financial leasing companies. Possessing both financing and industry business features, the financial leasing projects have potential risks in the whole implementation process. Therefore, it is essential for the financial leasing companies to set up a system, based on a comprehensive understanding of the business features and the corresponding risk features, for risk identification, control and management, to further improve the internal risk control process as well as to consolidate the external risk management work.The development for the financial leasing industry was restricted because of the lack of risk management sense, the outdated risk management methods and the business conditions limitation. This article analyzed the mechanism for the financial leasing project risk reasons, and introduced in detail 8 risk categories. For different kinds of risks, 6 principles for financial leasing project risk management and control were correspondingly introduced. They were risk evasion principle, risk pooling principle, risk shifting principle, risk compensation principle, risk control principle, and risk absorbing principle. The writer identified the risks in different project phases with the help of risk production mechanism, and thereafter came up with an idea of project risk management synergy, to identify, resolve and control the risk at the pre-phase, middle-phase and latter-phase by using one or more strategies or measures. The XiaoXiaoTong project in the Far East Leasing company was given as an example in the article, and the experience in applying the risk management synergy while facing different risk types was introduced.