The Risk Control Of Financial Leasing Project In Our Country

Finance lease is also known as financial leasing, purchase lease or modern lease, it is the international use of the most common and most basic form of a lease, but also internationally accepted means of financing long-term direct investment in one. Modern finance lease as the international financial markets after World WarⅡ, the second financial innovation appears, in the 20th century, the birth of 50 years in the United States. It combines the "financing" and "financial matter" in one, long-term saving companies money and can take the rapid formation of productive capacity; same time, enterprises can choose different operating conditions of the lease is good or bad way to avoid financial risks, but also from equipment obsolescence risk. The surface of the actual financing of the new financial thing means of financing, in the Western countries after World WarⅡof new technology and equipment procurement and the process of industrial upgrading has played a very large role in international investment in equipment procurement in the way of finance leases has become second only to the second largest in bank credit financing.Development of financial leasing began in the eighties, a late start compared to the West. It is accompanied by changes in economic system reform and the history of the gradual process from scratch. Course of nearly three decades of development have had more ups and downs in the setback, and now is rapidly developing into the historic opportunity. At the same time, due to the long-term development of financial leasing in the financial edge of the field, its theoretical research and practical experience are very limited, which is largely restricted to the healthy development of the industry, but also slowed down the economic field in depth finance leases footsteps. The finance lease project partners as more involved, which itself has a very complex transaction structure, the emergence of such a means of financing means full of risks and challenges. Therefore, how to deepen the theory of finance leases and case studies, improve the financial leasing company’s risk management system, establish effective project risk control mechanisms, has become the development of the industry to promote the development of financial leasing and finance leasing companies a key factor in healthy growth.Paper is divided into five parts. Form the first part of the introduction describes the purpose and significance of this study, and domestic and international project finance leases for the theory of risk control to do a simple review, reviewed on the basis of previous studies, the leads in this area of theory of the weak and the lack of case studies. The second part of the first on the definition of financial leasing and international general overview of the basic forms of doing, and outlined details of the finance lease on the basis of relevant theories, these theories of finance leases for the follow-up to provide some idea of risk, but also on risk The theory and its management were outlined, and proposed the concept of enterprise risk management.Before the third part of the combined theory of financial leasing and risk management ideas for the special nature of financial leasing industry risk, the use of risk identification and path dependence theory, from the inherent characteristics of financial leasing business, the external operating environment and financial markets, changes in three aspects risk arising on finance leases are described mechanism, summarized from the lessee, supplier, market, investors, lessors and other five categories of their own risk. The fourth part is the focus of the paper, the theoretical research project on the basis of risk control of the more successful finance leasing company Y a brief description, and to Y company recently established business and new projects in a more a detailed risk control case study analysis. As can be seen in the case study as a more successful finance leasing company, the choice of entering new industries, how the development and stability of the industry to judge, choose from the industry perspective on the macro level of risk control; in A project specific operation, Y leasing companies at the micro level of risk control measures should also be other companies within the field of reference, guidelines from the primaries into the project set to partners and operational risk assessment system to control the other seven described in detail Y leasing companies conducting projects on the specific risk control measures, the last of the A company involved in the project estimates from the verification of income and cash flow point of view of the project at the greatest risk of a detailed analysis of financial risk.Last part of the research summarized in this article, and possible future research directions are described in detail. Writing the full text of some of the theory described in text-based, and in the case study focused on data analysis charts, while a combination of my practical work in the finance leasing company’s experience and operation of the project, the research conducted for the specific use reference, also for promoting the development of financial leasing companies to establish risk control system has a certain practical significance.