Study On Risk Management On Financial Leasing Project Of GT Company

Financial leasing, bank loans, trust, direct financing and insurance are five kinds of financial instruments. It plays an important role in the promotion of social investment, speeding technological progress and promoting consumption growth. And meanwhile financial leasing has its own advantages and characteristics in strengthening financial market and optimizing the capital structure, therefore, it has become the third largest way of financing after the capital market and bank credit in the world. For firms which engage in financial leasing business, risk management has become one of the core management issues. With regard to financial leasing project which has both features of industrial projects and financial tools, the risk of financial leasing has always run through the whole project. For financial leasing company, it must realize the business and the corresponding risk characteristics and establish the process of risk identification, evaluation and control. And also it is a matter of great urgency to improve the internal risk control system and strengthen the external risk management.GT Company is engaged in financial leasing business. The company attached great importance on risk management when established. Although it established the project review, risk assessment and other related systems, GT Company still lacks a set of feasible risk identification, evaluation and control system. Based on the relevant theory of project risk management, this paper analysis the equipment leasing project of a refining and chemical company of YanChang Petroleum Group in2014, by adopting the combined research method of literature study and case analysis. It analysis the risk in five aspect of credit risk, market risk, operational risk, policy and law risk and moral risk. And then the author evaluated the risk from two aspects of risk probability and degree of influence. On this basis, it established the risk control system and put forward specific strategies for risk control. Finally, this paper formulated the safeguard measures from the organization, process and system to ensure the implementationGT company is a newly established financial leasing enterprise. The business process is complex. It involves several steps of business negotiation, project evaluation, project decision-making, business operations and project management. The risk identification and evaluation system established in this paper is beneficial to the company to strengthen financial leasing program risk control, it can effectively avoid the bottleneck and improve the corporate stability. This paper has certain reference value on risk management for other company that focused on business of financial leasing project.