The Analysis Of Risk Control On Ship Financial Leasing

Ship financing and leasing business in China has developed over 20 years, which has played an important role in the development of China’s shipping industry. Affected by the 2008 financial crisis, the shipping market declined significantly, and also remains in the doldrums in recent years, resulting in a substantial decline in ship prices. Shipping companies want to invest in new vessels, but was refused by banks. At this time, ship finance lease but with a unique and flexible manner sprung up fast. However, the ship financial leasing business gets involved in the shipping industry and the financial sector, both with higher risks. Meanwhile, China’s ship finance leasing environment is not mature enough, compared with the developed countries, to a certain extent, which limits the development of ship financial leasing industry. The ability to resist risks of ship finance institutions are generally weak, lack of a sound risk control awareness and corresponding system. Therefore, the research about the risks faced by the leaser and the corresponding control of risks of ship finance leasing business, has certain practical significance.On this basis of the research on ship finance, the main mode of ship financial leasing business is analyzed, with discussing the current development of ship financing leasing business and the restricting problems of its development. Therefore, the risks faced by finance leaser are identified first. Identify risks on the basis of these risks in each risk to explore their objective valuation methods, such as interest rate and exchange rate risks using VaR valuation and GARCH (1,1) model is a combination of methods. Subsequently, the strategy and risk control framework for in-depth discussions, raised the risk of the ship financial leasing can be divided into control before, during and after the three stages, and each stage of the risk control of key points in depth. Finally, the risk assessment of the actual valuation case studies to verify the effectiveness of risk valuation methods and in accordance with earlier studies, the main risk to the leaser in the ship finance leases made appropriate control measures in order to ship financial leasing institutions provide some reference.