Research On Automobile Financial Leasing Assets Management Of Hongsheng Company

In recent years, the number of automobile financial leasing companies increased significantly. In order to provide customers with automobile financial leasing products, many internet financial platforms are trying to set foot in this field and actively explore how to cooperate with financial leasing companies. Under the leading effect of Mercedes-Benz Auto Finance Ltd., hire-purchase schemes such as used car replacement have come into sight, suggesting the drive to maturity of automobile financial leasing industry in China. Under the situation that macro-economy and auto industry decelerate, automobile financial leasing industry takes the responsibility of serving auto dealers, pulling domestic consumption, and supporting the development of real economy. In the face of great opportunities and challenges, if automobile financial leasing companies want to keep stable and sustainable growth, they must concentrate on the ability of risk management, which is the core competitiveness of financial enterprises. And enhancing the management of automobile financial leasing assets becomes a top priority.This paper does in-depth analysis on the management situation of automobile financial leasing assets in Hongsheng Company, the object of study, through field research and use of asymmetric information theory, incentive theory, and the expected income theory, while taking into account the features of automobile financial leasing industry. This thesis first introduces the current situation of automobile financial leasing assets and the business process in Hongsheng Company, and finds out that there are problems in the management of automobile financial leasing assets, for instance, results of due diligence and approval cannot reveal clients'true credit risk, the ownership of automobile financial leasing assets is not protected well, overdue rate and default rate are both high, the profitability of non-performing automobile financial leasing asset disposal is not satisfying. Then it attempts to analyze the source of these problems, and put forward measures and suggestions on how to optimize the management of auto financial leasing assets, including strengthening the precaution against frauds in automobile finance, perfecting the ownership protection of automobile financial leasing assets, increasing the costs of default and enhancing the marketization degree of non-performing automobile financial leasing assets disposal, hoping to provide reference for improving the economic benefits of financial leasing assets and the competitiveness of Hongsheng Company.