The Case Study Of Daye's Financing Project

Financial leasing is produced in the process when financial market continues to develop and improve.It reflects the needs of social development,Is the inevitable product when the economic development to a certain stage.Financial leasing entered China in the 1980 s,In the early days of reform and opening up,it is Introduced from Japan by the way of use foreign investment.So far,China has introduced finance leases for nearly 35 years.During this period,financial leasing industry have made a positive and useful exploration and try In the introduction of foreign advanced technology and equipment,the development of new channels of financing,expand economic and technological cooperation and exchanges and broaden the product sales channels,etc.As a bridge between leasing assets and financial markets,financial leasing has the role of driving the economy and promoting product sales.Especially in China's increasingly mature market economy system,huge market prospects and the rapid development of new industries have provide a good condition for the development of China's financial leasing.Most importantly,the requirements of financial leasing to the production and operation of financing enterprises is not high,for small and medium enterprises,although long-term sources of funding are more difficult and lack of collateral,but through the financial leasing can still achieve the purpose of expanding production and management.As a result,financial leasing has a unique financing advantage,especially in the current SME financing problem has become a constraint to China's economic reform and transformation of the outstanding issues,the study of financial leasing is even more practical.At present,China is in a critical period when industrial structure adjustment and economic transformation and upgrading,as an important mechanism for market allocation of resources and financial instruments,financial leasing plays an important role in promoting the upgrading of industrial structure and the service economy.However,compared with the rapid growth of China's financial leasing industry,related environmental support-legal,regulatory,tax,etc.are significantly lagging behind.It is these issues that constrain the development of China's financial leasing industry.Especially in the critical period of economic reform and upgrading,financing problems have been restricting China's economic development,which is particularlyprominent in small and medium enterprises.By studying the advantages of financial leasing in solving the financing problems of small and medium enterprises,it will have a guiding role in solving the financing problems of small enterprises.Based on the existing research on financial leasing at home and abroad,this paper analyzes the results of financial leasing research at home and abroad.At the same time,this paper chooses the Daye Water Company's water supply pipeline after-sales leaseback to analysis,through the analysis of the case The unique advantages of financial leasing in solving corporate finance problems,especially in comparison with the traditional financing model.First of all,this article will introduction and analysis the current situation of financing leasing and the financing of small and medium-sized enterprises.Through the development of financial leasing and its help to the financing problem,to prove that financial leasing is of practical significance to solve the problem of corporate finance.Secondly,analyze the current operating status and assets and liabilities of the company's projects,consolidate the current economic environment and the company's assets and liabilities to analyze the feasibility of increasing the water pipe.And then introduce the water supply pipeline back to rent items in detail.Analyze the company 's requirements of selected the sale back to rent items.And use qualitative and quantitative analysis to compare financial leasing and bank loans,to find out the specific advantages of financial leasing relative to bank loans.Finally,Analyze the financial leasing project case,find the unique role of financial leasing on enterprise development,and the advantage of reducing the problem of information asymmetry,increasing the maturity of financing and repayment flexibility,raising capital utilization and reducing the threshold for corporate capital use compared with the traditional bank financing model.At the same time,to find out the problems in the corporate finance leasing project,and reflects the problems in development of China's financial leasing business.And finally put forward countermeasures to solve the problem and policy recommendations.To promote the rapid development of the financial leasing industry,hope that more enterprises through the use of financial leasing projects to solve the current problems of financing difficulties in small and medium enterprises and summarize the relevant experience.Although the selected case in this paper has a certain representative,there are still shortcomings,and can not fully represent all kinds of small and medium enterprises,for other industries and the scale of small and medium enterprises financial leasing case also need further study.At the same time,Although the research method of this paper is studied from qualitative and quantitative aspects,most of the predecessors' research is based on qualitative research,therefore,the study of financial leasing also needs from a variety of angles,a variety of different sizes of different industries and enterprises to further study to draw a more powerful conclusion.