Research On Interest Rate Risk Management Of China's Financial Leasing Companies

Financial leasing has become an increasingly important financing channel.The long-term practice of finance leasing industry in China shows that the ability of risk control,especially interest rate risk management,is the most important task to ensure the sustainable development of financial leasing companies.China's interest rate marketization also impacts of interest rate fluctuations.Interest rates will be more and more influential factors and the volatility and frequency will be greatly increased,interest rate risk will gradually increase.Financial leasing companies in such an environment,of course,will suffer the risk of interest brought about by the various effects.As China's financial leasing industry started late,so the financing leasing industry interest rate risk control did not have much experience,we lack a complete set of accurate interest rate measurement and pricing mechanism,the lack of a highly efficient and mature monitoring system.So how to measure interest rate risk,how to make financial leasing companies effective control,so that it will not affect the company's efficiency and long-term development.These problems are urgently needed to be addressed.This paper focuses on the interest rate risk management of financing interest rate enterprises.First of all,it introduces the background of financial leasing enterprises in our country and the research framework of this paper.The second chapter introduces the definition,characteristics,characteristics and types of interest rate risk of finance leasing enterprises.It also understands the relationship between interest rate and the value of leased assets from the perspective of definition.It also divides the risk of finance leasing enterprise into assets from the perspective of similar bank interest rate risk Debt maturity Mismatch risk is the risk of re-pricing,including the option risk,interest rate benchmark risk and profit curve risk.Chapter 3 introduces several interest rate risk measurement methods-interest rate sensitivity notch analysis,duration analysis and VaR method.The fourth chapter compares the advantages and disadvantages of several methods,and concludes that the interest rate sensitivity notch analysis method is only a strict static analysis method,which is lower than the latter two methods.The VaR method,although the accuracy is high,but the constraints are more,such as data collection,the accuracy of the computer and so on.So the most suitable method for studying the risk of financial leasing interest rates is the method of duration analysis.And then to the maturity of China's treasury bonds based on interest rates,through the financial leasing enterprises to carry out empirical analysis of the assets and liabilities,through some of the bonds and a listed financial leasing companies in the balance sheet of various assets and liabilities of the calculation Interest rate fluctuates the amount of net assets of the company.Probing into the Applicability of Duration to Interest Rate Risk Management of China 's Financial Leasing Enterprises.Finally,it mainly introduces the several methods of interest rate risk management of finance leasing enterprises from two aspects:external industry environment and internal organization system control.