Research On Financial Leasing Participation In PPP Project Financing

Financial leasing,as the second major means of financial in the world compared to bank credit,has been mainly used in the field of equipment.Financial leasing companies are facing the situation of products homogenization and fierce competition,and also facing the survival pressure of product transformation in China.PPP,Public-Private Partnership,is the mainstream mode used in public infrastructure construction in the world.It has been experienced substantial development in China.After the year of 2013,aimed at control local government debt scale,the government intensive issued a series of policies to encourage private capital participate in the construction of public infrastructure.PPP has entry into the popularization stage in China from then on.But subject to the backward of policies and regulations construction PPP faces the problem of financing after the rapid prosperity project in China.Due to the problem the funds investing and project starting were delayed.In the future variety financing mode will be applied in the PPP projects.Based on the study a large number of documents about financing lease and PPP,the paper shows the development,current situation and problems of financing lease and PPP,The research target is to solve the financing leasing products transformation from equipment to infrastructure,broaden PPP financing channels.The research uses the method of qualitative and quantitative analysis method,case analysis method.Through the financial leasing project feasibility study,project design and analysis on the case that L financial leasing company with SOE background getting involved in the PPP project financing,the advantages of financial leasing has been listed:large financing amount,low financing cost,timely capital investing.And the project is also facing policy,law,business and financial risk.In the end the research shows corresponding measures to avoid risks.The research provides a theoretical basis and practical guidance to financial leasing products innovation,and also to broaden the financing channels of the PPP projects.