The Application Of Financial Leasing In Corporate Financing

Financial leasing is a relatively new type of corporate finance tool with "fund raising" and "equipment leasing" dual attributes.Compared to other financing instruments with a low risk,high flexibility,high efficiency advantages approval,it can meet corporate financing needs in a variety of special situations,and is one of the important financing methods for enterprises.As China's economy enters a "new normal",supply-side reform will be the main theme of China's social and economic development for a long time to come.The purpose of this paper is to study the development and characteristics of financial leasing model,to analyze enterprises facing the shortage of funds,through real case in-depth study of financial leasing to promote the transformation and upgrading of enterprises played an important role in proving its feasibility and necessity in the field of application in order to help this type of enterprises to some extent to ease the financing difficulties and help them to successfully transition and upgrade as soon as possible.The first half of this paper introduces the concept of financial leasing from the perspective of "four pillars" of financial leasing,and gives a brief analysis and introduction of its functions and advantages.Finally,it introduces the development and current status of financial leasing in our country.The second half focuses on the analysis of the direct finance lease between Z Finance Leasing Company and A Company.The original business of A Company is the production and sales of PV modules.It is currently in the stage of industrial transformation and upgrading.After the completion of the transformation,it will engage in IDC business.Z Financial Leasing Company,through its in-depth analysis of the operation prospects,future revenue and cash flow characteristics of A's data center projects under construction,has created a personalized financial leasing plan.Through the "equipment leasing" approach,A Company will receive financial support of approximately RMB 550 million for 6 years;innovative transaction considerations for "bonded stocks combined";and an irregular repayment scheme that perfectly matches the future cash flow characteristics of A Company;comprehensive risk mitigation measures.Through this financing,A Company has obtained high-value,low-cost and long-term project construction funds that do not affect control,effectively supporting its transformation and upgrading.At the end of this paper,we elaborate the lessons and inspirations brought about by this case,which illustrates the special functions and advantages of financial leasing in the transformation and upgrading of enterprises and prospects the future financing leases.Financial leasing can play an increasingly important role in the national economy.