Research On The Pricing Of Financial Leasing Asset-Backed Securities

The financial leasing of China developed later than other developed countries.The investment permeability of finance leasing is only 3.4%,far less than the average level of 21.6%in developed countries.The overall financial leasing industry is still in a primary stage in China.There's a huge space for development in the future.In recent years,our government has issued supportive policies to promote development of financial leasing and improve strategic position in the economy.The financial leasing companies mainly finance through bank borrowing,bank factoring and overseas borrowings.However,as the market environment changes,especially from the end of 2016 to the current "deleveraging" Policy implications,bank borrowings are difficult for them.They explored and turned from external financing to internal digestion.Financial Leasing Asset-Backed Securities is the First choice for development.Firstly,I analyze the general and special attributes of financial leasing Asset-Backed Securities.Secondly,introducing the process and detailed steps of financial leasing Asset-Backed Securities through the guidance of regulatory policies,provides reference for practical operation.Thirdly,pricing is the core issue.By analyzing four common pricing methods and theories model gets the common pricing theory flaw,then explores the suitable pricing method for the domestic market.Finally,I test and verify the suitable pricing through one case to close the market pricing methods,hope that can help the development of Financial Leasing Asset-Backed Securities in the future.