Research On Asset Securitization Product Pricing Of Finance Leasing Companies

In recent years,with the rapid development of China's economy,with the birth of more ancd more financing methods,the financial leasing industry has pledged its equipment for use as a pledge and the ability to directly purchase equipment has been sought after by more and more large-scale manufacturing industries.The sources of funds for the early development of financial leasing companies are mainly banks and sub-leasing to financial leasing companies.However,as the size of the financial leasing industry continues to expand,the tightening of bank funds coincides with the rapid rise of China's asset securitization market.Financial leasing companies have found new financing channels,that is,the future rent of leasing projects using financial leasing companies as the future.Predictable cash flow,issuance of asset securitization products.The important aspect that financial leasing companies need to pay attention to asset securitization products is the pricing of asset securitization products.At this stage,China's asset securitization product pricing uses a common international pricing model,but since 2014,China's asset securitization market has seen Only when formal development began,relevant data such as risk ratios and early repayment rates were missing.Therefore,this pricing method is not applicable to C hina,and it is easy to cause the estimated issue price to be far from the actual issue price,which aff-ects the operation of financial leasing companies.This paper uses factor analysis of China's already-issued asset securitization product data to identify the key factors affecting the pricing of asset securitization products and to match the specific impact of key factors on the pricing of China's asset securitization products to form asset securities.Pricing model.Then,using the pricing model fitted by the factor analysis method to estimate the issue price of asset-backed securities issued by a large state-owned finance leasing company,and comparing it with the actual issue price,we found that the price model estimated by the factor analysis method can be used to estimate the price.It is very close to the actual issue price,thus illustrating the feasibility and applicability of the pricing model.