Research On Risk Management Of Financial Leasing Companies In China

China's leasing industry started in the 1980 s.Since the CBRC promulgated the "Management Measures for Financial Leasing Companies" in 2007,the leasing industry has achieved rapid development.At present,the participants in China's leasing industry can be divided into two categories according to different regulatory departments: one is a foreign-invested financial leasing company under the supervision of the Ministry of Commerce and a domestic-funded leasing company,and the other is a financial leasing company under the supervision of the CBRC.According to public information,as of the end of 2017,there were 9,021 financial leasing companies and 69 financial leasing companies registered nationwide.Although the number of financial leasing companies is small,they have a large market share in China's leasing market due to their advantages in financing channels and risk management.Since its inception more than 40 years ago,financial leasing has achieved rapid development due to its unique advantages in financing and financing.The number,business and scale of financial leasing companies have all experienced unprecedented growth.However,at the same time,financial leasing companies are pursuing profits in the early stage of development,blindly expanding the market,competing to relax the review of leasing customers,and risk control measures are in the form.Many companies do not have a special risk management committee,and the leasing projects have no prior risk assessment.There is no late project tracking.In the economic downturn,the bank tightened the credit to the leasing company,and a large number of customers with poor qualifications could not pay the rent,causing many financial leasing companies to go bankrupt and liquidate.Since then,the domestic financial leasing industry has experienced a long period of severe rectification and contraction.period.From the development history of the financial leasing industry,the risk management of financial leasing companies is the top priority in the development of business processes.Therefore,financial leasing companies must have a deep understanding of the risks of the company in order to improve its internal risk control system and strengthen external risk management tools.In order to comply with the development trend of the financial leasing industry,this paper takes the financial leasing company risk management as the entry point,introduces the representative J financial leasing company in the industry as a research case,collects the relevant financial data of the company from 2013 to 2017,firstly uses the financial The indicator analysis method considers the financial risks of J company from three aspects: profitability,solvency and growth ability.After analyzing the limitations of the financial indicator method,the CAMELS evaluation system was introduced to analyze the risks of J company's capital adequacy,asset quality,management level,profitability,liquidity and market sensitivity.While finding quantitative measures for corporate risk management,it also explored the problems of its internal risk management and helped the company improve its risk management capabilities.Based on the theory of financial leasing,this paper analyzes the existing risks of J company based on the financial index analysis method and the CAMELS evaluation system.It summarizes the serious mismatch of asset maturity in the existing risk management,the interest rate sensitivity gap is large,and the concentration of customers and industries is too high.There are four problems in violations.Combining the advanced risk management methods of financial leasing companies in developed countries,we propose improvement suggestions for risk management for each issue.At the same time,it also has a good reference for other financial leasing companies.