Research On Default Risk Rating System For Auto Finance Leasing Business In All Trust Leasing Co Ltd

Chinese auto financial leasing industry started late,but has developed rapidly in recent years.The market size of Chinese auto financial leasing industry in 2018 is about 225.5 billion CNY,and it is expected that it will maintain a 20% growth per year in the next three years.Since the Huitong Leasing Company established in 2011,it has provided auto financial leasing services to nearly 1 million customers.However,due to the inadequate risk management system and the particularity of customer risks,the default risk of financial leasing business remains a high degree.The company's risk management exists many problems such as errors based on human-based experience,low degree of quantitative analysis,and inaccurate rating of customers.These issues caused the deviation of customer default risk rating to be larger,and it cannot provide risk management guarantee for the normal development of the leasing business.This thesis takes Huitong leasing company's auto financial leasing business as the research object,aims to construct the customer default risk rating system of the business by using the quantitative model.Based on the comprehensive risk management theory and risk rating theory,this paper analyzes the current situation,defects and deficiencies of default risk management of auto financial leasing business.On this basis,based on historical real transaction customer data,this paper using logistic regression model to screen out 11 key risk characteristics of customer default risk,and then constructs default risk rating system.Finally,the paper selects the historical real transaction data of Huitong company's financial leasing business to verify and analyze the effect of the default risk rating system,then,puts forward the implementation and guarantee measures of the default risk rating system combined with the actual risk management situation of Huitong leasing company.The conclusion shows that the default risk rating system constructed in this paper has obvious advantages,such as fewer errors based on human-based experience,higher degree of quantitative analysis and higher accurate evaluation results.To some extent,the rating system has improved the quantitative analysis level of the risk management of huitongxincheng leasing company's financial leasing business,which is helpful for providing the important method guidance and practical basis for the scientific management of customer default risk.