Research On The Impact Of Government Regulatory Indicators On The Operating Efficiency Of Financial Leasing Companies

China's financial leasing industry originated in the early stage of reform and opening up.Since the 21 st century,the financial leasing industry has developed rapidly in China and gradually become an important part of the financial industry.By the middle of 2019,the number of finance leasing companies in China had exceeded ten thousands,with assets exceeding 6 trillion yuan.The number and scale of companies are growing year by year.In 2018,the business operation and regulation rules of the financial leasing industry were uniformly formulated by the CBIRC,taking the first step from multiple supervision to unified supervision.In the supervision measures of finance leasing companies,the CBIRC has set up supervision indicators according to the current prudent supervision concept to supervise and manage the financial risks and sound operation of finance leasing companies.At the same time,the promulgation of regulatory measures also provides a basis for the daily supervision of regulatory departments.In the process of promulgation of regulatory measures and formulation of regulatory indicators,it is worth studying whether the regulatory indicators have any influence on the operating efficiency of finance leasing companies and to what extent does the resulting effect increase or delay the efficiency of supervision.How to make the regulatory indicators more in line with the market environment and the essence of regulation,how to improve the efficiency of regulation and how to encourage finance leasing companies to cooperate in regulation are the work contents that government departments need to constantly optimize in the process of supervision,which is also conducive to improving the work results of the regulatory and law enforcement departments.Based on the theory of public goods,government regulation under the guidance of economic theory and incentive regulation theory,combining the regulation of the financial leasing companies in China the status quo,through descriptive statistical analysis,the empirical study method,case analysis,through the design correlation data model,about 2014 to 2018,23 financial leasing companies reported to regulatory index data,including capital adequacy,customer concentration and company's own operating efficiency such as the linear regression analysis and evaluation,the following research conclusions are drawn: capital adequacy is positively correlated with the operating efficiency of finance leasing companies,the whole correlation degree is positively correlated with the operating efficiency of finance leasing companies,and the assets ratio of non-performing finance leasing covered by provisions is not significantly correlated with the operating efficiency of finance leasing companies.Finally put forward the following Suggestions: To establish a supervision indicators monitoring priority strategy mechanism.Establishing the regulatory index dynamic management mechanism.Establishing the regulatory index correlation of early warning mechanism.Establish effective coordination of multidimensional supervision mechanism.Establish reasonable regulation of information sharing mechanism.Setting up with standard main regulatory index mechanism.These suggestions aim to promote the CBIRC for high quality and efficiency in the financing lease company regulation.The innovation of this paper is that at present,it is rare to discuss the construction and optimization of the financial leasing regulatory index system from the perspective of the relevance of regulatory indicators to the operating efficiency of finance leasing companies.The author fully understands the theory of public goods,the theory of regulation economics,the theory of incentive regulation,and the theory of financial regulation,objectively evaluates and analyzes whether the current financial leasing regulation index is related to the company's operating efficiency,and puts forward relevant policy suggestions to optimize the supervision and management in the future.The shortcoming of this paper is that the total number of regulatory data and operational efficiency data samples available for study is relatively small compared with mature financial institutions.At the same time,the regulatory indicators adopted in this paper are the indicators that are directly reflected in the management measures,while the more detailed regulatory indicators are not involved.In addition this paper will in the financing lease industry supervision index and operation efficiency index relations has made the preliminary study of the linear correlation data,but not from the linear fit of the regression analysis of high,can only analyze the positive and negative correlation between the indicators.Further study will be carried out when the sample size increases in the future.