Research On The Development Of Financing Lease In China

Financing lease generated in the United States after World War II .Because of the rapid development in modern science and technology represented as the use of electronic information technology, it enabled capital equipment renovation cycle much shorter. Financing lease has the unique advantage in some aspects such as accelerated depreciation, promoting technology innoyation and improving product competitiveness. It has been developing rapidly from the date of birth because it seized the opportunity of the third revolution in science and technology. Financing lease has played an increasingly important role in the economic development of the United States, Japan and other major countries. But in China, financing lease remains stalled after 20 years of development. It is subject to the lack of tax incentives, imperfect legal and regulatory environment, inadequate capital, backward risk management level and some other reasons.Experts in China focus on the introduction of financing lease and overseas experience. Although in recent years more and more experts have found its broad prospect and rapid development and begin to have a research of the substantive areas. But it rarely revolves around the systematic research. This article will focus on the study of the successful experience of financing lease in the world, combining with the economic circumstances in China. At last it will give some constructive suggestions.This article is divided into four parts. The first part will firstly give a brief introduction to the basic concept of financing lease, and then analyze the development of financing lease throughout the world. The second part will prove the necessity of developing financing lease in China by comparing the history of financing lease in the world and in China. The third part will firstly find the bottlenecks of the development in financing lease in China by having analysis on the comparative study of the tax system, accounting system, legal system and risk management in China, and then explore development opportunities of financing lease in China by combining with current economic environment. The fourth part will give some suggestions to the development of financing lease in China by summarizing the studies above.