Application And Development Of Financial Leasing In The Field Of Higher Education

Since the increasing enrollment of higher education in1999, the higher educationhas witnessed the change from elite education to mass education. Meanwhile, the highereducation market, which is featured by long cycle operation, gradually matures. We willexperience the colleges’ shift from quantity extension to inner building in next5to8years.To sustain their development, colleges and universities widely implemented thethree-step strategy: first, expand the campus and improve teaching devices; second,constantly upgrade disciplinary constructions and enhance teachers’ professional skillsto meet the requirements on high-quality education; last, build up colleges anduniversities’ social influence and brand. Nowadays, the vast majority of universities arein the process to move from the first step to the second step. The three-step strategycannot be implemented without enough funds. However, because the number ofstudents and the tuition charged will remain stable in the near future, the universities’tuition income will basically remain the same. The financial appropriation for education,though steadily increasing, is mostly spent on the growth of compulsory education andpre-school education, therefore, college and university cannot develop without financialsupport from non-governmental financial source in the long run.In the past ten years, most colleges and universities have achieved fastdevelopment supported by bank loans, and the economic achievements of theuniversities and colleges powered by financial funds have been widely applauded by thepublic. In the future, colleges and universities may have to run by themselves, therefore,therefore college financial managers need to attach great importance to college fiscalplanning. It’s a must for colleges and universities to expand financing channels and toimprove the ability to raise funds to accelerate their development and intensionbuilding.Financial leasing, as an emerging form of financing, grows rapidly in recent years.Its versatile and fast features with short-term circle have made it a popular financingmethod in higher education market. How do colleges and universities utilize financial leasing under the current stage of development? How does financial leasing provideunique product and service in higher education market? This thesis will comparefinancial leasing with other financial products based on case study and propose the ideasfor scientific product design, financial prediction and the prevention mechanism forcollege financial risk so as to achieve the healthy and sustainable development offinancial leasing in higher education market.