Foreign Exchange Reserve Financing Leasing And Development Of Small And Medium-sized Enterprises Research

Foreign exchange reserves, a government that the international reserve assets held by the exchange in part, that is held by a government bonds denominated in foreign currency, is a national monetary authorities to hold and ready to exchange foreign currency assets. Foreign exchange reserves as a national economic and financial strength of the mark, which is make up for its international payments deficit, to resist the financial crisis, exchange rate stability in the country to maintain its international reputation and the material basis. Foreign exchange reserves is the realization of balanced economic stability is an indispensable means, especially in the development of economic globalization, a country’s economy more vulnerable to other national economic impact of cases, even more so. Based on the foreign exchange reserves all the functions, all countries in the world pay much attention to the study and use of foreign exchange reserve.Since the reform and opening up, China carries out for a long time due to attract foreign investment preferential policies, to encourage enterprises to export the "going out" policy and foreign exchange management" strict" policy, China’s foreign exchange reserves rapid growth. As of2011June, China’s total foreign exchange reserves had reached$3,197. The pursuit of its cause, the "double surplus" is the main source of foreign exchange reserve. Moderate foreign exchange reserve is conducive to a country’s macroeconomic operation, but the excess of foreign exchange reserves on China’s economic development has brought many negative effects: first, the foreign exchange income rate is low, the cost of holding high. Secondly, restrict the central macro-control ability, easy cause inflation. Finally, accelerate the inflow of hot money, impair growth ability. Many adverse effects requires us to find out a new foreign exchange reserve investment road. So, how will the moderate scale of foreign exchange reserve beyond effective use, so that the value of foreign exchange reserves, play to the positive role of economic growth, China is needed to study and solve a major problem. The first part of this paper from the foreign exchange reserve related research, mainly discusses the moderate scale of foreign exchange reserve management and structure of the related research results, the theoretical research is relatively mature, formed a relatively complete system. The second part focuses on the foreign exchange reserve of our country to use the current situation, key through and other investment experience is compared, find out our country foreign exchange reserve investment inadequacy, seek out other countries can learn from the excellent experience. The third part and the last part is the main body of this paper, but also the innovation. The third part of this article mainly from the lease financing and development of small and medium-sized enterprises relationship were discussed, including foreign exchange reserve lease financing source theory, and combined with the scale of China’s foreign exchange reserves and the needs of small and medium enterprises of financing lease size estimation, elaborates the lease financing to the small and medium-sized enterprise development to the important role of. The last part of the article the author mainly analyzes several important financing leasing pattern, to learn all kinds of lease financing mode of the essence, combined with China’s foreign exchange reserve characteristics and small and medium-sized enterprises are in urgent need of the equipment, the preliminary design of a set of foreign exchange reserve financing lease system, which includes leasing, financing of small and medium-sized enterprises, the bank loan, the bank rental and a series of relevant content. Subsequently, the need to lease financing small and medium enterprises of industry, and to finance leasing department provides the corresponding financing strategy. Thus to our country foreign exchange reserve financing leasing pattern formed a preliminary conception, for the relevant departments to solve the excessive foreign exchange provides a new train of thought.