Research On The Interest Rate Risk Measurement And Management Of Financial Leasing Company In China

Along with our country financial system reform entering into deep waters, and the advancement of financial market liberalization and interest rate marketization increasingly, the fluctuation of market interest rate are more frequent relatively, so as to make the financing leasing facing the increasing interest rate risk exposure. However, due to the restriction of various factors, so far, our country finance lease company still lacks an effective strategy to measure and manage interest rate risk.This paper analyzes and studies how to measure and manage interest rate risk faced by financial leasing industry in our country from the perspective of financial leasing company(the lessor). First of all, starting from the development present situation of financial leas ing industry in our country, this paper analyzes the interest rate risk faced by financing lease companies and its characteristics in detail, and points out some main problems in the interest rate risk management of financing lease companies; Then on the basis of previous analysis, this thesis analyzes and evaluates methods of interest rate risk measurement and management widely used by financial leasing industry, such as the method of Zero Interest Rate Sensitivity Gap, Duration Model, the Va R model and the method of derivative financial instruments, and through the comparative analysis, it is concluded that the use of Duration Model is the most suitable for the interest rate risk measurement of financing leasing to our country present stage; Finally, on the basis of theoretical analysis, this paper analyzes empirically the interest rate risk faced by C hina financial leasing Group Limited, and combined with the results of empirical analysis, puts forward some countermeasures and the suggestions about how to manage the interest rate risk of financial leasing companies, such as risk prevention, risk transfers, risk dispersion and risk compensation, etc.