Investigation On The Specializing Business Management Of Financial Leasing Companies

Financial lease has become a new financing tool integrated with financial、trade and service, a combination of financing and melting functions, playing an important role in promoting the combination of industry and finance and real service of entity economy etc. Besides the introduction of preferential policies encouraging the development leasing industry and favorable growth environment in various regions, China’s leasing industry has seen explosive development. A variety of financial leasing company growth up like bamboo shoots after a spring rain, and the size of lease has boomed.However, China’s financial leasing industry is still in the early development of the industry, prevailingly with low professional level, lack of long-term development strategy, unclear industry positioning, excessive involvement in the industry, and inadequate market segmentation appearances. Financial leasing company’s lease is mainly similar as the credit leaseback business, and incur low proportion of operating lease business which is with high degree of specialization. The transaction side usually operates financing lease business as loan business, ignoring the characteristics of leasehold and the management of leasing asset, therefore results in most financial leasing companies forming the “false lease, real loan” in their business operations. In addition, because of the simple and extensive industry growth pattern, the blindly pursuing scale of business and high rank of registered capital, and lack of innovation, lead to the fierce competition inter industry, reduced income level and increasing the project risk. Even more cause directly the lack of professional, differential, and characteristic internationally renowned financial leasing companies.With the change of China’s financial leasing industry business environment and homogenization competition intensified, more and more finance leasing companies realize the development of the company must be based on their own characteristics and advantage field, relying on conditions as products and service、talent structure、shareholder’s background and strength、client base, ect., to innovate leasing products、divide market、identify market position、choose the right industry and field、play the flexible advantage of lease、design the unique leasing products、 provide specialized and differentiated financial services、establish company’s core competitiveness and relative competitive advantage, and take a professional and characteristics development path.Learning the successful experience of specialized operation of financial leasing companies from developed countries, part of China’s financial leasing companies has carried beneficial attempts and explorations on market segmentation and business model specialization, and has emerged in the industry and played a leading and exemplary role.At present, the harmonious and stable、secure and efficient political、social、cultural and technical domestic environment, and broad prospect for the industry environment are very conducive to healthy、sustainable、efficient、and rapid development of financial leasing industry. China’s relevant departments in legal、 accounting、taxation and regulation formulated and introduced corresponding positive policies to lay a good policy and law environment for the financial leasing industry’s development towards the direction of professional 、 differential 、 characteristic 、 scale 、 and with core competitiveness. To adapt the development of modern enterprise and the requirement of marketing economy, and in order to form the core competitiveness and to the professional and differential development, financial leasing companies themselves have laid a solid foundation on standardizing corporate governance mechanism、formulating long-term development planning 、 expanding financing channels 、developing marketing customers、reserving and training professional talents, etc.In deepening the reform’s economic transition strategic period, facing the new situation and opportunity, in an attempt for China’s financial leasing industry to give full play to the advantages of financial matter and better service for the real economy, a favorable external developing environment could be created, such as: improve and formulate policies encouraging specialized operation in legal、accounting、taxation、supervision etc.;increase financial support for professional management of leasing companies; improve the financial leasing property rights registration system and accelerate the construction of social credit system; improve second-hand equipment trading market and rental assets trading market and other infrastructure constructions; increase the training of professional talents; scientifically formulate long-termdevelopment strategy based on own strength and shareholder advantage, and identify the market position、determine the direction of development of the industry; build and improve comprehensive risk management control system and enhance the level of risk management; adjust business structure and increase proportion of operating lease; encourage the development of vendor leasing; strengthen the operation and management of leasing asset; expedite the development of international business etc. These can be promote the development of financial leasing companies to specialization、differentiation、characteristics and internationalization.