Research About The Influencing Factors Of Financial Leasing Based On The Overcapacity In Mechanical Engineering Industry

Overcapacity has been a major problem in Chinese economic development,overcapacity industry from the traditional industry spreads to other all sectors of manufacturing,"reduce inventory" is the national task in this year and is also one of the key tasks,Especially the real estate industry,which has become a major obstacle of Chinese economic development.At the same time,financial leasing industry in China is in full swing since 2007.It can be said that the number of leasing companies increases in an exponential growth and financial leasing turnover is also rapid growth.Supply side structural reform,industry transformation and upgrading,"along the way","going out" strategy to promote excess capacity enterprises out of the woods has played a positive role.Only by changing the mode of development to high-tech industry,industry Development by innovation-driven way,enterprise transformation and upgrading can get rid of the current predicament.Construction machinery industry is no exception.Overcapacity has been the most worried problem.And the measure of excess capacity is no official statistics,but it does not affect to judge the construction machinery industry overcapacity situation.The domestic financial leasing market gradually developed when the government carried out financial leasing business to increase support enterprises,supervision is also gradually liberalized.Issued in 2004,"the Ministry of Commerce,the State Administration of Taxation on the financial leasing business-related issues Notice","on the confirmation of Wanxiang Leasing Co.,Ltd.and other enterprises as a pilot financial leasing enterprises notice "clearly stipulates the conditions for the establishment of financial leasing companies and regulatory responsibilities and so on.Subsequently,construction machinery companies began to follow the United States Caterpillar's development approach.In their own way to accept financial leasing,and gradually began to invest in the establishment of financial leasing subsidiaries to help enterprises sell products.The rapid development of the rental industry for the construction machinery industry to increase the financing channels,but also increased the sales channels of construction machinery enterprises.But in the context of overcapacity,the construction machinery industry should avoid blindly follow the market which the financial leasing has not been rationally used.Making the industry's overcapacity more seriously,and to achieve their own transformation and upgrading is the construction machinery enterprises' main aims.The first.chapter focuses on the research background,the research significance,the domestic and foreign literature review,the research method,the innovation and the insufficiency,the article writing thought and the key.The second chapter has summarized domestic overcapacity and foreign overcapacity and finance leasing theory.The third chapter describes the current situation of domestic and international financial leasing development,the development status of financial leasing in construction machinery industry,the overcapacity of domestic industry and the overcapacity of construction machinery industry.The fourth chapter uses empirical analysis method to analyze the construction machinery industry.The paper analyzes the influential factors of decision to lease assets in a financial way.And add the excess capacity as one of the influencing factors to explore the factors that influence the decision of leasing assets by financial leasing.Draw the conclusion that overcapacity is the main reason for adopting finance lease possibility in a negative way.The fifth chapter based on the theoretical and empirical conclusions suggests how the construction machinery enterprises ease the state of excess capacity to help finance leasing develop rapidly and how the government supervises and guides the development of financial leasing industry.At present,the research on the finance leasing industry does not combine the development of finance leasing in the industry with the national conditions of overcapacity.The innovation of this paper is to combine the overcapacity with the rapid development of finance leasing in engineering machinery industry.But also add the overcapacity as an factor to affect the construction machinery business to make financial leasing decisions,stressed that the financial leasing can promote the development of construction machinery industry at the same time.Excess capacity at the same time is a big risk when financial leasing industry develops quickly.The key factor is whether the construction machinery business can reasonably use the financial leasing way to drive their development and transformation to alleviate the current excess capacity problem.The shortcomings of this paper are that because the way to get information on financial leasing is only limited to literature and network,so the demonstration point of view may be inadequate and not deep enough,and the results of empirical research in this paper can support the view of this paper under the 10%significance level.