Discussion Of Financial Effect Of Securitization Of Leasing Asset Of CATIC International Leasing Co., Ltd.

At the beginning of the reform and opening up,China introduced the financial leasing mode from the developed market economy countries to develop new channels of utilizing foreign capital,thus enhancing the technical and economic exchanges between countries.Development so far,the financial leasing industry in asset management,improve investment and financing and improve sales and so has its unique advantages for China's economic development has provided a strong impetus.However,the financing channels of finance leasing are relatively simple,mainly for bank borrowing,and the registered capital also limits the development of the business.In addition,the asymmetric asset-liability structure of "short-term liabilities to support long-term assets" has greatly affected its development.Therefore,China's financial leasing industry is an urgent need to find a suitable way of financing.In general,leasing claims are in the form of most of the assets of a leasing company.If the leasing company to securitize it,issue its-based leasing securities,sell these securities to investors,thus solving the financial problems.In fact,this is a kind of asset-oriented financing,which uses leasing assets in the future to carry out financing,which not only to recover long-term debt ahead of time,while the liquidity of the capital has improved.Leasing asset securitization can better solve the financial difficulties of leasing companies,finance companies to bring a good financial effect.This paper takes the financial effect of securitization of leasing assets as the research object,which is divided into four major components.In the first part,the author introduces the theory of securitization of leased assets,including the definition of asset securitization,the definition and advantages of leased asset securitization,the transaction process and operation mechanism of leased asset securitization,At the same time,it explains the financial effect of securitization of leased asset,including the concept of financial effect and the index of financial effect.Secondly,taking CATIC International Leasing Co.,Ltd.as an example,this paper analyzes the special asset management plan of CATIC Leasing Assets Revenue.First of all,the basic situation of China Aviation International Leasing Co.,Ltd.is briefly introduced,and the existing financing channels of the company are analyzed and expounded to reveal the financing dilemma faced by the company.This paper mainly analyzes and evaluates the main steps of the "CAAC Lease Asset Specific Income Management Plan",including the transaction process and the product profiles of CATIC International Leasing Co.,Ltd.,Analyzes and summarizes the financial effects of the leasing asset securitization of CATIC International Leasing Co.,Ltd.In the third part,the paper analyzes the financial effect of the leasing asset securitization of CATIC International Leasing Co.,Ltd,and chooses several financial indexes from the four aspects of profitability,solvency,operating ability and financing cost.The fourth part of this article is based on China Aviation International Leasing Co.,Ltd.to implement the "China Aviation Leasing Asset Specific Income Support Asset Management Plan," the process and the financial effects of experience,and other leasing companies in China to provide asset securitization Enlightenment and experience.This paper argues that China's financial leasing industry has an increasing influence on China's economy.In order to better play a positive role in the financial leasing industry's economic development,it is particularly important to create better financing channels and capital management for leasing companies.The leasing of asset securitization as a new type of financing for China's financing difficulties facing the financial leasing industry has opened up a new road.If you want to take capital securitization to grasp the capital market,and get a more long-term and stable low-cost sources of funding,we must create a legal system with our country and the core of asset securitization of the standardization of asset securitization model.China's asset securitization has been developed for nearly ten years,but due to the legal system and the related investment environment,the asset-backed securitization products of our country are relatively low in scale,and their proportion in China's capital market So it is very difficult to analyze the effect of securitization products on reducing financing costs and increasing investor wealth through empirical tests.And the research on leasing asset securitization is even less.The innovation of this paper is that it explains the specific operation of leasing assets,and analyzes the financial effect of leasing asset securitization,and leases the assets of China's finance leasing industry.Securitization has produced a more important reference.The shortcomings of this paper is that the statistical analysis of specific data is less and can not use empirical analysis.