Research On Credit Risk Evaluation Of Financial Leasing Lessee In Chemical Manufacturing Industry

In the context of the new normal of macroeconomics,the chemical manufacturing industry is facing serious challenges.Under the constraints of declining efficiency,overcapacity,rising costs,insufficient technology and resource and environment,the chemical industry must be based on the adjustment of industrial structure in the future.At present,the party and the state will also adjust the industrial structure of the chemical manufacturing industry,enhance the scientific and technological strength,and the survival of the fittest as the focus of future regulation.In order to achieve these regulatory tasks,a large amount of capital investment is essential.After years of development in China,financial leasing can not only finance but also melt things,which is conducive to alleviating the problems of "financing difficulties" and "funding expensive" faced by enterprises,contributing to enterprises' investment in equipment and driving industrial upgrading of chemical manufacturing industry."Made in China 2025"(Guo Fa[2015]No.28)proposed to encourage enterprises to carry out pilot projects of integration of industry and finance,and promote industrial upgrading of manufacturing industry through financial leasing.Since 2018,the regulatory authorities have comprehensively strengthened the management of the leasing industry.The stricter regulatory policy,while purifying the industrial environment,also puts demands on the business risk control of financial leasing companies.For a financial leasing company,the biggest risk lies in the default risk of the lessee,that is,the credit risk of the lessee,which directly affects the operation and survival of the company.Therefore,financial leasing companies need to focus on the credit risk of the lessee.Therefore,how to identify the credit risk of the lessee is an urgent problem to be solved.However,at present,financial leasing companies are not scientific enough to identify the credit risk of the lessee.They mainly use extensive risk identification methods and rely on the subjective judgment of employees to identify risks and not adapt to the current market environment.Therefore,the research question in this paper is:From the perspective of financial leasing companies,how to establish a set of credit risk evaluation system for chemical industry finance leasing tenants that is suitable for the current market environment?Research status and research conclusions:The existing research mainly focuses on the risk control and management of the leasing business,while the related research on the credit risk evaluation of the financial leasing financial leasing lessee is less,and the existing credit risk measurement means or operation is complicated.High cost,or credit risk measurement model does not apply to non-financial companies.In this context,this paper refers to the commercial bank's credit risk assessment method for customers,and identifies the credit risk of the chemical manufacturing lessee from the two perspectives of the lessee's performance willingness and performance capability,combined with the factors causing the credit risk of the chemical manufacturing lessee.The analysis method establishes a set of credit risk assessment system suitable for financial leasers of chemical manufacturing,and validates the effectiveness of the credit risk assessment system with specific cases.The financial leasing company uses the credit risk assessment system to accurately identify the default behavior of the chemical manufacturing lessee in advance,reduce the loss of the financial leasing company,and promote the steady development of the financial leasing industry.Research value:This paper studies the credit risk assessment of the lessee,which helps to find a suitable method for the financial leasing company to evaluate the credit risk of the lessee in the context of stricter financing supervision,increased financing costs and economic downturn.This paper proposes suggestions for the tenant's credit risk from four aspects:pre-lease risk aversion,improvement of credit risk assessment model,development of specialized business roads and improvement of tenant credit database,and contributes to the financial leasing company's reduction of the lessee's credit risk from the source.To facilitate the healthy development of the financial leasing industry.