Research On Financial Risk Management Of RX Financial Leasing Company

In the new era,the financial leasing industry has developed spurt.By the end of 2017,China's financial leasing companies reached 9,100,with total assets of approximately 2,153.8 billion yuan.However,at the same time of rapid development,there have been many difficulties.The past facts prove that the lack of risk management of financial leasing companies makes it difficult to recover leased assets and frequent bad debts.In addition,the top-level policies promulgated by the government cannot adapt to the rapid pace of development of the industry.The supervision is not strict and there are no problems with complaints.Enterprises blindly pursue performance and ignore risks.Especially in the 2018 trade war,many foreign trade enterprises closed down,which directly led to the overdue rent of financial leasing companies,and the development prospects of the industry were worrying.Under this circumstance,the ability of financial leasing companies to improve their financial risk identification and control plays an important role in their development and operation and long-term planning.On the one hand,it can unblock the development direction of the financial leasing industry,and promote financial leasing to play its due role in China.On the other hand,it can urge financial leasing companies to focus on risks and pursue business performance with risk-oriented.Financial risk is a risk that an enterprise will encounter in the process of financing,operation,investment,etc.The level of financial risk directly affects the survival of the enterprise.This paper takes the unique risks of financial leasing enterprises as the starting point.Firstly,it analyzes the risks currently faced by financial leasing companies,analyzes the causes of the risks,and then takes a new three-board listed company as an example.Since the company listed in the new three boards in 2014,After receiving the suspension notice issued by Shanghai Securities Co.,the rent was overdue and there was a large loss in 2017,which basically covered all the problems faced by China's small and medium-sized financial leasing companies.In the case analysis process,the article analyzes the potential risks of each business link according to RX's business flow chart through qualitative analysis method,finds the possible risk causes of RX leasing company according to the risk control point and provides for the financial risk control.Theoretical basis.After quantitative analysis,the Z-Score model was introduced to diagnose the financial risks,the financial risks of the company were identified,and the company's financial risk identification and cause analysis were carried out in terms of the company's net cash flow and financial ratio.Finally,in accordance with the existing problems of the company,the relevant management measures are proposed according to the author's existing materials.