Research On Liquidity Management Of ZX Financial Leasing Co,Ltd.

Considering the particularity of financial leasing industry’s business and the inherent disadvantage of mismatching assets and liabilities,the phenomenon of "short-term borrowing used for long-term loan" is more obvious.Since the second half of 2017,the"de-leverage and risk control" of the financial industry has weakened the overall liquidity of the market,and the liquidity security of financial leasing industry has been greatly impacted.In addition;,at the beginning of the establishment of CBIRC in 2018,it issued"The manual liquidity risk management measures for Commercial bank" require higher supervision for liquidity risk of financial leasing industry.The combination of internal and external factors makes the liquidity pressure of financial leasing companies increase year by year.Starting with the relevant theory of liquidity management,and combing the rigid requirements of supervision on liquidity,this paper finds out the fundamental and key influencing factors of liquidity risk.Through reviewing relevant literature,combing with the advanced experience of financial institutions such as commercial banks,this paper analyses the current status and problems of ZX Financial Leasing,from the qualitative and quantitative perspectives,and the internal and external causes of liquidity risk.We built a stress test system based on three key factors:rent recycling rate,financing renewal rate and unused credit amount,and analyzed the liquidity risk resilience of extreme conditions.Finally,from the perspective of regulation establishment,financing new products,and capital trends,it proposes how to improve the liquidity management of ZX Financial Leasing,to improve the liquidity risk resilience of ZX Financial Leasing.Based on the research of liquidity risk management of ZX financial leasing company and the advanced management experience of domestic and foreign businesses,this paper constructs a stress testing system suitable for financial leasing companies of which indicators take into account the credit risk,interest rate risk,reputation risk and operational risk.It is more relevant to the actual operation of financial leasing companies,it can be used as reference for the liquidity management of other financial leasing companies,and other non-bank financial institutions such as factoring or trust.A certain reference to strengthen its liquidity management level has certain theoretical and practical significance.