Research On China's Financial Leasing Asset Secularization

Financial leasing originated in the United States in the mid-20 th century.With continuous development,it has occupied one-third of the market share of financial markets in developed countries.In China,along with the development of C hina's reform and opening up,financial leasing has also complemented it.It began to sprout in the 1980 s and began to develop rapidly,which played an important role in promoting C hina's economic development.The development of financial leasing business can stimulate market vitality,accelerate the growth of investment and consumption,and expand domes tic demand.While the financial leasing business continues to grow and develop,the financial leasing industry is also facing the problem of restricting its further development –a single financing channel.This has become the biggest obstacle to the booming of the financial leasing industry.Therefore,in order to promote the stable and sustainable development of the financial leasing industry,it is necessary to establish a healthy and efficient and sustainable financing channel.The emergence of asset securitization business has provided new ideas for solving this problem,and it is expected to break the financing difficulties of the financial leasing industry.Financial leasing claims have a stable cash flow,and the advantages of low cash flow and high single amount make it easier to issue asset securitization products when they are used as the underlying assets of asset securitization.As an innovative way of raising funds,asset securitization can avoid some of the drawbacks of the traditional methods,such as lower credit rating requirements and lower capital costs,and this financing method is for enterprises that want to achieve “risk out”.More attractive.In recent years,the state has introduced various policies to vigorously promote the securitiza tion of financial leasing assets.Its proportion in the products of enterprise asset securitization has been increasing,and it has gradually become a mainstream product,which has great development potential and research significance.In this context,this paper chooses the enterprise asset-backed securities-"Shiqiao Leasing Phase 5 Asset Support Special Plan" as the case study object,which is special in the accounting of the realization of some assets.After understanding the related concept theories s uch as asset securitization and financial leasing,this paper introduces all aspects of the lion bridge asset securitization products,including the basic conditions of the basic assets,the credit enhancement methods adopted,and product design.It also focuses on the reasons for product issuance,the risks of products,possible problems,and the effect of asset securitization,so as to draw the research results and propose relevant policy recommendations,aiming to issue asset support for other leasing co mpanies.Provide reference when securities are available.