| Financial leasing is a kind of financial activity that has the both functions of financing capitals and financing goods.It plays an indispensable role in modern economic activities.In recent years,the financial leasing industry has also developed rapidly in China.However,the phenomena of emphasizing on expanding business and financing capitals but neglecting management and financing goods has led to fierce homogeneous competition in financial leasing companies.Under the circumstances of the current complex domestic and international economic,financing,regulatory environments,financial leasing companies in free trade zones are also allowed to engage in both commercial factoring business,resulting in generally the risk management of many financial leasing companies cannot keep up with their business development.In order to effectively prevent and control the various risks faced by the financing leasing companies and to achieve sustainable development of the industry,improve the risk management,the improvement of the risk management of financial leasing is essential for the single company,the whole industry as well as the sustainable development of the financial industryThis paper first introduces the model of financial leasing business and commercial factoring business developed by financial leasing companies,analyzes its business characteristics and identifies the risks these companies face,and expounds the applicability of CAMELS rating system in analyzing the risk evaluation of financial leasing companies.The focus of this paper is on the six dimensions of CAMELS rating system,which includes capital adequacy(C),assets(A),management capability(M),earnings(E),liquidity(L),and sensitivity(S),which is taken as the basis for analytical research.Based on The business characteristics of the financial leasing company,the author increased the calculation indicators in the rich dimension,such as increasing the current ratio,asset impairment provision balance,etc.and adjusted the CAMELS rating system by increasing or decreasing the number of indicators and assigning weights to each indicator and dimension.In doing so,theCAMELS indicator system can better reflect the risk identification and analysis of financial leasing companies,and can be compatible with the risk management of financial leasing companies.Secondly,through empirical analysis of the model of financial leasing and commercial factoring business carried out by financial leasing company C,the author identified the main risks faced by Company C and evaluated the risk level in each dimension and comprehensive risk evaluation level of the company by putting the company’s operation data into adjusted CAMELS assessment system so that the author could identify the weaknesses and priorities of risk management.Thirdly,through the analysis of CAMELS rating system and the risk management problems faced by financial leasing company C,the author proposes to establish a risk management system,such as: setting up internal audit department,improving a three-level risk prevention and control system,that is,pre-lease/loan,in-lease/loan,and post-lease/loan,to prevent compliance risks;establishing an asset management department to take charge of risk management in corporate lease and loan,managing credit risk,strategic risk and leasehold risk in depth;establishing project risk factors and lessees database to deal with the credit risk faced by the company’s business;achieving the integration of business and finance and building the "JIT model" of capital supply and demand to meet liquidity risk and market risk;optimizing the performance appraisal system to prevent the operational risk of the business process and the company’s strategic risk. |
