Study On Financial Risk Management Of Shanghai Lanke Financial Leasing Business

Financial leasing appeared in the 1950s.As a kind of financial mode with dual attributes of financing capitals and financing goods,financial leasing has become one of the financing means covering the whole world in a very short period of time because of its advantages such as fast financing speed,few restrictions and low risk of equipment elimination.In recent years,affected by the rapid development of information technology,the rise of Internet industry,policy support for small and medium sized enterprises and other factors,China's financial leasing business has developed in a blowout way,which has gradually become the preferred financing means for small and medium sized enterprises.However,due to the late start of financial leasing compared with other financing means,the relevant laws and policies are not perfect,and the research on financial leasing business is also in the initial stage.Compared with traditional financing institutions,financial leasing companies often need to face more complex financial risks.Shanghai Lanke Financial Leasing Co.,Ltd.is a financial institution whose main business is financial leasing,covering infrastructure,public utilities,polymer materials and other fields.This paper analyzes the process and risk sources of Shanghai Lanke's financial leasing business,and divides the financial risk into two parts: from the lessee and from the supplier based on the information asymmetry theory.Among them,the financial risk factors from the lessee are mainly the lessee's credit awareness,solvency and management of the leased property,while the financial risk factors from the supplier are mainly the supplier's credit awareness,operation ability and after sales service.Based on the analysis of risk composition,the paper sets financial risk evaluation indexes for the two parts of financial risk,normalizes these indexes,and uses multivariate logistic regression model to evaluate and analyze financial risk.On the basis of completing the financial risk evaluation of the two parts,the paper integrates the two parts of financial risk,and obtains the overall evaluation of financial risk of Shanghai Lanke financial leasing business.Combined with the problems in the current financial risk management,this paper analyzes the management organization,credit audit mechanism,control activities,capital structure and financial situation of the enterprise,and puts forward a series of optimization countermeasures for the financial risk management of Shanghai Lanke financial leasing business,so as to reduce the financial risk of financial leasing business.The research results of this paper have practical guidance value for Shanghai Lanke to improve its financial risk management system of financial leasing business.The method of financial risk evaluation,which combines multi variable logistic regression model and single variable model,can ensure the accuracy and efficiency of risk evaluation,and can be used for reference for other domestic enterprises in financial risk management of financial leasing business.