Research On Credit Risk Management Of Y Company's Airport Financial Leasing Business

Financial leasing is a modern type of lease in which a lessor purchases a asset that the lessee selects,and charges rental for the use of that asset during the lease term.When the lease term expires,both sides will negotiate the ownership of that asset based on their lease contract beforehand.Financial leasing originated in the United States after World War II.At present,it is the world's second-large financing method after bank credit in European and US.Financial leasing was introduced into China since 1980 s.It has experienced initial development,mediumterm risk outbreak and High-speed Development after System Improvement since 2000.By the end of 2018,the balance of financial leasing contracts in China had exceeded RMB6.5 trillion,11,565 companies engaged in financial leasing industry,including bank leasing companies,domestic leasing companies and foreign leasing companies.Financial leasing plays an important role in the process of China's economy changing from pursuing quantitative growth to pursuing high-quality growth process.On the other hand,with China's sustained economic development,transformation and upgrading of China's economy,there is still much room and necessity for improving air transport.Civil aviation airport construction is still affected by many factors,such as heavy investment tasks,large capital demand,financing problems and so on.As one of the important sources of funds for the development of substantial economy,financial leasing companies have the ability and willingness to expand the service at civil airport construction.Therefore,it is very necessary to implement the research on the application and credit risk management of financial leasing in civil airport construction.This paper explains the related theory of credit risk management of financial leasing firstly;then takes the present situation of credit risk management as the research object,which is carried out by Y Company's airport financial leasing business is taken as the research object.Find out the problems in the existing management system and put forward proposals for improvement.Finally,applies qualitative and quantitative analysis methods,integrating 5C(Character,Capacity,Capital,Collateral,Condition)Analysis and Delphi Method with the E Airport Group leasing case to realize a scientific outcome.It identifies the credit risk of the lessee,testing the effectiveness of the credit risk management proposals presented in this paper.The proposals provides practical guidance for the credit risk management decision-making of Y company in the expansion of financing lease business at Civil Airport.It is expected to provide some reference for other leasing companies in Civil Airport's credit risk management.