Research On Liquidity Risk Management Of HT Financial Leasing Co.,Ltd.

As an investment and financing method closely combined with the real economy,financial leasing is a powerful means to promote industrial innovation and upgrading,drive the development of emerging industries,and promote social investment and economic structure adjustment.At the same time,the development path of the financial leasing industry is clear,that is providing support for the revitalization of the stock assets of the real economy,the updating of manufacturing technology and the optimization of production capacity structure,which also conforms to the guiding spirit of the National Financial Work Conference and the report of the 19th National Congress of the Communist Party of China.With the rapid development of the industry,we still need to note that,compared with developed economies,China’s financial leasing industry started late.Due to different national conditions and markets,China’s financial leasing companies have less experience for reference,the fine management is insufficient and the development quality needs to be improved.At the same time,the liquidity risk management models and processes of financial leasing companies are still mostly borrowed from commercial banks,but different business models are not universally applicable to many regulatory requirements,so the regulatory policies based on financial leasing companies are still not perfect.In recent years,the interest rate has risen significantly under the combined influence of the prudent and tight monetary policy,the continuous promotion of financial deleveraging policy and the Federal Reserve’s interest rate hike.In the future,on the basis of deleveraging the financial system and preventing risks,liquidity will still show a tightening state,but there won’t be an overly nervous market environment,for financial leasing companies,establishing and improving liquidity risk screening,control and prevention mechanisms,improving internal liquidity risk management systems,and strengthening risk identification and detection capabilities of leasing projects will be an important direction for the development of the leasing industry in the future.This paper takes HT Financial Leasing Company(hereinafter referred to as "HT Financial Leasing" or "The Company"),where the author works,as a practical case study to analyze the reasons for possible liquidity risks.This article from the domestic and foreign financial leasing company liquidity risk management of related theory,through liquidity risk index and pressure test and model analysis method to analyze the HT gold rent liquidity risk level of the status quo,found that on the premise of risk slow-release measures are not taken to,when the company has sufficient funds in the third quarter,the shortest life cycle is one month.Thus,the rent recovery rate has a significant impact on liquidity risk.According to the related liquidity index level analysis of HT Financial Leasing company,the possible incentives for liquidity risks are obtained.Due to the characteristics of the industry,the phenomenon of "short loan but long use" is very common,the maturity mismatch of assets and liabilities is severe,and the financing channel mainly depends on bank financing,thus the single source of capital is also the potential cause of liquidity risk.In addition,HT’s liquidity management system also has deficiencies.The coordination function of key departments needs to be further improved.There are also problems such as inadequate liquidity risk monitoring and lack of information platform related to liquidity management.According to the above analysis,the company should set up a policy research department to analyze the current macro situation and financial market conditions.The department should discuss with the planning operation department to adjust the financing strategy and financing structure of the company,collect the asset preference of each bank,use its assets reasonably for refinancing,reduce the dependence on inter-bank borrowing,and reduce the mismatch degree of the maturity of assets and liabilities.Finally,HT Financial Leasing company should continue to optimize its own liquidity management system and realize dynamic monitoring of liquidity risks with multiple indicators,to help HT increase liquidity risk aversion ability,and strengthen fund position management,so as to avoid capital gap and other crises due to insufficient liquidity.Furthermore,in order to provide theoretical support for avoiding systemic liquidity risks in the industry.It is hoped that the discussion of this paper will contribute new ideas for the development of the domestic finance leasing industry at present.