In today, in fact, any kind of financial products, the new creation of any kind of products are the result of a variety of financial mechanisms, then the same in many of which can not be separated from the financing lease. Of course, financing lease go down also need other financial mechanisms to support, if our economy is similar to the Western defects, financial leasing is an important channel to solve.
Difficulties in the development of financial leasing market
The first difficulty lies in the idea. Our economy has been developing very fast since 80s, and 30 years have made the world a miracle, but in the last 30 years, we mainly rely on the promotion of the industrial economy. This industrial economy needs a lot of investment, the need to establish a new balance sheet system, the formation of a concept, regardless of the size of each enterprise to occupy the number of assets to measure. For example, the enterprise registered assets of 50 million yuan, and then through a variety of ways to come in 150 million yuan, together is the size of 200 million yuan of assets. So that when we are in the division of small businesses, small businesses, small and medium enterprises, large enterprises have an indicator that the number of assets. Of course, there are many countries in foreign countries are not in accordance with this division, such as in accordance with the sales division, etc.. Possession of the assets to maximize the actual assets of all the risks are back to the enterprise.
For economic entities, it is important not to occupy the assets, but in the management of assets. Assets can be others, on the balance sheet of others, but the assets in my hand, the risk of the people to solve, and the benefits from me to get. So it is necessary to change the concept, from the original possession of assets transferred to the management of assets, or the maximum use of assets. We now have a lot of business with the western countries, companies are similar to the high leverage, high debt status. Many of us are called financing difficulties, but also to continue to be in debt, borrow money also want to borrow. But if you can turn the way through the path of financial leasing, to achieve the maximization of asset management. Asset management is a set of financial concepts, in the financial sector is better used in the western commercial banks and investment banks. Financial leasing market is actually in the promotion of people's understanding of the fundamental changes in the concept of assets.
The second difficulty is about shadow banking. The word "shadow banking" came from the United States, and in this crisis. The United States legal philosophy is the legal provisions can not do, if you do call the law, in addition to doing things are legitimate, so they only the concept of law. The provisions in China law do you do is illegal, the law you can do something you do is legal, the law does not require this thing can do it if you do not agree with the government is illegal. China has an illegal space, we use this concept to understand the shadow banking family, of course, in this round of crisis in the United States in the world, there are a lot of people pointing to the shadow banking, American money market, the introduction of hedge funds, can also be seen despite the 2009 April G20 Summit on the banks to make accusations, but until today the American legal system is not a law prohibiting these institutions do what. What they used to do, what they did today was a legal category in the United States. But China's shadow banking is called an illegal business.
For the things we think, as a financing lease business although it has many involved, but the financing lease business is no regulatory status in the financial leasing company is not China, by the CBRC, financial leasing company is from the supervision of the Ministry of Commerce, so whether regulators are financial or business supervision, all relevant departments in Chinese under the supervision of the government and can not be called shadow banking.
The third difficulty is the market price. Price is not only the concentration of information performance, but also the counterparty of each agency, financial break even, the allocation of funds, the market opportunity to find a vane, a sign. So from the financial leasing market development is concerned, the need for the industry to discuss the financing lease pricing system. In the pricing process to effectively address the various elements of the formation of risk, and then identify the extent of these risks, then the risk of identifying the extent of the basis to discuss the risk of the price, and then evaluation. Therefore, on this basis, it is able to effectively manage the analysis, effective management and analysis to effectively form the price system of our financial leasing.
Suggestions on promoting the development of the financial leasing market
First, deepen the financial leasing market and financial leasing business research, improve financial leasing in the economic and financial functions of the understanding.
Second, to actively promote the construction of the relevant system, improve the financial leasing business activities of the regulatory mechanism and a variety of regulatory methods and so on.
Third, actively promote financial leasing and other activities docking, including the mechanism, price and so on, so that it becomes an important part of the financial structure of the link.
Fourth, through institutional arrangements to solve the diversification of financing lease financing sources, we now have a simple source of funds and so on some of the problems. These are worth discussing.
Fifth, actively promote the implementation of financial leasing services and out of the strategy to expand the space of financial leasing services.