Research on Finical Leasing Project Risk Management of ZhenXing ...

Abstract

With the macro-control from state, the difficulty in financing has become one ofthe main factors restricting the development of enterprises, especially forSMEs. Beginning with2004, China Great Wall Asset Management Corporation relieson the business platform of Xinjiang Great Wall Leasing Co, Ltd. preparing thefinance leasing business. The business formally launched in2008. China Great WallAsset Management Company carries out financial leasing business primarily tosupport technological transformation and equipment renewal, providing financialsupport for various types of production enterprises. Conduct of business provides aconvenient financing channel for enterprises other than bank mortgage, and properlyresolves the difficulty in corporate finance. However, with the business going on, thepotential risk of the leasing business is gradually exposed. How to discover thepotential risks before the implementation of the project, to avoid that the lessee areunable to pay rent which causes the company?s losses, and how to take effective riskcontrol measures to prevent risks become a major problem faced by the projectmanager.This article takes Zhenxing native Co, Ltd?s finance lease projects for example.By risk identification, analysis, and risk control for the finance lease project, riskcontrol on the Zhenxing native Co, Ltd finance lease project is studied. Because thefinancial leasing business has the financial and industrial characteristics, its riskfactors commonly found in the whole process of operation of the project. Therefore,characteristics of the leasing business, identification of the potential risk, and establish a sound system of risk identification, risk control for finance lease projectrisk control takes an important role. In an accordance with the analysis above, inaccordance with the identify problems, analyze problems, solutions to those problemsto start the whole process of the Zhenxing native Co, Ltd?s leasing project riskmanagement study. The article first provides a brief introduction to the Zhenxingnative Co, Ltd?s lease project, including Zhenxing native Co, Ltd?s businessbackground, product, market conditions, as well as the need of outside finance. Theproject team makes a comprehensive survey into the enterprise. By the use of thefinancial statements of project management, risk identification method, on-siteobservation, environmental analysis and other methods, the project team effectivelyrecognizes the potential risks for Zhenxing native Co, Ltd?s lease project and finds sixpotential risk factors such as exchange rate risk, management risk existing in therunning of the project. The article analyzes and forecast the consequences of thepotential risks which have been found by the use of project management methods.Then the article evaluates the possible consequences of various risk factors, riskprobability and loss severity. On the basis of full analysis and evaluation of riskfactors, the article proposed policies and measures for the six risk factors of theZhenxing native Co, Ltd?s lease project, and provides a good reference for thelaunching of finance leasing business.Research in this article makes a foundation for the formal implementation of theZhenxing native Co, Ltd?s finance lease project, and it also provides a certain amountof reference for China Great Wall Asset Management Corporation to carry out similarprojects, which benefits corporate finance leasing business further development.

URL:http://www.bankthesis.com/online-banking/042139771/

Source: http://www.bankthesis.com/online-banking/042139771/

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