Financial leasing companies are general enterprises, and the regulatory authority is the Ministry of Commerce. Financial leasing companies hold financial licenses and are financial institutions, and the regulatory authority is the China Banking Regulatory Commission. Financial leasing can absorb shareholder deposits, engage in securities investment, inter-bank lending, issue financial bonds and asset securitization products, etc., and is subject to financial supervision similar to bank standards. As a "new force" in serving the real economy, how do financial leasing companies and financial leasing companies support the development of the real economy? With the implementation of relevant policies and measures, what is the future development of the leasing industry?
Serving the national strategy
Supporting small and micro enterprises
The leasing industry started late in my country, but it has unique advantages in serving the real economy: First, " Reality". Every business must have the real existence of the leased property, eliminating the risk of being separated from the real economy and going its own way; the second is "nearness". Carry out leasing business directly to physical enterprises, convert all funds into equipment and facilities required by enterprises, and play the role of a direct pipeline for capital; the third is "widening". In terms of service targets, there are both large and medium-sized enterprises as well as small and micro enterprises. It includes both the state-owned economy and a large number of private enterprises; the fourth is "living". Compared with credit products, it focuses more on examining the company's operating capabilities, future profitability and the versatility of the leased property. At the same time, according to the different situations of customers, we design business structures that meet actual needs to solve the financing problems of the real economy to the greatest extent.
It is understood that for some high-end manufacturing and asset-intensive industries such as aircraft, ships, communications, and machinery and equipment, many companies have to face the constraints of expensive asset values ??and high corporate capital pressure. Taking the aircraft field as an example, about 65% of the aircraft in my country's civil aviation industry are introduced through leasing, and the vast majority of them come from foreign leasing companies. The development of my country's leasing industry has broken the monopoly of foreign leasing companies and enhanced the independent development capabilities of my country's aviation industry. At the same time, leasing can also support the development, production and sales of domestically produced large aircraft, further enhancing the autonomy of my country's aviation industry.
In terms of facilitating financing for small and micro enterprises, when small businesses want to use equipment but cannot afford it, the leasing company can pay for it and then rent it to the enterprise. Leasing can be designed according to the needs of enterprises through the combination of leasing, credit, factoring and other products to maximize the convenience of financing for small and micro enterprises, reduce the occupation of enterprise funds, and reduce financing costs.
In terms of serving enterprises to "go global", leasing can provide enterprises with more personalized financial services and create an overseas development model of "Made in China + China Financial Leasing", that is, leasing companies purchase products from China and rent them. To foreign companies, open up the international market and serve as a pioneer for China's high-end equipment manufacturing industry to "go global." In terms of imports, the leasing industry can also directly boost imports through purchasing from abroad and play a role in balancing international trade.
Optimizing the industrial structure
Eliminating the impact of cycles
In the process of the country's promotion of reform and structural adjustment, the elimination of backward production capacity and the upgrading of technical equipment have Requires substantial capital investment. These capital needs can be effectively solved through leasing.
On the one hand, the leasing industry, especially financial leasing, strictly formulates investment directions in accordance with national industrial policies, and can focus on supporting advanced, high-end industries and strategic industries supported by the state, thereby continuing to promote the structural optimization of the entire macro economy; on the other hand, On the one hand, financial leasing can promote international production capacity cooperation, stabilize economic operations, and resolve systemic risks.
Since the leasing industry operates counter to the economic cycle, buying assets when prices are low and transferring them out when prices are high, it can also act as a "reservoir" for the real economy to a certain extent, effectively smoothing the economy. The impact of cycles on real industries helps companies avoid blind expansion when the industry cycle is up and tide over difficulties when the industry cycle is down.
In terms of assisting emerging industries and improving people's livelihood, the leasing industry can provide financial support in many fields such as subway and light rail, green buses, sewage treatment, energy-saving power generation, education, medical care, culture and entertainment, and revitalize existing stock assets. Effectively alleviate the pressure on local government fiscal expenditures, improve infrastructure, and effectively improve people's living standards.
Judging from foreign situations, the leasing industry has a relatively mature model in the West, but my country's financial leasing industry still has a long way to go in terms of internationalization and specialization. In the future, my country's leasing industry will play a more important role in social financing.
First, with the overall advancement of financial reform, the improvement of supporting policies, and the relaxation of access conditions, more and more social investment entities have entered the leasing industry, which will greatly increase the proportion of financial leasing in the total financing of the whole society; Second, it will play a more obvious role in my country's economic transformation and upgrading, becoming an effective financial tool for implementing national strategies and macro-control, and supporting the country's large aircraft strategy, manufacturing power strategy, ocean strategy, emerging industry strategy, and urbanization strategy. The role will be further deepened; third, it will leverage its advantages of being close to the real economy and relatively flexible and convenient to organically complement other financial businesses such as credit, funds, insurance, and asset management, and create various combination products through innovation to further enrich financial products and services. chain to better meet the diversified financial needs of customers.