摘要
本文对融资租赁的一般业务模式和应用范围及特点进行了简要介绍,阐述了我国地方融资平台当前的发展状况和面临的巨大资金需求问题,并着重分析了我国的融资租赁公司特别是非银行系的融资租赁公司为我国地方融资平台开展的基础建设项目提供设备融资租赁服务的可行性及意义。同时,文中提出并重点分析了融资租赁公司参与地方融资平台基建项目应该遵循的风险控制原则。通过本文的写作,笔者希望有助于帮助我国的融资租赁公司在保证自身资金安全和不增加金融风险的前提下从地方融资平台的基建项目中获得合理的收益,并对我国融资租赁行业在风险控制和新市场的开拓等方面有一定的启发作用。
笔者在提出了多条在与地方融资平台合作中须遵守的风险控制和项目评估的建议后,又与其实际工作相结合,通过详细描述笔者亲身参与的一家外资融资租赁公司与某地方融资平台成功合作的某供水工程设备租赁项目的细节及其审核、决策的过程,深入浅出地说明了其所提理论在实践当中的运用方法和价值。
在实际案例分析中,笔者使用了会计学中的报表数据分析和公司理财中的未来现金流预测等财务分析工具,较好地将MBA学习生涯中掌握的财务知识运用到了实际工作当中。
通过本文的阐述、分析和例证,笔者认为,在符合风险控制基本原则的前提下,融资租赁模式的引进一方面可以缓解我国地方融资平台在大规模基础建设项目中所面临的巨大资金压力、推动我国城镇化建设的发展,另一方面也丰富和拓展了我国融资租赁公司特别是非银行系的融资租赁公司的服务领域,从而为我国广大融资租赁公司开辟新的租赁市场和利润增长点。因此,我国的融资租赁业与地方融资平台在未来有广阔的合作空间。
关键词:融资租赁;地方融资平台;决策分析
ABSTRACT
This article makes a brief introduction about common operation modes,range ofapplication and features of financial leasing,sets forth the current development statusof Chinese local government platforms as well as their great demand of capital, andalso specially puts stress on analysis of feasibility and significance of Chinesefinancial leasing corporations, especially non-banking leasing corporations, offeringequipment financing service for infrastructure projects borne by the local governmentplatforms. Meanwhile, the article discusses and analyzes some basic principles of riskcontrol which should be followed by the financial leasing corporations when theyinvolve in the infrastructure projects borne by the local government platforms. Bywriting this article, the writer hopes it will help Chinese financial leasing corporationshare appropriate profits from the infrastructure projects making sure of security oftheir own capital without increasing financial risk, and also gives a hint to risk controland exploit of new fields made by Chinese financial leasing enterprises.
In the article, the writer gives many suggestions on risk control and projectevaluation that are supposed to be followed while the financial leasing corporationswork with the local government platforms. Combining actual work experience, thewriter elaborates the details as well as evaluation process of a financial leasingcorporation working with a local government platform on offering financing servicefor certain water supply engineering, and explains how the suggested methods beadopted in practice in a simple way. In this case, the write uses a few financialanalysis methods such as professional analysis on financial report data based onaccountancy and forecast of future cash flow based on corporation finance,etc.
Accounting and financial acknowledges got from the writer's MBA career axe welladopted in practice.
Through argumentation, analysis and exemplification by this article,the writeconcludes lliat, conforming to the basic principles of risk control, tiie introduction offinancial leasing into the infrastructure projects will,on one hand, ease the greatfinancial pressure in large scale infrastructure projects borne by the local governmentplatform and promote ihc urbanization construction, on the other hand it will enrichand exploit the service fields which Chinese financial leasing corporations can involvein, getting a new profit growth point. Therefore, Chinese financial leasingcorporations and local government platforms have a wide cooperation prospect infuture.
Key Words: Financial Leasing; Local Government Platform; Decision Analysis
目录
1绪论
1.1.研究背景和意义
1.2.研究的思路和方法
13.主要贡献
2融资租赁概论
2.1.融资租赁的定义
2.2.融资租赁的种类
2.3.融资租赁风险
3我国地方融资平台的产生和发展现状
3.1.我国地方融资平台定义
3.2.我国地方融资平台产生的背景
3.3.我国地方融资平台在我国经济建设中所起的巨大作用
3.4.我国地方融资平台面临的债务风险
3.5.我国地方融资平台的前景
4融资租赁公司与地方融资平台合作的优势和意义
4.1.我国地方融资平台当前的巨大资金需求
4.2.我国地方融资平台面临流动性不足风险
4.3.融资租赁公司介入地方融资平台的优势和意义
4.4.融资租赁公司介入地方融资平台项目采取的形式
4.5.适合融资租赁公司介入的地方融资平台项目
5融资租赁公司与地方融资平台合作的风险控制原则
5.1.融资租赁公司参子地方融资平台项目须规避的风险
5.2.融资租赁公司与地方融资平台合作的风险控制原则
6案例分析
6.1.某融资租赁项目合作方介绍
6.2.合作的背景和意义
6.3.项目简介
6.4.融资方案介绍
6.5.承租人B城建开发公司偿债能力分析
6.6.担保方担保能力分析
6.7.项目的分析及决策
6.8.项目的运营情况及出现的问题
7研究总结及建议
7.1.研究总结
7.2.政策建议
参考文献
致谢
