金融外文翻译--金融租赁和中国的小微企业的研究

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1、中文 5182 字 文献出处： YANG J. The Research on Financial Leasing and Chinas Small Micro EnterprisesJ. International Business and Management, 2012, 5(1): 33-37. 文献一 ： The Research on Financial Leasing and Chinas Small Micro Enterprises Abstract： The financing difficulties is Chinas small micro enterprises e

2、xistence a universal problem, it has become the main small micro enterprises development of a bottleneck. The financial leasing in the service of small micro enterprises has marked effect. First, to broaden the financing channels of small micro enterprises, second, reduce the fund pressure of small

3、micro enterprises, and the third, promote the technology innovation of small micro enterprises, fourth, promote the market development of small micro enterprises. Due to lack of necessary knowledge on financial leasing, corresponding policies imperfect, lack of the necessary capital supply, affectin

4、g the development of financial leasing. To promote the development of financial leasing, China should establish uniform management system, improve the relevant policies, expand the funding sources of financial leasing. Key words: Small micro enterprises； Financial leasing； Role； Problems； Suggestion

5、s INTRODUCTION： Small micro enterprises in the process of economic development of China plays a more and more prominent role, however, Chinas small micro enterprises generally faced the difficulty of shortage of funds. How to solve the financing problems of small micro enterprises is a hot issue in

6、Chinas economic development. Studies have shown that financial leasing is an effective way to solve the financing difficulties of small micro enterprises in China. Positive development of financial leasing, can effectively resolve the financing problems of small micro enterprises, thereby promoting

7、economic development. Financial Leasing as a new way to trade, it put the traditional rental, trade and financial way all organic combination up, be understood as a financing bank loans and capital markets after the third road. Financial leasing has the dual function of financing and financial objec

8、ts, has its unique advantages in the service of the real economy, especially in services to small micro enterprises. In 2010 June, Chinese financial authorities issued further completes the small micro enterprise financial service work certain opinions, requirement to the development of the financia

9、l leasing business. The full display financial leasings function, may promote the small micro enterprises development effectively. 1. FINANCIAL LEASING IS THE IDEAL FINANCING OPTIONS FOR SMES IN CHINA Because Chinas small micro enterprises financing channel is narrow, the financial leasing in servic

10、e for small companies can give full play to the advantages provided a condition.The enterprise financing way has stockholders rights financing and the creditors rights financing two types. Stockholders rights financing can be divided into two forms: public offering and private collect. The public to

11、 raise financing is IPO financing. From the present situation of the development of Chinas capital market see, through the IPO of the financing of enterprise are only a small part, thousands of companies listed on the inside and outside is only a very small part of the tens of millions of enterprise

12、s. Do not need to undergo a rigorous listing of the audit through a private placement financing, relatively speaking, easier to achieve financing, however, due to the operation of the private equity funds to achieve legalization, even though the public has a lot of private equity funds exist, but re

13、ally be able to supply the amount of money is relatively limited. On the creditors rights financing, at present Chinas form of creditors rights financing is single, mainly bank credit channel. Bank considering security problems, often to provide money for a credit ratings, the strength of large ente

14、rprises, in addition, due to the bank credit market degree is relatively low, not established truly mature enterprise credit rating system, especially the rating system of the small micro enterprises, so that the bank credit activity impossible cover a much wider range of debt financing needs, only

15、to meet a range of financing demand. So, small and medium-sized enterprises, especially small micro enterprises financing constraints become enterprise development of a bottleneck. Financial leasing way was invented in the 1950s, as a kind of long-term debt financing, is by the lesser according to t

16、he lessees need, in advance in accordance with the contract, the lessee to designated betray a person to buy the lessee designate d fixed assets, in the lessor has the fixed assets under the premise of ownership, to the lessee pays the rent for conditions, will be a period of time fixed assets and e

17、arnings of the right to transfer to the lessee. Financial lease financing way has several obvious features: First, the lessee may have a full financing. Second, can save the lessees capital investment, reduce business cash flow pressure. Third, the leased equipment is selec ted according to their ne

18、eds to determine by the lessee. Fourth, lease activities involve at least three parties, can form the mutual restrict. Fifth, after the expiry of the lease, the lessee of the equipment used dispose of the three options remain to purchase, renew or surrender of tenancy rights. At the same time, the f

19、inancial leasing has the function of financing and product promotion function. Financial leadings characteristic and the function speaking of the financing channel narrow small micro enterprise, is one relatively ideal financing solution way. Therefore, financial leasing has superiority serves for t

20、he small micro enterprises, it easier to become one kind of substitution choice of small micro enterprises long-term creditors rights debt financing. 2. THE ROLE PLAYED BY FINANCIAL LEASING SERVICES TO SMES Financial leasing advantage decided it has a unique role in service for small micro enterpris

21、es. Financial leasing has the following advantages: First, provides professional services for small micro enterprises. Leasing companies often choose some specific industry to carry out leasing business, can provide enterprises with professional services. In the process of cooperation with the enter

22、prise, the leasing company in addition to providing financing service outside, with the development of it industry, enterprise to the understanding of the profit model, and master the management of the enterprise, which objectively can play on small micro enterprises guidance. Second, procedure is s

23、imple, flexible service. Usually, the small micro enterprises has short, anxious, the quick characteristic to the fund demand. Compared with the bank credit, financial leasing to the lessee of assets and liabilities of the requirements is not high, do not need to strict examination and approval, onl

24、y need to the lessee of the future cash flow of an investigation. The small micro enterprises with rents the company to work out the different contract, satisfies the tenant to the cash flow request, the rent payment pattern may also process nimbly. Therefore, financial leasing way more accord with

25、small micro enterprises capital demand characteristic. Third, helps small micro enterprises to reduce operation risk. Not afford to buy production equipment, the lessee obtained through financial leasing equipment, the project put into operation as early as the early benefit from improved operating efficiency. The financial leasing reduces the outflow of funds for the enterprise equipping. Financial leasing scheme is designed with a certain degree of flexibility, leasing companies can be tailored according to the enterprises cash flow rent