Analysis on the characteristics of the hottest fin

Analysis of the characteristics of financial leasing business in the United States, Japan and Germany

Guide: the United States: tax incentives promote in the United States, more than 60% of all kinds of enterprises are closely related to leasing business. In the early stage of the development of the leasing industry, tax incentives have become an effective driving force to promote its development: Leasing investment can enjoy the benefits of tax credit in terms of corporate profit tax. In 1981, Reagan Administration

United States: tax incentives promote

in the United States, more than 60% of all kinds of enterprises are closely related to leasing business. In the early stage of the development of the leasing industry, tax incentives have become an effective driving force to promote its development: Leasing investment can enjoy the benefits of tax credit in terms of corporate profit tax. In 1981, the Reagan Administration promulgated the economic recovery tax act, implementing the "accelerated cost recovery system". Accelerating the depreciation system is conducive to enterprises to recover investment faster, update equipment, innovate technology and reduce costs. In order to cooperate with financial leasing institutions to carry out international business and resist political and commercial risks, the United States has launched corresponding risk control mechanisms. On the one hand, the government set up "overseas private investment companies" to provide all-round political risk insurance; On the other hand, when the authority to exit the system is reached, the Export Import Bank of the United States provides export credit, export guarantee and other businesses to American financial leasing companies to ensure the effective development of cross-border business

Japan: policy "incubator"

Japan's leasing industry takes financial leasing as the core, and its investors are very diversified. A major feature of the development of Japan's leasing industry is the role of the government as an "incubator". First, in order to promote some new technology and equipment, government financial institutions will allocate special funds to subsidize leasing companies operating such equipment and technology, and their subsidized loans are usually 40% - 70% of the total amount of such equipment and technology purchased by leasing companies. Secondly, in 1973, Japan promulgated the policy of leasing credit insurance system to implement compulsory insurance. When leasing such projects, once the lessee fails to pay the rent due to bankruptcy, the manager or operator can remove it after regular backup (such as 1 year) when necessary, and the leasing company can obtain insurance compensation equivalent to half of the rent from the government. For some special industries, the Japan development bank provides low interest loans to leasing companies to support and stimulate the development of the industry

Germany: Classified Supervision

Germany implements classified supervision on Banking and non banking financial leasing companies. Subject to the Basel agreement, the financial supervision department implements the "consolidated statement" supervision on the financial leasing of the banking system because its surface is a honeycomb pattern company and the parent bank. The result of "consolidation" makes the financial leasing company transfer the risk to the parent bank, which must be responsible for the operating status of the leasing company and require all its business activities to comply with the bank's risk control. Therefore, the regulatory authorities have achieved indirect supervision over the banking leasing companies. For non bank financial leasing companies, they are treated as general industrial and commercial enterprises, and they are more subject to the indirect supervision of the market. Most of the funds of such financial leasing enterprises come from banks, which will strictly review their financial status and business activities. Therefore, in order to obtain refinancing, they have to consciously follow the requirements of bank supervision