摘要
摘要
金融租赁行业作为金融业五大支柱之一，因其在促进企业转型升级、化解过
剩产能等方面都发挥了重要作用，因而被越来越多的中小企业所认可。近年来，
得益于国家政策的大力支持，融资租赁行业得以迅猛发展，企业数量和合同余额
均实现快速增长。但与发达国家相比，我国融资租赁行业市场渗透率相对较低，
仍处于粗犷式的发展阶段。许多融资租赁项目因风险管理不完善而出现“暴雷”事
件，给融资租赁公司的日常经营留下了很大的隐患。其次，融资租赁业务合同期
限长，涉及的合同数量和交易主体众多，其风险特征具有复杂性、多样性、特殊
性。因此，融资租赁风险管理研究受到越来越多的关注。
本文首先详细介绍融资租赁的定义及业务特点，阐述融资租赁风险的类型
和特征。其次对 CAMELS风险评价体系的适用性进行论述，将 J金融租赁公司
相关经营指标带入，从资本充足性、资产质量、管理水平、盈利能力、资产流动
性及市场敏感度 6个方面对 J金融租赁公司进行风险管理评级，重点分析 J公司
在资产质量和市场敏感度方面存在风险的原因。最后，本文结合 J公司实际情
况，给出一些具有指导意义和实践意义的改进建议，例如加强地区和行业风险排
查、合理运用风险对冲工具、重视逾期催收、调整业务结构等。本文希望能为 J
公司加强风险管控带来实际效果，以期为融资租赁行业风险管理研究提供一些
参考。
关键词：融资租赁；风险管理；骆驼评级
I

Abstract
Abstract
As one of the five pillars of financial industry, financial leasing industry has been
widely used by modern enterprises because it plays an important role in serving small
and medium-sized enterprises, optimizing resource allocation and promoting industrial
structure upgrading. In recent years, the state has continuously introduced policies to
promote the development of financial leasing industry, and the number of enterprises
and contract balance have achieved rapid growth. However, compared with developed
countries, the market penetration rate of China's financial leasing industry is relatively
low, and it is still in a rough development stage. Many finance lease projects appear
"thunder" events due to the imperfect risk management, leaving a great hidden danger
to the daily operation of finance lease companies. Secondly, the contract term of
financial leasing business is long, the number of contracts and transaction subjects
involved are numerous, and its risk characteristics are complex, diverse and special.
Therefore, more and more attention paid to the study of finance lease risk management.
This paper first introduces the definition and business characteristics of financial
leasing in detail, and expounds the types and characteristics of financial leasing risks.
Second, I discussed the applicability of the CAMELS risk evaluation system,
incorporating
the
relevant
operating
indicators
of
J
Financial
Leasing
Company.Conduct risk management rating on J Financial leasing Company from six
aspects of capital adequacy, asset quality, management, earnings, asset liquidity and
sensitivity. Analyze the reasons for the risks in asset quality and market sensitivity of
COMPANY J. Finally, based on the actual situation of J Company, this paper gives
some suggestions of guiding and practical significance. Such as strengthening regional
and industry risk screening, rational use of risk hedging tools, emphasis on overdue
collection, business structure adjustment, etc. This paper hopes to bring practical
effects for COMPANY J to strengthen risk management and control, and provide some
references for the study of risk management in finance leasing industry.
Key words: Finance lease; Risk management; Camels rating
III

目录
目录
第一章绪论 ............................................................................................. 1
第一节研究背景 ..................................................................................... 1
一、融资租赁行业频繁“暴雷”..........................................................................1
二、风险线就是企业生命线 .............................................................................3
第二节研究目的与意义 ......................................................................... 5
第三节相关文献概述 ............................................................................. 5
一、国外文献概述 .............................................................................................5
二、国内文献概述 .............................................................................................7
第四节研究思路与方法 ......................................................................... 9
一、研究思路 .....................................................................................................9
二、研究方法 ...................................................................................................11
第二章相关理论概述 ........................................................................... 13
第一节融资租赁概述 ........................................................................... 13
一、融资租赁的定义 .......................................................................................13
二、融资租赁业务特征 ...................................................................................13
第二节融资租赁风险管理概述 ........................................................... 14
一、融资租赁风险概念 ...................................................................................14
二、融资租赁主要风险类型 ...........................................................................14
三、融资租赁风险特征 ...................................................................................16
第三节骆驼理论相关概述 ................................................................... 16
IV
。。。以下略