“非标准化标的物”融资租赁业务风险分析——以公益性基础设施资产为例

Risk Analysis of the“Non-standardized Subject Matter”Financial Leasing Business

随着金融市场的不断创新发展,出现了很多创新性的融资租赁业务,其中尤以公益性基础设施资产操作的案例最多。本文从地方政府融资平台的角度,分析了公益性基础设施资产作为租赁标的非标准化融资租赁业务可能存在的风险,如承租人信用风险、标的资产属性风险、附着土地的风险及资产处置风险,并做出了相应的风险防控策略分析。本文得出的最终结论是,以公益性基础设施资产操作的非标准化融资租赁业务属于一种金融创新产品,遵循了市场发展的规律,在做好风险防控措施的基础上,大力发展此类型业务可以促进我国金融市场的发展和繁荣,也能为我国的城市基础设施建设做出一定贡献。

With the continuous innovation and development of the financial market,many innovative financial leasing businesses have emerged,among which the most cases are the operations of public welfare infrastructure assets.From the pespective of local government financing platforms,this paper analyzes the possible risks of non-standardized financial leasing of public welfare infrastructure assets as the subject of leasing,such as tenants’credits,the properties of the underlying assets,the land attachment and asset disposal,and makes corresponding risk prevention and control strategy analysis.The final conclusion in this paper is that non-standardized financial leasing business operated by public welfare infrastructure assets belongs to a kind of financial innovation products,wihich follow the rules of market development.On the basis of good risk prevention and control measures,greatly developing this type of business can promote the development and prosperity of China s financial market,and also contribute to China s urban infrastructure construction.