What is the existence of the construction machinery leasing industry in China
With the development of China's economy, the leasing industry has developed rapidly in China, and the engineering machinery industry is no exception. But the leasing business of the engineering machinery industry started late, only about twenty years of history, but the speed of development was astonishing.
The leasing business of China's engineering machinery is a new thing that appeared before and after 1990s. In recent years, the vigorous development of infrastructure construction in China, especially the west to east gas pipeline project, the south to North Water Diversion Project, the western development and the implementation of urban infrastructure construction, has provided a huge market for the construction machinery industry. With the increasing demand for engineering machinery and equipment, the machinery leasing industry has gained a good opportunity for development.
Due to the huge potential of our country's construction machinery leasing market, the self light of many domestic and foreign construction machinery manufacturers and leasing enterprises has been deeply involved in the market competition of China's construction machinery leasing. However, the development time of domestic construction machinery leasing is not long, and it is still at the primary stage. With the prosperity of construction machinery rental market, many problems have been exposed.
Financing leasing enterprises are not scale
At present, China's construction machinery rental enterprises have more than 11500. But there are less than 100 professional leasing companies with assets of more than 50 million yuan engaged in construction machinery leasing, and the rest are small and medium enterprises. In Europe and the United States and other developed countries, there are more than 1000 construction machinery leasing enterprises.
For a long time, the financial leasing business in China is too restrictive, and there are not many leasing enterprises that have legally acquired the qualification of financial leasing, and leasing business is also facing such problems as rental cost reduction, credit loss and so on. It is understood that the construction machinery leasing industry of our country rent arrears rate is still at a higher level, part of the construction enterprises in the lease rental business phenomenon is relatively serious, leasing companies in arrears generally accounted for 30%~40% of the total income, some rental agencies due debt arrears accounted for the proportion of the total as high as 60%~70%. This has seriously affected the healthy development of the leasing industry of China's engineering machinery.
The price system of the leasehold market is confused
The regular rental enterprises in market competition due to the higher than the small size of the leasing companies in the management and maintenance costs, and small rental companies although not as formal enterprises in the service and maintenance, but they offer a very attractive price relative to the shortage of capital construction enterprises, has a strong appeal. When bidding system make the successful enterprises get the project, bid prices than the bid price is low, resulting in more serious funding gap, maintaining the normal expenditure project is not easy, and some projects funding delays in place, so the construction units in the equipment leasing will more focus on price factors. In the domestic large enterprises "before the lease Deere rental company" as an example to illustrate this point, the Deere Company as the world's top 500 enterprises, in fact, the concept of production management and enterprise should be relatively mature, but the establishment of investment in the mainland "China Deere rental company but only lasted more than 3 years, the reasons of failure the main is the price system of domestic rental market is chaotic, disorderly competition lead to the investment return rate is too low.
Unfair competition means and imperfect legal system
Regular enterprises are more standardized in business operation, while small enterprises are more flexible, which makes regular enterprises often not rival small enterprises in the competition. And the domestic leasing industry is still in the initial stage, the enterprise is small, the ways of service, can provide the services for enterprises are still stay in the primary level of equipment rental, and compared to other small, guerrilla leasing companies in the service is not what advantage. It is estimated that only the Chongqing market at least hundreds of leasing companies or small private enterprises, the rental price, but also all kinds of means of competition, the main reasons for this phenomenon is that countries in this aspect of the legal system is not perfect, not on the market competition in order to form an effective binding. In developed countries, Japan in Tokyo for example, only 3 of construction machinery leasing company, every one of the larger scale, only paving equipment there are hundreds of Taiwan, the competition between them are restrained by the national legal system, the focus of the competition is not the price, but this kind of competition is service. Easy to form a virtuous cycle. The survey shows that the irregular market of domestic leasing mainly stems from the imperfect legal system of the state, such as the lack of unified centralized management department and the lack of uniform behavior standards for the parties to the lease contract, which leads to the failure of the leasing industry to follow.
At present, there is no special law about financial leasing in China. There are only a number of relevant provisions scattered in other legal provisions, such as the People's Republic of China contract law and the Supreme People's Court on Several Issues concerning the trial of financing lease contracts. In addition, the property registration department of financial leasing products is not clear enough, and lacks information disclosure platform. It is difficult to resist disputes caused by bona fide third parties, nor can it achieve information symmetry between the lessor and the lessee, leading to the high cost and low efficiency of risk management and control. In this regard, the industry said that to solve the leasing crisis, we need to improve the current legal environment as soon as possible, so that the supporting laws can support and promote the healthy development of the leasing industry, while strengthening the protection of the lessor as a creditor and owner.
Market rules are not clear
The game rules of the market are supposed to be big fish and small fish, but there is a phenomenon that big fish produce small fish in the lease market, which violates the rules of market game. After a few years of development, enterprises should continue to grow stronger and bigger. They can often deduce a newly developed enterprise in the rental market. Because of a series of management and property rights problems, they will generate more small businesses.
There is a serious arrears of rent in the rental market. There are various reasons for arrears of rental fees, but a large part is a vicious default. Leasing companies are not strong in self-protection, and vicious competition is also one of the reasons.
Generally speaking, the development of construction machinery rental market is not perfect, lacking of industry standard, imperfect credit system, disorderly market competition, and no leading enterprises. The enterprise lacks the market credibility, the development fund and the policy support, the industry market needs to introduce the standard policy urgently.
The development of China's construction machinery leasing industry is still not very mature, there is still a long way to go, which requires the industry to continue to explore, learn the experience of advanced western countries, present situation of integration of China's construction machinery industry is still leasing industry, to explore the development of the market really is in line with Chinese road.
