本报记者 乔加伟 上海报道

Our correspondent reported QiaoJiaWei Shanghai

　　2月20日，记者获悉，兴业金融租赁近日已完成15亿元增资，增资后注册资本达到50亿元人民币，资金来自于控股股东兴业银行(601166,股吧)。增资后兴业金融租赁注册资本暂列20家金融租赁公司第5位。

2 months and days,The reporter learns,The financial leasing recently completed 1.5 billion yuan endowment,After the capital increase the registered capital of RMB 5 billion,Capital comes from the controlling shareholder societe generale(601166,guba).Increase the registered capital after the financial leasing temporary row and house lease financing companies fifth.

　　据透露，国银金融租赁、农银金融租赁均在酝酿增资计划，交银金融租赁的增资方案则已在走监管程序，今年上半年或将执行。

It has been revealed,Countries silver financial leasing/Agriculture silver financial leasing are brewing capital increase plan,Silver into the financial leasing of the capital increase plan has walked in regulatory program,In the first half of this year or will carry out.

　　“2011年下半年，南京银行(601009,股吧)、民生、工行、兴业等曾集中对旗下的金融租赁公司进行增资。但随着行业资产规模暴增消耗资本，今年上半年，金融租赁公司将再次上演增资潮。”该人士称。

"The second half of 2011,Nanjing bank(601009,guba)/The livelihood of the people/icbc/Industrial, etc have focused on its financial leasing company for capital increase.But as industry assets scale jumps consumption capital,In the first half of this year,Financial leasing company will once again put on capital increase tide."This personage says.

　　在中国外商投资企业协会常务理事、租赁业委员会专职常务副会长屈延凯看来，银行系金融租赁公司颇类似银行分支行，业务资本消耗也很大，但增资-扩张-增资这种循环并不是长久路子。“根本的方法，还是通过现在已经开闸的保险、券商、基金资管，利用民间资本来让租赁资产出表，从而代替银行的增资”。

In the China association of enterprises with foreign investment standing director/Leasing industry committee full-time vice President, QuYanKai looks,Department of banking financial leasing company is quite similar to the bank branch,Business capital consumption is very big also,But capital increase - expansion - capital increase the circulation is not long way."Fundamental methods,Or through now breaking insurance/brokers/Fund endowment tube,Use of private capital to make a list of the leased asset,Thus instead of bank capital increase".

　　

国银金融租赁充足率直逼监管红线 Countries silver financial leasing adequacy ratio close to the red line supervision

　　兴业金融租赁增资来自于去年资产狂飙的压力。兴业金融租赁2012年末总资产403亿元，同比增幅接近50%，净利润增长125.93%，增幅位列同行业第一。

The financial leasing capital increase from last year's hurricane assets pressure.The financial leasing by the end of 2012 the total assets of 40.3 billion yuan,The year-on-year growth rate of nearly 50%,Net profit growth of 125.93%,Growth in the same industry first.

　　除了兴业金融租赁，交通银行已于去年四季度，内部同意向子公司交银租赁增资30亿元，根据增资计划，2013年，将先行增资20亿元，2014年再增资10亿元，增资后交银租赁的注册资本将达到70亿元。

In addition to the financial leasing,Bank of communications has set up a file in the fourth quarter of last year,Internal agree to pay silver leasing subsidiary capital increase 3 billion yuan,According to the capital increase plan,In 2013,,The first capital increase 2 billion yuan,In 2014 to increase 1 billion yuan,After the capital increase the registered capital of a silver lease will reach 7 billion yuan.

　　“目前，这一增资计划正在走监管部门的程序。去年交银租赁资产增长很快，已位列行业第四位，对应资本压力也较大，增资应在上半年完成。”该知情人士称。

"At present,The capital increase plan is go regulatory program.Last year the leased asset growth into silver soon,Already ranked fourth industry,Corresponding capital pressure is bigger also,In the first half of capital should be complete."The people familiar with the matter said.

　　根据记者获取的交银租赁（未经审计）2012年经营数据，截至2012年末，交银租赁总资产已达707亿元，资本充足率9.18%，已经逼近监管部门8%资本充足率的红线。

According to the reporter for silver in the lease(Without the audit)In 2012 the business data,By the end of 2012,Total assets into silver lease has reached 70.7 billion yuan,Capital adequacy ratio of 9.18%,Regulators have been approaching 8% capital adequacy ratio of the red line.

　　记者还获悉，农银金融租赁也于2012年下半年酝酿增资，目前在银行系金融租赁公司中，除了光大金融租赁（8亿注册资本）以外，农银金融租赁注册资金最低，为20亿元。

Reporters also learned that,Agriculture silver financial leasing in the second half of 2012 brewing endowment,In the department of banking financial leasing companies,In addition to forward financial leasing(800 million registered capital)outside,Agriculture silver financial leasing minimum registered capital,For 2 billion yuan.

　　“去年，一直讨论增资到60亿元，不过，现在定下来的方案只增资到30亿元，上半年完成，农银租赁经营一直较为保守。”上述知情人士称。根据记者获取的数据，2012年末，农银金融租赁资本充足率为10.68%。

"Last year,Has been discussing capital increase to 6 billion yuan,but,Now come down surely scheme only capital increase to 3 billion yuan,Completed in the first half of,Agriculture silver lease management has been more conservative."According to people familiar with the above.According to the data obtained by the reporter,By the end of 2012,Agriculture silver financial leasing capital adequacy ratio of 10.68%.

　　“国银租赁前期已经与上海陆家嘴(600663,股吧)集团、黑石投资基金、渣打银行等多家投资者接触，沟通增资扩股事宜，最近将出结果。”一家国有大行租赁公司人士对记者称。不过这一消息尚未获得国银租赁的确认。

"Countries with the silver lease has Shanghai lujiazui(600663,guba)group/Black stone investment fund/Standard chartered bank, a number of other investors contact,Communication increase endowment spread matters,Recently the results will be."A state-owned large line leasing company people said to reporters.But the news has not yet won silver kingdom lease confirmation.

　　事实上，国银租赁增资已经迫在眉睫。过去几年，国银租赁规模狂飙，已经连续5年位居行业第一，去年末该行总资产已经达到1408亿元。

In fact,Countries silver capital lease is imminent.In the past few years,Countries silver lease scale hurricane,For five years has been in the industry,Proceedings the bank total assets is 140.8 billion yuan.

　　相对应，国银租赁资本消耗也巨大，去年末，该公司资本充足率在所有金融租赁公司中垫底，为8.22%，直逼监管红线。

corresponding,Countries silver lease capital cost is huge,proceedings,The company capital adequacy ratio in all financial leasing companies bottom,Is 8.22%,Close to the red line supervision.

　　而根据记者观察，增资最迫切的银行系金融租赁公司要数光大金融租赁，记者获取的数据显示，该公司去年末注册资本8亿元，处于垫底的位置，2010年公司成立以来一直未予以增资。

According to reporter observation,Add endowment the most pressing department of banking financial leasing companies to number of financial lease,Reporter for data display,Proceedings of the company registered capital of 800 million yuan,In the bottom position,Since the company was established in 2010 has not be capital increase.

　　“8亿注册资本与光大银行(601818,股吧)牌子和客户资源很不衬，与同期开业的兴业金融租赁相比，光大租赁业绩已经被甩开了一大截，在整个银行系金融租赁中也垫底。”上述国有大行租赁公司人士对记者称。2012年末，光大租赁资产规模135亿元，远逊于兴业银行403亿元资产规模，甚至已快被2012年新开业的浦银租赁追超。

"800 million registered capital and everbright bank(601818,guba)Brand and customer resources is not lining,With the opening of the financial leasing compared,Everbright lease performance has been ditching by a large margin,In the whole banking system financial leasing in the bottom."The state-owned big line leasing company people said to reporters.By the end of 2012,Everbright leased assets of 13.5 billion yuan,Far inferior to societe generale 40.3 billion yuan asset scale,Even already soon be opened in 2012 PuYin lease after super.

　　该人士透露，光大金融租赁曾计划2011年增资到20亿元，也曾在2010年控股股东光大银行A股上市后提出增资要求，但至今尚未成行。

The sources,Everbright financial leasing had planned increase in 2011 to 2 billion yuan,Also once in 2010 years the controlling shareholder everbright bank a-share listed the capital increase demand,But it is not yet.

　　实际上，根据记者获取的数据，2012年末，20家金融租赁资产规模已达8000亿元，注册资本仅631亿，整个行业已经面临不小的资本压力。

In fact,According to the data obtained by the reporter,By the end of 2012,And family financial leasing asset scale has reached 800 billion yuan,The registered capital is only 63.1 billion,The industry has faced a lot of capital pressure.

　　

资产借资管出表 Assets (the table by tube

　　记者获悉，为了腾挪租赁资产规模缓解资本压力，2012年，租赁公司开始大规模与银行等机构合作，通过买入返售应收租赁款，减轻资本消耗。

The reporter learns,In order to transfer to other use the leased asset scale ease capital pressure,In 2012,,Leasing companies started mass and Banks and other agencies,Through the purchase of resale receivable of lease,Reduce capital cost.

　　具体方式为，租赁业务大多有稳定收益，把债权卖给银行，反映在银行为买入返售同业业务模式，在回购发生前，租赁公司的资产就消肿了一大块，只占用“承诺”部分的资本，资本占用远低于租赁贷款。

The specific way to,Lease business mostly have a stable income,The creditor's rights to sell to the bank,Reflected in the bank for purchases of resale trade business model,In the buyback occurred,Leasing company's assets is a big swelling,Only take the"commitment"Part of the capital,Capital occupancy is far lower than the lease loan.

　　“券商基金保险介入资产管理，融资租赁资产无疑会成为最佳的选择。租赁的资金来源和债权出表又可以多了一个渠道。”屈延凯称。

"Insurance brokers funds involved in asset management,The financing lease assets will undoubtedly become the best choice.Lease financing source and creditor's rights out list and can a channel."QuYanKai says.

　　据透露，目前已经有保险公司、信托公司在和金融租赁公司联系相应业务，实质上，就是将租赁公司的债权进行买卖。

It has been revealed,Has any insurance company/Trust in and financial leasing company contact corresponding business,essentially,Is the leasing company creditor's rights to buy and sell.

　　在屈延凯看来，通过与券商、基金、保险、信托等机构的合作，本质上是将民间资本引入，从而缓解租赁公司增资扩股的压力，同时解决了租赁公司资金来源和资产退出问题。

In QuYanKai seems,Through the and brokers/fund/insurance/Trust and cooperation mechanism,In essence is to introduce private capital,So as to relieve the pressure of leasing company increase endowment spread,At the same time solve the leasing company funds and assets out of question.

　　记者最新获悉，不少金融租赁也在通过境外发债来解决资金之渴。日前，交银租赁已经在美国路演其美元债券。

Reporters learned that the latest,A lot of financial lease in through the overseas FaZhai to solve the funding thirsty.a,Pay silver lease already in the United States road shows its dollar bonds.

　　“海外融资成本较低，是吸引金融租赁公司海外借款的主要原因，但是，目前此渠道融资手续相对繁琐。”屈延凯称。

"Overseas financing cost is low,Is to attract financial leasing companies overseas borrowing main reason,but,At present the financing channels relative complicated formalities."QuYanKai says.