Question

急求高手帮忙翻译一下论文英文摘要

融资租赁公司作为我国金融市场的重要组成部分，在对中小客户的融资业务中有突出贡献。但目前我国融资租赁公司普遍具有规模较小、服务群体风险、资产不易穿透等特点，致使传统银行、信托等资金对其支持有限，无法取得足以支撑其快速发展的融资需求。资产证券化业务作为一种新兴的融资渠道，具有发行规模灵活、融资成本较低、优化资本结构、减少信息成本以及改善现金流等特点、十分适合租赁公司的融资需求。本文以此为切入点，研究以发行资产证券化产品的方式解决租赁公司融资困境的可行性。
本文以XF租赁公司作为研究对象，首先进行了资产证券化相关理论及发展进程研究，明确了我国目前金融市场适合于融资租赁公司发行资产证券化产品。其次详细分析了XF租赁公司经营状况、财务状况以及资产状况、发现其资产满足资产证券化业务要求的具有可预计的稳定现金流、分散性强、标准同质以及期限相似等特点，可以发行资产证券化产品。之后基于XF租赁现状结合资产证券化相关理论及政策，确定其发行资产证券化产品的可行性并进行了详细的发行方案设计。具体包括交易结构设立、确定基础资产并组建资产池、设立特殊的载体（SPV）、信用増级、信用评级以及发售证券等方面。最后提出了XF租赁公司资产证券化产品的风险识别方法及风控要点，保证了这一方案的最终有效进行。文章最后是全文的研究结论以及需要进一步研究的问题。

Answer 1

As an important part of China's financial market, financial leasing company has outstanding contribution to the financing business of small and medium-sized customers. But at present our country financial leasing companies generally has the characteristics of small scale, service population risk, assets are not easy to penetrate, the traditional banks and trust funds are limited to its support, can not get enough to support the rapid development of the financing needs. Asset securitization as a new financing channel, with the issue of flexible size, lower financing costs, optimize capital structure, reduce information cost and improve cash flow characteristics, very suitable for leasing the financing needs of the company. This paper takes this as a breakthrough point to study the feasibility of solving the financing difficulties of leasing companies by the way of issuing asset securitization products.
In this paper, XF leasing company as the research object, first asset securitization related theory and the development process of research, clear the current financial market for financial leasing companies to issue asset securitization products. Secondly, a detailed analysis of the XF leasing company operating conditions, financial situation and assets, the assets meeting has the characteristics of stable cash flow, expected strong dispersion, and the term standardised similar asset securitization business requirements, can issue asset securitization products. After that, based on the current situation of XF leasing combined with asset securitization related theories and policies, the feasibility of the issue of asset securitization products was determined and the detailed design of the distribution scheme was also carried out. Including the transaction structure establishment, determine the basic assets and asset pool, the establishment of special carrier (SPV), credit growth, credit rating and sale of securities etc.. In the end, the risk identification method and the risk control point of the asset securitization product of XF leasing company are proposed, which guarantees the final effective of the scheme. The last of the paper is the conclusion of the paper and the problems that need to be further studied.