What are the reasons for the closure of financial leasing in John Wan?

Poor management, high-risk business, changes in economic environment.

1. Poor management: The company's business strategy, improper risk control, poor fund management and other factors will lead to the break of the capital chain and the inability to maintain normal operation.

2. High-risk business: Financial leasing business involves high-risk leased assets, such as large-scale machinery and equipment, ships, airplanes, etc. The company made mistakes in risk assessment and collateral value assessment, which led to an increase in non-performing loans and further aggravated the company's financial pressure.

3. Changes in economic environment: The unstable macroeconomic environment, intensified market competition, adjustment of industrial policies and other factors have an adverse impact on financial leasing companies, and it is difficult for financial leasing companies to meet the challenges.