| Nowadays, Chinese real estate market is thriving and developing rapidly under the governmental support. The real estate enterprises are facing the best development opportunities. At the same time, we also should realize that Chinese real estate market is immature and it doesn't match to the real estate characteristic of scale-intensive and capital-intensive. Capital has become the leading factor for the real estate enterprises to limit their development in the competition. Chinese real estate enterprises have come into the times of the capital competition. The large-sized real estate enterprises have the advantage in capital, and the small-sized ones will be eliminated gradually in the future. Which way is the middle-sized real estate enterprises to survive from the cruel competition?The middle-sized real estate enterprises must acquire the sufficient capital if they want to develop and then survive at the vital moment. The only way to get money is financing for them. There are four main channels of financing: bank loan, real estate investment fund, bond and stock. Which is the best order and feasible channel for a middle-sized real estate enterprise to acquire the capital successfully? This thesis individually analyzes their difficulties and changes. Meanwhile, combined with the abroad " new order-preferred theory", it is also pointed out that the mode of "bank loan - real estate investment fund - bond - stock" is suitable for the middle-sized real estate enterprises when they chose the financing order and means. This thesis focuses on the analysis that the only way is by financing to acquire the enough capital if the middle-sized real estate enterprises hope to get the continuous development. And the best order and channel of financing that they should adopt are studied and discussed deeply.
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