Study On Financing Fools Combination Based On Enterprise Lifecycle Of Real Estate Development Enterprise

In the recent years, the macroscopical policies about real estate have been changed in our country, which have brought so enormous impaction to the financing strategy of the real estate enterprise that the real estate development enterprises whose funds mainly came from the bank faces to the unprecedented press of funds shortage. It is essential to establish a multiaspect and diversified financing pattern.On the condition of the change of macroscopical policies, the main contents of this paper are as follow: firstly, some stay about the present conditions troubles in real estate development enterprises has been done, and the main trouble is that financing channel is so narrow that funds shortage risk is big, because the real estate development enterprises excessively depended on the banks. Secondly, synthetical competitiveness index is used at first time as standard of enterprise lifecycle stages, and financial quotas and unfinacial quotas is synthetically used in the AHP model. Golden Land Group is taken as an example in order to apply the above model. Thirdly, on the base of enterprise lifecycle financing strategy of the real estate development enterprise is defined, which step is as follow: maths model is used to define enterprise life cycle stages in the beginning, and then financial conditions of different stages of enterprise lifecycle is analyzed, in the end financing tools combination of different stages of enterprise lifecycle of real estate development enterprises is defined. In fact, enterprise lifecycle stages are basic starting point and main clue of the whole financing strategy. So it is significant to establish a multiaspect and diversified financing pattern of real estate development enterprise that judgment about enterprise lifecycle stages is right.The conclusion about financing tools combination of different stages of enterprise lifecycle of real estate development enterprises of this paper is as follow: the financing tools combination is risk investment and angel investment and bank credit in newborn period, stock financing and REITs and real estate fund and enterprise bond and bank credit in grown-up period, bank credit and enterprise bond and REITs and real estate fund in mature period, short-term bank credit and risk investment in recession period.The purpose of this paper is to solve the difficulties because of the changes of national financial polities and the risks of funds shortage, to broaden financing channel in order to...