China's Real Estate Enterprise Mobility Index System

The financing chain of the real estate industry has tightened in China under the influence of the global financial crisis and the domestic gloomy market. While as a pillar industry of national econonmy, the evalution of its liquidity attracts the attention of all walks of life. Therefore, how to establish a set of evaluation system that suits the liquidity indicators of the real estate industry becomes an important task in current study.This paper analyzes mainly the characteristics of the real estate industry, and makes a brief conmments on evaluation indicators of the liquidity of the current Property Enterprise based on the above, and then according to relative principles, establishes a set of liquidity indicator system that is fit for the real estate industry aiming at the disadvantages of the current indicators from the three aspects-- assets liquidity, liability liquidity and asset/liability matching liquidity. Furthermore, this paper takes listed real etate companies as samples, and calculates the liquidity with the methods of Hierarchical culster and K-Means cluster respectively. And the demonstration indicates that the levels of liquidity of all the sample companies are low, while there still exists distance among different companies, so different liquidity administration strategies should be taken for different sample companies. This paper exerts some practical significance on understanding liquidity level and intensifying the liquidity administration of the real estate industry and avoiding liquidity crisis.