The Financing Models Of China Real Estate Enterprises Research

The industry of real estate is one of pillar industries in our country, is to promote rapid economic growth in one industry. Healthy and stable development of the real estate industry on China's economic growth will have a profound impact. Real estate development can promote the development of a series of related industries, providing employment opportunities for the community. Real estate is a typical capital-intensive industry. Effective solution to the problem of financing the industry is the way to promote their healthy development.China's real estate financing to bank loans mainly dominated other financial means such as public finance, trust financing, bond financing and financing account for the proportion of smaller funds, financing structure is simple. In recent years, the government introduced a series of financial and credit policy, raised the threshold of real estate business loans. Real estate enterprises increased the proportion of own funds, coupled with 2008 subprime crisis-induced financial crisis, made more than half real estate finance companies face the risk of strand breaks, forcing the real estate enterprises to adjust the capital structure, and actively seek new financing channels.Firstly, the development of China's real estate problems were described, and thus leads to the purpose of this study is to solve the problem of financing the real estate business. Then introduced the theoretical basis of real estate financing model-Capital structure theory and the efficient market theory, then analyzes the real estate development and financing situation, identify problems in the real estate corporate finance and in-depth analysis of the real estate business source of financing. The last, under the capital structure theory and capital structure optimization (minimum weighted average cost of capital) within the framework of the capital cost, This study establish the real estate business financing model.Through demonstration, this paper aims digest of national macro and financial policies the impact of changes, strand breaks to resolve financial crisis in real estate development company, real estate financing channels for enterprises to solve the current single issue, to help them find a viable model of diversification of financial optimization, in order to achieve sustainable development of enterprises. The innovation of this paper is to study the capital structure of the real estate business within the framework of the financing model; not only establish the real estate business financing model base on enterprise value maximization; also discussed the political cost of real estate corporate finance.