On The Diversification Of Financing Channels Of Real Estate Enterprises In China

The real estate business is the backbone of China’s economic development, on the one hand it is to contribute to the country’s gross national product, on the other hand has led to the rapid development of downstream industries to solve the employment of labor. Driven by real estate companies, iron and steel, building materials, home improvement, home appliances and intermediary services and other related industries have also achieved good results. Real estate industry is a capital-intensive industry, with funds demand, long payback period features. Has long been the main way of real estate companies to obtain funds through bank loans, which makes the real estate business financing structure of a single, relatively distorted relationship between banks, is not conducive to the healthy development of the real estate business, but also to higher risk real estate corporate finance Due to non-standard bank credit transfer system to the internal banking system so that banks have to bear the huge financial risk, non-performing assets rate is not conducive to perfect the financial system.In recent years, in order to regulate the real estate market, real estate market to reduce speculative investments, has taken a series of macro-control policies. A large part of the macro-control policies by banks to achieve national bank lending rate by adjusting the deposit reserve ratio, making it more difficult to get the real estate business bank loan, capital costs, some less flexible financing structure of real estate enterprises are facing huge funding pressures, capital chain is seriously threatened.It is for this reason that the issue of real estate corporate finance research has a strong practical significance, this study is mainly from the fundamentals of real estate corporate finance situation starting to Poly Real Estate, for example, examine its financing model, to explore its diversified financing channel system, and to assess the effect of its financing. Aimed for the Chinese real estate enterprises to reduce financing costs, financing risk control, to meet the growing diversification of financing needs to provide suggestions and measures to China’s capital market and the real estate industry healthy and stable development.