Research Of Real Estate Industry In China Diversified Financing Models

The real estate industry as the pillar industries of national economy, and national economic sectors are extremely close contact. And because of real estate industry and government, basic function involves a series of high correlation based people’s livelihood social problems, therefore the stable and healthy development of economic and social significance.Due to the real estate industry is capital-intensive characteristics, decide its inevitable coexists with the financial sector. The development of real estate industry in the financial system must provide financing guarantee, and on the basis of real estate finance in total assets of financial system and the proportion of occupying the great. Therefore, the real estate industry financing problems not only in relation to the survival and development of the industry, the financial system is more related to the risk control problem.In recent years, China’s real estate finance with the industry development and the financial system reforms made some progress, but still exist many problems, which is the key of the real estate industry financing structure imbalance, excessive reliance on bank credit, also is the so-called "unified" financing models. This not only makes the Chinese real estate industry is facing the narrow financing channel, and cash flow stability, lack of sustainable development issues, such as security in the banking system and accumulate in the great financing risk. In order to maintain the stability of the financial system, in order to guarantee the sustainable development of real estate industry in our country, it must be real estate industry financing mode reform, unified established channels interconnection and risks of diversified financing mode, can make real estate obtained financing support continuous, stable, scattered over the banking system focused on resolving the financing risk.Based on the current real estate finance mode of the system, the author analyses the special historical conditions, and because of the unified caused by financing mode, points out that the simplification of harm financing channel not only reduces the adequacy of the real estate industry financing, stability and continuity and safety, thereby impede the development of industry, This will be scattered throughout the financial system by the financing risk for focused on one point in the system, the financial crisis of safety system, Also hindered the optimized allocation of financial resources, distorts the rules of market economy, destroying balance between supply and demand of national income redistribution blocked the channel, caused a series of social problems. And on this basis, the paper from the macro, middle, micro analysis of diversified financing mode, points out the significance of the necessity of developing diversified financing models. Then, based on the comparison of several typical international real estate finance mode makes a comparative analysis, and points out some of them can be reference points, such as the innovative financial instrument selection, the regulatory system and safeguard informatization construction is the important role, etc.This is the core part in ideal condition in real estate industry diversified financing models. With reference to the international experience on the basis of the current situation in China, on the basis of the reform of the financial system, and designs a relatively perfect real estate diversified financing model:in the banking system and capital market, in keep driving dual-core bank system state will, under the premise of dominant industry development, give full play to the role of the capital market to promote financial resources optimization allocation. Through the specialized node set up through the financial system of financing channels, in perfect regulation system through the layers of persuration to real estate finance risk in financial system in order to dissolve, also made dispersed real estate finance system can get more balanced system support.However, it is a utopian conditions in the target model. In practice, must consider trading parties benefit gambling, concrete path dependence and inertia and the current situation and the economic reforms and tied. Restrictions etc. Therefore, this paper analyses the real estate industry financing mode to reform of the diversity of unified process, must take the gradual manner, must be in complete system, macro environment conditions allow, make this a change in the speed of the state. At the same time, also puts forward some development in China’s real estate diversified financing models necessary to improve the policy measures, in the system, policy and financial policy and informatization construction, etc.