Research On China's Real Estate Enteprises' Financial Structure Design Based On Changes Of Financial Regulation

China's real estate sector has been one of three pillar industries in supporting economic growth.The real estate industry could not enjoy its rapid development without the support of massive funds,which becomes an important issue for real-estate enterprises.However,the financing activities of China's real-estate enterprises are subject to regulations,especially financial regulations.Therefore this dissertation will study the development of real-estate enterprises' financing patterns due to the changes of financial regulations and the risk these companies may encounter.This dissertation will examine the relationship between the innovation of financial products structure design and the changes of financial regulations.This dissertation will also answer the following questions: how the changes of financial regulations facilitate the development of financial products design and how these changes will influence the way real-estate enterprises financial their funds and the risk all participators may encounter.This dissertation will investigate the relationship between the changes of financial regulations and real estate financial products design from two perspectives.First,this paper will summarize the ways real estate enterprises adapt to avoid regulation through financial innovation and the representative cases will be provided.The case analyze will focus on the process of financial innovation and circumvention of financial regulation.Second,this dissertation will come to a conclusion that financial innovation and regulation could promote the development of economic growth.Real estate enterprises could solve practical problems visa financial innovation if financial regulations do not appear as obstacles.Through the above points of view,this dissertation will provide a clear understanding about the financial regulation's influence on financial products structure design.Case studies will be presented to analyze the linkage between changes of financial regulation and financial products innovation.Changes in financial products and financing channels sometimes imply that real estate may undertake risks,which occur when they confront against stricter financial regulations.This dissertation will provide detailed proposals about in which way real estate enterprises could protect themselves from risks caused by changes of financial regulations.First,real estate enterprises should increase the diversity of their financial products pool,which improves their financing structure.Second,financial regulations should create valid service to protect real estate enterprises.Third,to enhance the cooperation between real estate enterprises and financial supervision.