Research On Financial Risk Assesment And Financial Risk Control Of Jindi Changbaidao Project

Compared with other construction projects,real estate projects in the early stage need to pay a large sum of money.In the subsequent construction process,also need a lot of money to protect the construction cost.And money will not be withdrew for a long period of time.Objectively,it will pose a financial risk to real estate projects.In addition,the U.S.subprime mortgage crisis hit in 2008,which affected domestic economic growth and the real estate industry.Therefore,it is of practical significance to carry out financial risk evaluation and control research on real estate projects in this stage.This paper mainly studies the project of Jindi changbai island,and systematically analyzes its financial risk.Firstly,this paper introduces the project on geographical location,development situation and facility style,in order to have a preliminary understanding of the project.The entire development process of Changbai project can be diveded by investment,construction,management,sales stage.In investment stage,for example,the timing,method,and type of investment are the financial risk factors identified;Then,the paper analyzes the causes of the financial risk factors.For instance due to various construction links in the construction of Changbaidao project,it will take about 2 to 3 years to finish the project.During this period Changbai project suffers more uncertainty factors,such as: social and economic environment,the related equipment,raw material price changes,and so on.All of this can bring financial risks to the project.Then,the financial risk assessment system is built after selceting the evaluation indexes of the project.For the choice of evaluation index,this paper on the basis of literature research,according to the actual situation of changbai project,select and design a total of 4 categories of 13 evaluation indexes.At the same time,a questionnaire based on the relative importance of each evaluation index is designed to investigate and collect data.After evaluating the financial risk of investment,construction,operation and sales stages,the financial risk assessment of the project on the whole of Changbai project is evaluated;Finally,the article puts forward some ideas for this project.Full project feasibility study is proposed according to the idea.And aslo uses the portfolio strategy,strictly control the cost,completes the financial budget,strengthen the construction safety management,perfect the financial risk management,flexible sales strategy.These are all of financial risk control measures and suggestions,in order to help Changbai project.