The Application Research Of Asset Securitization Financing Model In Housing Balance Payment Project

China’s housing reform for 30 years,the real estate industry high speed development,real estate has become on-e of the national economy pillar industry.But after decades of continuous expansion,China’s real estate enterprise balance sheet are widespread the phenomenon of high leverage,especially in recent years increasingly conservative Banks credit policies,the rising cost of capital market,the national restrictions around the big under the background of macroeconomic regulation and control,the problem of insufficient liquidity for real estate enterprises,real estate enterprise development in our country faces the severe financial situation is pressing for related departments to carry on the real estate financial innovation to broaden the financing channels,in order to prevent the real estate enterprises because of capital chain rupture and mass bankruptcy triggering the financial crisis.Steady growth in order to solve the economic de-leveraging and industry this contradiction,this paper focus on the current relatively popular in the world of asset securitization a highly innovative financing model,the study of its application in the real estate industry in our country.This paper adopted the method of case analysis to our country H real estate company as an example,the asset securitization financing mode,structure design scheme is applied to the specific purchase balance payment project cases,summarize designed a model applicable to the purchase of real estate enterprises balance payment securitised assets.This article adopts the method of scene simulation test at the same time,analyses the design of the product in extreme situations the realization of the rights of the underlying assets cash flow for the principal and interest coverage of asset-backed securities,eventually making the product can meet the financing needs of enterprise,to solve the problem of insufficient liquidity,and can achieve the standard of risk control.Research indicates that the asset securitization financing model is feasible in the field of real estate and in field,through qualitative and quantitative analysis was carried out on the specific case,to verify the feasibility of asset securitization on application in the field of real estate,for the domestic enterprise,broaden the financing channels,revitalize the asset liquidity problem opens up a new direction,as well as the application of asset securitization in our country real estate industry and its application in other industries provides a new way of thinking,has a certain application and reference value.