Research On The Impact Of Housing Consumption Credit In China On The Financial Risks Of Real Estate Enterprises

In recent years,the rapid development of the real estate industry has become one of the important factors affecting the national economy.As a capital-intensive industry,its financial system is inherently fragile and can easily trigger asset bubbles.As a result,the real estate industry faces a series of financial risks that predictable and lack control.On the other hand,the scale of consumer finance business has grown swiftly.Among them,the housing consumptioncredit business closely linked with the real estate industry has also gradually attracted attention.with the booming development of housing consumptioncredit,the financial risks faced by the real estate industry in China are gradually increasing,and many companies are facing difficulties in their survival.In this context,the analysis of the relationship between the development of housing consumption credit and the financial risks of real estate companies in China has important theoretical and practical significance.In this thesis,literature research,empirical research and other research methods are used to study the relationship between housing consumptioncredit and financial risk of real estate companies.According to the status quo of China's housing consumptioncredit and real estate companies' financial risks,the Z value model was adopted to divide the financial risk into five aspects: corporate asset liquidity,capital operating ability,profitability,financial structure,and actual sales performance.An ECM model was constructed to explore the equilibrium relationship between housing consumptioncredit and real estate companies' financial risks,aiming to explore the specific and comprehensive impact mechanisms of housing consumptioncredit and real estate companies' financial risks.The study believes that housing consumer finance has different degrees of impact on corporate asset liquidity,capital operating ability,profitability,financial structure,and actual sales performance of financial risk.Firstly,there are respectively negative correlations between housing consumer credit and asset liquidity of real estate companies.Secondly,there is a positive correlation betweenhousing consumer credit and real estate companies' capital operating capabilities.Thirdly,there is a positive correlation between housing consumer credit and real estate companies' profitability.Fourthly,there is a negative correlation between housing consumer credit and the financial structure of real estate companies.Fifthly,there is a negative correlation between housing consumer credit and actual sales performance of real estate companies.According to the conclusions,this thesis proposes policy recommendations from three perspectives of government intervention,enterprise transformation,establishment of correctfinancial riskconcepts.