Research On Financing Path Of Shilin Real Estate Company In Shenzhen

As an important force driving China's GDP growth,the real estate industry is the pillar industry of the national economy,and its healthy development will affect the national financial security.The capital is the lifeline of the enterprise.For the capital-intensive real estate enterprises,the normal production and operation activities require more timely replenishment of large amounts of funds.However,for the shortage of funds in the production activities of real estate enterprises,on the one hand,due to the uncertainty of the macro environment,the daily operating profit of real estate fluctuates greatly,and it is difficult to meet normal demand only through internal resources.On the other hand,in recent years,in order to prevent the rapid rise of housing prices,the system has increased the systemic financial risks and introduced a series of policies.Therefore,the external financing channels that rely on commercial bank loans have not been smoother.In addition,small and medium-sized real estate enterprises are small in scale,low in capital security,and fragile in the capital chain,making it difficult to obtain more investor attention and bank support.Therefore,compared with other industries,studying the financing path of real estate enterprises is an important topic in the current era.Shilin Real Estate Company is a medium-sized state-owned enterprise located in Shenzhen.Its main business is generally engaged in real estate development and operation.Shilin Company was established for a short time.However,since its establishment,the company has developed rapidly,and its asset scale and development scale have been expanding.It is a typical state-owned property real estate enterprise.However,in the process of its expansion,the traces of administrative management are obvious.Under the fierce market competition,the market share of enterprises is shrinking,and as the country begins to prevent the occurrence of systemic financial risks in the real estate sector,the traditional borrowing financing relied on the bank is strictly regulated.Control and control,it is difficult to meet the financing needs of the sound development of enterprises,leading to the current lack of market competitiveness of state-owned small and medium-sized real estate enterprises.This article takes Shilin Real Estate Company as a case study.Firstly,it briefly introduces the relevant theory of financing priority order,and briefly discusses the existing financing theory and related literature,especially the financing literature of real estate enterprises.Secondly,it introduces the basic situation of Shilin Real Estate Company,the current status of financing path and the problems of financing path.Thirdly,the analysis of the causes of financing problems of Shilin Real Estate Company is mainly due to the lack of self-management and governance structure,the lack of reasonable financing,the lack of financing innovation and the negative impact of the financing environment.Finally,the design of the financing path of Shilin Real Estate Company and the implementation of new financing methods will help to expand the financing channels,adopt appropriate financing strategies,reduce financing costs,and maximize the company's value.Most of the previous studies on financing path analysis are limited to the overall SMEs,while the literature on the financing of real estate enterprises is more concerned with non-state-owned enterprises.Compared with non-state-owned enterprises,state-owned real estate enterprises are often confused because of their unique nature of property rights,business objectives and political goals.Executives pay insufficient attention to the strategic significance of corporate financing,and the financing path is single and once the national macro-control regulation is easy to cause financing Difficulties,so the state-owned real estate company as the research object,and Shenzhen Shilin real estate company as an example,the specific financing path research,may have a certain reference value for the development of China's small and medium-sized real estate enterprises,especially state-owned enterprises.