Research On The Financial Risk Management Of Tianjin Realty Development(Group)Co.Ltd.

In 2004-2013,it was a "golden decade" for the real estate industry,but the growth trend of the real estate industry has slowed down in 2014.The real estate market environment is not optimistic and real estate companies are faced with many problems,which the financial risks are urgently to solve,because it is directly related to the survival and development of real estate companies.The typical characteristic of the real estate industry is that the funds are relatively intensive.The development of each real estate project requires a large amount of financial support,and the project have a long operating cycle.These characteristics result in a long cycle of capital withdrawal in the real estate industry and a poor ability to realize liquidity.So it is facing greater financial risks than other industries.Major companies began to strengthen financial risk management in order to improve their competitiveness.The paper focuses on the narrow sense of financial risks and conducts relevant discussions and research on the development of the financial development of the Tianjin Realty Development(Group)Co.Ltd(In the following referred to as the Tianfang development).Firstly,paper analysis the current situation at home and abroad starting from the research background and significance.Secondly,it introduces the theoretical basis of financial risk management research,including financial risk management theory,capital structure theory and financial leverage theory.The third chapter analyzes the current situation of the financial risk management of Tianfang development from the organizational structure,personnel structure,operating conditions and Internal Control etc.The fourth chapter identifies and evaluates the risks faced by the development of the Tianfang.Among them,paper mainly adopts the financial index method,then found the source of the financial risks of the Tianfang development by vertical and horizontal directions.The size of the financial risks of the Tianfang development by the financial coefficient method assesses.Finally,it puts forward concrete suggestions for the development of the financial risk management of the Tianfang development,including setting up a risk management agency,establishing a risk warning mechanism,strengthening cash flow management,diversifying the risk for diversified financing,and enhancing the flexibility of financial leverage.This article analyzes and researches the financial risk management of the Tianfang development and has reference significance for the improvement of the financial risk management of the company.