Research On Financing Model And Risk Assessment Of PPP Project For Old-age Real Estate

With the increasing aging of the population in our country,the number of "421 family" mode is increasing,and the old people’s traditional family concept of "raising children and preventing old age" has changed,so the social pension is becoming more and more popular.As a form of social pension,pension real estate has been favored by many real estate enterprises in recent years,but the financing problem has always been the biggest "bottleneck" restricting its development.The purpose of this paper is to construct a PPP project financing model suitable for the development of pension real estate in China,and introduce social capital into pension real estate,so as to solve the financing problem of pension real estate and alleviate the financial pressure of the government.However,the PPP project of pension real estate is still in the exploratory stage in our country.The reasons of large investment scale,long return cycle and many participants make the project face many risks in the financing process.It is of great significance to actively carry out the risk evaluation of pension real estate PPP project financing to solve the financing problem of pension real estate.Based on the related theories of pension real estate and PPP mode,this paper combs the relevant literature of pension real estate financing mode and risk assessment of pension real estate financing,grasps the research progress of domestic and foreign scholars in this field,and lays a theoretical foundation for the study of pension real estate financing.This paper makes a comparative analysis of the differences in the application of BOT,PFI,ABS,REITs and PPP in the old-age real estate from seven aspects,constructs an operable PPP project financing mode for the old-age real estate,and elaborates on the participants and the specific operation process of the financing mode.This paper identifies the risk factors of PPP project financing mode of old-age real estate by checklist method,RBS method and expert interview method,screens and collates the risk factors,constructs the risk evaluation index system,determines the index weight by using the entropy weight method,and evaluates the risk factors comprehensively by using the grey system theory.Finally,in order to verify the feasibility and applicability of the model selection,this paper chooses a pension real estate PPP project in D city as an actual case for analysis,and on the basis of risk analysis,puts forward the prevention and Control Countermeasures of the financing risk of pension real estate PPP project.It is hoped that through the study on the risk assessment of PPP project financing for the aged,the scientificalness and applicability of PPP project financing for the aged will be enhanced in the process of risk management for the aged real estate project financing carried out by government and social institutions,so as to provide reference for its related operation.