Research On Credit Risk Assessment Of Real Estate Supply Chain Finance In China

With the continuous development of Urbanization in China,the real estate industry is at the crossroads of reform.The real estate industry is characterized by large enterprise asset scale,many upstream and downstream industrial chains involved,and vulnerability to government policies.Especially after the 19th National Congress of the Communist Party of China put forward the basic policy of"not speculating on housing and housing",the Chinese government put forward clear requirements for the establishment of a long-term market regulation mechanism for the real estate industry.In order to maintain the stable development of the real estate industry,and in view of the fact that its related enterprises are generally closely connected with financial institutions and use many financial means,it is particularly important to identify the credit risk of enterprises in its supply chain.Generally speaking,the financing behaviors of enterprises related to the real estate industry are characterized by large capital demand and long use cycle,as well as large volume and wide amplitude of the real estate economy.Once a systemic crisis occurs in the real estate industry,it is easy to affect the financial stability of the whole industry,which is not conducive to the healthy development of the society and economy.From the perspective of financial institutions,credit risks of real estate-related enterprises are mainly reflected in the ability of financing enterprises in the industry to repay the loans,protect the capital and interest from losses,etc.Therefore,in the real estate supply chain finance business,the core development enterprises are required to guarantee for other enterprises,and the credit rating of both sides is bound to each other,which will help promote all enterprises in the supply chain to improve their credit rating consciously.In this background,this article selects the 146 companies in the real estate industry supply chain report data is analyzed,using Logistic model,based on the data availability,versatility,and debt paying ability,profit ability,operating ability,development ability and the 25 indicators related with supply chain operations,comprehensive analysis to explore the main factors influencing the related enterprise credit risk and coping strategies.Through research and practice,it has been proved that the profitability,debt paying ability and operation ability of enterprises in the real estate supply chain have a significant impact on their credit risks,and the development trend of the whole industry also has a great impact on the real estate credit.To reduce the credit risk of the whole supply chain,it is very important to improve the profitability of related enterprises and reduce related costs.It also verifies the validity of Logistic model for the credit risk assessment of supply chain finance in the real estate industry and has certain reference value for employees of relevant institutions in the business process.