Research On The Motivation Of Poly Development’s Spin-off And Listing Of Poly Properties And The Effect Of Resource Optimization

Data from the seventh national census just concluded on May 11,2021 shows that my country’s total population has reached 1.4 billion,of which the urban population accounts for about 63.8%,which shows that my country’s urbanization construction has achieved phased results and is about to progress.into the next stage.With the increasing proportion of the urban population in my country,the demand for real estate will also increase to a large extent.However,in recent years,idle housing can be seen everywhere in cities,and even many newly built communities have an occupancy rate of less than 10%.This shows that my country’s real estate companies are currently in a stage of oversupply,and the future will gradually enter the era of stock.This means that when the amount of housing available in the city far exceeds the demand,housing quality will be the main concern of consumers in the future.Therefore,the relatively novel method of spin-off and listing has been adopted by many leading real estate companies.This article takes the case of Poly Development’s spin-off and listing of Poly Property as an example,analyzes the reasons for its spin-off behavior,and uses the event research method to analyze its short-term resource optimization effects,and uses the comparative analysis method of financial indicators and the financial warning level of the Z-value model.Comprehensive analysis of its long-term resource optimization effect,using non-financial indicators to measure the resource optimization allocation effect of the spin-off behavior,and matching with the motivation.The main innovations of this paper are: First,the related research on spin-off and listing in my country was mainly based on a single index analysis before,and did not conduct case analysis from the perspective of the company’s overall strategy and resource optimization allocation.Therefore,the research in this paper can be It will make a little contribution to the theoretical research of spin-off and listing from the perspective of resource optimization in the future;secondly,based on the current research status,it can be known that the case studies on spin-off and listing in my country are still mainly concentrated on some early classic cases.Up to now,many leading real estate companies have the will to spin off their property subsidiaries for listing,which shows that the current development of the property industry is an important trend in the transformation of the real estate industry.Therefore,the research in this paper conforms to the background of the times and has a certain timeliness.Finally,at the level of research methods,this paper not only studies the impact of spinoff and listing on operating ability,profitability,solvency and development ability,but also uses event research method and Z-value model to analyze the impact of market reaction and financial risk early warning.At the same time,it also analyzes the impact of spin-off and listing on the reallocation of resources in all aspects of the company from a strategic perspective.