Research On Financing Risk Management Of ZN Real Estate Company

The real estate industry has always been a pillar industry in China,accounting for a large proportion of the national economy.In 2021,the GDP of the real estate industry was 7.76 trillion yuan,accounting for 6.78% of the total annual GDP.At the same time,the industrial chain of the upstream and downstream industries of the real estate industry contributed a quarter of the GDP.So the healthy development of real estate is directly related to social economy and people’s livelihood.However,after 2016,the rapid rise of housing prices has made a large amount of social capital enter the real estate industry,and real estate enterprises have also expanded the financing scale in order to obtain higher investment returns.In order to curb the overheated development of China’s real estate industry,China has put forward a policy of housing,housing and housing without speculation since 2018,emphasizing the need for steady development of the real estate industry,and introducing many policies of purchase and sale restriction.In August 2020,is put forward for real estate enterprises financing policy of three red lines,three red line policy aim is to make highly indebted property companies cannot get enough financing,make real estate enterprises to strengthen their control of sheets,sheet control to a reasonable scope,reversed transmission property companies optimize their financing structure.Under the background of three red line,the momentum to get fast to curb real estate enterprises in China,but also make the debt financing of larger companies exposed to the corresponding risk and related real estate enterprises must attach importance to the financing risk management,can effectively avoid policy risks faced by itself,to guide the healthy development of enterprises to the road.Based on this background,this paper studies the financing risk management of real estate companies,analyzes the financing risks of ZN real estate companies based on the current financing situation of the real estate industry and the relevant data of ZN enterprises,and puts forward targeted measures to control the financing risks.This paper is divided into five parts.Firstly,it introduces the background,purpose and significance of the research,review of the research status at home and abroad,research content and research methods.Summarize the previous research results of real estate enterprise financing risk and control,and put forward the main content of the paper.Secondly,it discusses the meaning of financing risk,the definition of financing risk control,summarizes the basic theory of financing,real estate enterprise financing mode related theory,and introduces the Z-value calculation of financing risk control warning;Thirdly,it studies the current financing risks faced by ZN real estate company.Risk identification of the financing risk of ZN real estate company is carried out,and the deficiencies exposed in the financing risk management of ZN real estate company are discussed.Then,countermeasures and suggestions are put forward for the financing risk management of ZN real estate companies.Finally,the conclusion of the full text is summarized.This paper believes that the financing risk of ZN real estate companies is caused by the tight capital chain caused by the company’s single financing channel,high external financing cost,unbalanced long-term and short-term financing structure and slow payment collection speed under the background of policy regulation.In order to control financing risks,ZN real estate companies need to realize diversified financing,enhance their core competitiveness,formulate a reasonable financing scale,optimize capital structure,and build an early-warning system for financing risks,so as to reduce the financing risks of the company and improve the robustness of operation.