Rearch On Domestic Real Estate Corporate Finance Model

The author, works at a well-known group of private real estate enterprises of her Province, the company was founded in 1997, formerly a little-known private real estate company, was first set up the registered capital of only 2,000 yuan, June 1,2004 After re-formed group and will thus become a real estate development and management of group-based investment holding, equity participation and holding more than 20 companies, respectively, in the residential, industrial park construction, automotive and other related areas of operation and services. Revenue from principal operations was established in 1997 at the beginning of the tens of millions to several billion yuan in 2008, creating 20 million leveraging billions of myth. With the continuous expansion of enterprise scale, the company increasingly tense capital, loans, increasing year by year, the high rate of assets and liabilities, financial risks growing; this company belong to provinces and cities focus on the development enterprise, Sichuan famous trademark, has repeatedly won the Sichuan real estate business in the first strong, China should be respected real estate brands, its corporate brand, products, brands and service brands over the years, the highest in the local real estate companies first. In September 2008, assessed by the authority, the company was named Top 30 Chinese real estate brand value, ranked 19, brand value as high as 2.543 billion yuan. Gradually recognized by the public and the premise, the company also assigned a local government to undertake another task, Pixian 198 works, Wuhou 198 projects, a key to calculate square kilometers huge projects that require a lot of money enterprise funds and gradually highlight bottlenecks, once again tough lie ahead. Housing prices in national policy, the gradual tightening of the case, the domestic real estate companies out of funds to the bottleneck, breaking the traditional financing model, to seek innovative financing models, is the domestic real estate enterprises urgently need to solve problems. At the same time, if not solve the financing problems of the domestic real estate enterprises, will also be severely constrained the company’s overall development. In recent years, the company is continually exploring innovative financing model, has launched a series of financing instruments, but ultimately temporary emergency measures can not solve the fundamental problem, with little effect. To deal with the enterprise, such as domestic real estate companies such as common problems faced by the need to tackle the main contradiction between capital supply and demand as a breakthrough to innovative financing models. The author believes that enterprises should meet the urgent need to establish a mechanism for rational self-financing model system specifications, including the financing models, financing, size, financing policies, risks, etc., the model system prompts. I hope to draw on domestic and foreign experts and professional organizations for domestic and foreign real estate companies financing mode theory, the study results, combined with the domestic real estate enterprises industry characteristics, from the perspective of building a harmonious society to establish a domestic real estate enterprises for the actual situation of the financing model system for to enhance self-financing capacity of real estate enterprises, enhance the competitiveness of enterprises, and the interests of all stakeholders and harmonious system of financing models. For the domestic real estate enterprises in financing, management and research models to provide a reference, and to promote the national economy of China’s pillar industries, doing useful to explore sustainable development, and research.This paper is divided into five chapters, each chapter the following elements:ChapterⅠ:introduces the research background and purpose, research method, literature review.ChapterⅡ:introduced the theoretical analysis of financing, financing models, financing models and evaluation of classChapterⅢ:introduced the situation and problems of corporate finance models of real estate corporationChapterⅣ:introduce Case Study-A real estate development companies, for example by combining the unit where the author started the current financing model study.ChapterV:introduce innovative financing models of domestic real estate enterprises with foreign financing models the idea of successful experience in order to put forward a sound model of the domestic real estate corporate finance proposals and measures put forward innovative financing models point of view.The main contribution of this paper and deficiencies:Reflects the domestic real estate enterprises facing a unified financial bottlenecks, proposed the establishment of innovative financing model concepts, emphasis on domestic real estate enterprises should pay attention to both the survival and development of enterprise’s own operations, but also should pay attention to the financing method and application of rational choice in order to circumvent the enterprise risk and ensure the interests of stakeholders to create win-win situation for development and society.Built for the domestic real estate enterprise development, innovative financing model system, the system for the domestic real estate corporate finance management information.