Researches On Development Of Financing Channels Of Real Estate Projects And Asset-backed Securitization

Due to the defects currently existed with the financing structure of domestic real estate projects such as small percentage of direct financing and narrow channels, The real estate market fluctuates greatly along with the adjustment of national financial policy, which is seriously impeding industrial development and the operation of corporations' projects. This article made a research and analysis upon the new financing tools represented by real estate trust, industrial investment fund and real estate securitization, and drew a conclusion that the development of financing channels of real estate may reduce the degree of dependency upon commercial banks loans by corporations and be beneficial to corporations stepping on the good development track, and scatter and reduce the financial risks of real estate and banking. Operational characteristics of financing tools can act as external supervision, the operation of corporations can be controlled effectively. Therefore, new finaning tools are favorable for the optimal disposition of resources and the continuous stable development of the whole estate.