Research On The Risk Of Capital Chain Management About China’s Real Estate Enterprise

Despite its short history in China, the real estate industry has become an important power for promoting China’s economic growth because of the quickness of its development. However, the overheating investment and its overgrowth has resulted in many negative impacts. The stern control policy from the government and the impacts of the financial crisis has contributed to the ever-growing grave consequence of the industry, therefore it is necessary to strength the management awareness and enhance the power of the real estate industry. Capital is a necessary resource for every enterprise, and it is no exception for the capital-intensive real estate industry. Capital abundance and managerial efficiency has directly influenced the enterprise’s existence and development. Therefor under the environment of financial-limit, it is imperative to strength the study of real estate industry capital-chain management.Enhancing its risk management awareness and focusing on capital management will positively affect the real estate programs, lower the capital-chain risk and keep the steady development of the industry.The paper analyzed the capital-chain risk of real estate industry from the perspective of the real estate industry, which substantiate the system of enterprise’s capital management and risk management and has a vital significance for real estate enterprise building a favorable capital-recycle.The main content of our paper are as follows:The first chapter has discussed the background, significance, main content, study method, structure of the paper and the predictive contribution.The second chapter is literature review, and it discussed the relevant literature from both home and abroad and the assessment of the current situation.The third chapter is the theoretical summary, which is discussed from the main characteristics, the relevant theory of capital-chain risk management and the financial assessment. We made a comparative study of Aglie and Capmallsasia in Chapter4, and we analyzed the financial indicators of both companies, which held the opinion that the extensive development form of Aglie is less favorable, and we should use for reference the development method of Capmallsasia, and focusing on the capital management.We put forward the view that strengthening the fund-chain management. According to the results analyzed from the former chapter, we put forward the suggestions for the fund chain risk of the Aglie based on the causes for Aglie’s fund chain risk.Chapter6is the conclusion, which discussed the final results of the paper and discussed the limits of the research and the outlook of the research.The main contribution of the paper can be listed as follows:1.Despite the existing results on the fund chain risk management of the real estate industry, most research are lack of the overall grasp and most of the research are qualitative investigation, and our paper made a overall grasp and made a quantitative investigation.2.Considering the factors from all aspects, we made a deep analysis to each link of the fund chain of the real estate enterprises, which directly reflected the current situation of intensive fund chain of the real estate enterprises in China.3. Our paper has some reference significance for the fund chain management of the companies of the same level, at the same time enriches the theory of fund chain management of real estate enterprises.However the paper has some defects because of our limited knowledge. The paper didn’t select a comprehensive indicators system, and overlooked the influences of the non-financial factors; despite the relevant suggestions, we didn’t build a suitable model to strengthen the management of the fund chain.