Analysis Of Listed Real Estate Companies Financing Options

The real estate industry develop rapidly in recent years,has been the significanct industries in China.But in the overall development process in the real estate industry,there are still many irrational factors,manifested in rising prices much faster than the growth rate of China's economic growth rate and income,which is of course the process of urbanization and the rapid development of China's demand strong correlation,but it will inevitably lead to excessive investment market bubble.In this social context,the government issued a series of macro-control policies on aspects of land,financing,making financing more difficult real estate companies in the development of the project,cost increase.Making further financing structure of listed real estate companies facing fundamental problems and challenges of subversion already exists,for a long time the implementation of investment and financing model has been now real estate investment market and the capital market with each passing day eliminated.Thus,according to real estate companies and macroeconomic policies of their own business development characteristics,timely adjustment of investment and financing strategy to optimize the financing structure,reduce financing costs and a reasonable profit between financing costs and to seek a balance,to achieve a total business and society win,which has great significance for the sustainable development of listed real estate companies.Firstly,the choice of domestic financing of the dynamic analysis,and introduces the theoretical basis of financing choices.Followed by reading literature on domestic financing options in the way a certain understanding,the combination of W Real Estate Financing Options summarized the problems,and the reasons for these problems were deeper analysis;in addition the company through successful experiences T financing choice;the choice of W's financing of proposed improvements to help the company establish a scientific W financing decision-making mechanism,W's rich and diverse financing and optimization W's financing structure.Chapter One Introduction.Financing Options outlined the background,theoretical and practical significance of the research,describes the research status of financing cost-effective financing risk preferences and financing impact on financial performance,emphasizing the real estate industry as the pillar industries,as well as capital-intensive industries,the importance of financing.We put forward ideas and methods of this study as well as the basic structure.The second chapter,the real estate industry listed company financing Overview and theoretical basis.It introduces the features and theoretical basis of the real estate financing real estate financing industry as a whole,in order to "MM" theory "trade-off" theory,"pecking order" theory and "corporate life cycle" theory represented.The third chapter analyzes the status quo W real estate companies before and financing choices.W introduced the basic situation of the real estate company,the company's analysis of financing options exist problems and the cause of these problems points out the necessity to improve the financing choice.The fourth chapter,the process of selection of T's financing and Experience.Firstly,the selection process T real estate financing company,and then extracted from the T real estate enterprises in the selection process a successful experience for reference.Chapter V,W-based corporate financing mode selection problems suggest improvements in all aspects.The company pointed out that W should establish financing mechanisms for management and scientific decision-making,internal management system,diversified financing to diversify the company's overall financial risk and optimize the financing structure of enterprises.Chapter VI Conclusion.On the results of this study are summarized,and further pointed out the limitations of the study design of this study.In this article,Mainly theoretical analysis and case studies introduced,using graphs and other forms of data.The financing structure theory and the real estate industry financing features combine to graphically more precise overview of the financial characteristics of the entire real estate industry,in addition to well-known real estate enterprise W's case,charts and other data analysis by inadequate financing and reason,then by drawing T's experience for W's financing an optimization strategy.The main innovation of this paper is the theory of the structure of the financing will be integrated into the characteristics of the real estate finance industry,not only makes financing more complete theory of the real estate industry,but also makes it more targeted financing theory;in addition another innovation of this paper is theoretical research based on the experience of successful financing also introduced advanced enterprises T company,making W corporate finance solutions for problems more viable perspective,but also has more credibility.However,the current domestic and international research on the price of real estate financing is still very rare combination of benefits valuation,if you want to optimize the financing of the resulting data,is still very value of my learning in the future to further improve.