| The real estate industry has experienced a rapid development of ten years,has become a pillar industry of our country.But the real estate business behind a huge hidden crisis,and these crises along with the real estate industry’s downward and gradually revealed.One of the biggest crisis is that the real estate enterprise financing mode is single,over reliance on bank credit and the irrational capital structure.In the bank to increase the risk control today,the real estate enterprise’s high asset liability ratio has become the biggest stumbling block of bank credit financing,real estate enterprise financing difficulties become a widespread phenomenon.As an innovative financing instrument,asset securitization has been developed and perfected in the past decades.Asset securitization can be used for the poor liquidity of assets,such as real estate,by means of securitization,which can be divided into the capital market,which can be used to finance the capital.In the capital market of our country,the asset securitization can be regarded as a great opportunity to solve the financing difficulties of real estate enterprises.However,due to China’s stock and bond market is not yet developed,real estate asset securitization of such innovative financing model is able to solve the real estate financing difficulties of our country has become areal problem.This article from the financing performance and real estate asset securitization related theory,through the selection of the traditional financing performance evaluation index and the characteristics of the real estate securitization financing,set up a set of suitable for real estate securitization financing performance evaluation index,the use of theoretical research and case analysis method,the representative of China’s real estate securitization financing performance evaluation. |
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