Case Analysis Of Securitization Of Benefit Right Of Haiyin Real Estate Trust

The real estate industry is a special industry, it is the demand for funds,take a long time, in order to solve the financial problems, housing prices must be through various means of financing to the outside world financing. But in recent years, the real estate business has undergone some adjustments, banks to tighten their credit, real estate business have to find other ways than bank loans, trust funds, financial leasing, civil usury and other sound out. With the bank's nonperforming loan rate rising, bank lending tends to be cautious, especially the poor liquidity of real estate companies, bank lenders threshold higher. The general housing prices have become increasingly difficult to raise funds from the bank. In this case, real estate financing tools need to be innovative.Real estate securitization, as the name suggests, is the use of asset securitization financing. That is, the liquidity of the real estate business can not be realized real estate enterprises into the capital of the capital into a way of securities. Through the implementation of asset securitization process, you can achieve the goal of improving liquidity, diversifying risk and diversifying financing.Therefore, this paper mainly studies the real estate asset securitization financing related matters, to China successfully issued the first case of commercial real estate profit assets asset securitization products, for example, with asset securitization and corporate finance credit enhancement and other related theories and the case, mainly from the financing and credit enhancement in two aspects of the Haiyin real estate to the successful release of securitization products for analysis, after the housing prices to provide a new way of thinking and reference. As the Hai Yin real estate special program began in August 2014, to 2017 years after two years, by comparing the two years of Haiyin real estate financial structure to see the financing effect.This paper introduces the main topic of the topic and the theory of commercial real estate asset securitization, as well as the research methods and innovation points, and puts forward the new financing mode of asset securitization. The first chapter mainly introduces the general management plan of Haiyin real estate and the second Chapter 3 focuses on the development of the relevant cases and the future development direction.Chapter 4 draws the relevant conclusions from the aspects of financing, risk, cash flow and credit enhancement.