| The real estate industry is a pillar industry in China,Which Has important influence on economic growth and to lead to the development of relevant industries.It is associated with construction building materials industry,financial industry decoration services,furniture,lamp act the role ofing electrical appliances and other industries,andprovides a lot of jobs for the Labour market.It occupies the important growth point of national economy in our country.As a capital-intensive businesses,In the operation of real estate has a large net inflow,operation time and the characteristics of high operating income.Its reliance on capital is higher,so the real estate enterprise financing ability directly related to the real estate enterprise's competitive ability in the survival and development prospects.Real estate enterprises financing in general is a real estate project development as the main goal.Corporate finance including behavior and the process of enterprises to raise funds,which Is the enterprise according to their own operating conditions and development needs,in the case of their own capital insufficiency,the financial support for investors and creditors,to maintain the capital chain and enterprise operation.Our country small and medium-sized real estate development enterprises to a large proportion of the total number of real estate enterprises.Both capacity and demand of funds,it has the main part industry.But it is weak and passive position in the finance market.Single financing channel and bank credit policy,demanding,the enterprise credit rating low,financial institutions,prejudice,and many other factors,lead to the financing difficult operation,the problem of high financing costs.It has become affects the existence and development of small and medium-sized real estate enterprises and important factors hindering the development of the industry.In this paper,based on the financing theory at home and abroad,In combination with small and medium-sized real estate enterprises small in scale,low credit rating,information asymmetry deals etc.,I Put forward that financing small and medium-sized real estate enterprises should follow the optimal sequence financing theory,in order to reduce the cost of financing.In addition,due to the particularity of real estate industry demand for funds and bank loans to the real estate enterprise credit policy,only by endogenous financing is difficult to meet the development of real estate projects in general,especially for small and medium-sized real estate enterprises.Therefore,this article points out that in the different stages of project development adjustment appropriate financing.The full text is divided into six parts:The first chapter of the current domestic and foreign relevant research on financing theory and financing management literature review,which introduces the research background,research purpose,research methods and so on.The second chapter expounds the concept of financing and related financing theory,and compared the theoretical analysis.The third chapter analyzes the financing status of small and medium-sized real estate enterprises.It includes development situation,the real estate enterprise financing and financing difficulties,etc.The fourth chapter is case analysis.The construction of the project scale,investment estimation is analyzed.The fifth chapter design financing options and choose the financing channels for different development phase.The sixth chapter is the financing plan implementation safeguard measures,from the policy system,financial market and the enterprise itself and so on.The seventh chapter is conclusion.The main conclusions of this article is that,In order to improve the current our country small and medium-sized real estate enterprises financing difficulties,they need to be looked at theirselves first,improve the credit level and comprehensive strength.Second,we should strengthen construction of financial market and credit system construction.Finally,the small and medium-sized real estate enterprises in choosing financing,financing choice has no fixed order.They are based on the current objective environmental factors and their own ability,as far as possible reference to optimal sequence financing theory in order to reduce the cost of financing,design feasible financing options. |
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