Since the housing reform in 1998,China's real estate market has experienced ten years of rapid development,accelerate the expansion of the overall size of the market,both house prices and sales volume is rising rapidly.In the prosperity of the real estate market at the same time,China's real estate financing and investment channels and mode remains relatively undiversified,rely on indirect financing(the bank's real estate development loans)for real estate financing has not improved.Structured financing for its personalized,flexible financing program design,improve risk control measures,the integrated use of financial instruments in the field of real estate investment and financing has been recognized by the real estate companies and investors,and will become a major real estate project financing way.With the further advancement of the interest rate market,more real estate projects from the pattern of bank loans,more innovative,more flexible tool to achieve the purpose of the funding needs.ZKC company after years of financial business financing guarantee business,bridge loans,third-party financing business,the accumulation of experience in risk management,asset management business grasp the historical period in the financial market opportunities,develop their own real estate fund products,get some market share in the REIT market,and establish a brand image.This thesis is based on the strategic thinking ZKC laws and regulations,and financial market conditions,according to the idea of structured finance,real estate fund trading patterns,research,structured real estate funds designed to meet the ZKC current stage adaptation mode,and ZY Times Square project as an experiment,to explore the design in the real estate fund mode of ZKC structured,finishing the preliminary program and the implementation of a detailed description from the layer of corporate governance,the day-to-day management of the fund managers may exist prior to implementation in the risk of initial control measures on risk.Business ideas for ZKC company to further develop the structure of the real estate fund business. |