Design Of Liuzhou Hd Project Financing Scheme Based On Current Real Estate Regulation

This paper explores the financing influence about the macro-control policies in the real estate enterprises,analyzing its advantages and disadvantages which based on the relevant information from the domestic and international literatures.Furthermore,it summarizes the main financing methods and characteristics in Chinese real estate enterprises and analyzes the impacts of macro-control factors.Eventually,basing on the actual requirements of the Liuzhou HD project,this study provides the financing plan and the related risk control measures..The main conclusions in this paper are as follows:1.At present,the funds mainly rely on bank loans,the active real estate trusts and the difficulties of equity financing are the main current situations of Chinese real estate financing.The main problems are the great proportions of loan funds obtained by real estate enterprises through indirect financing,few financing methods and many restrictive factors for real estate financing.2.2.The main characteristics of macro-control in Chinese real estate are the diversity of the objects and the means,and the certainty of the objects.The main impacts are the concentrated and high asset-liability ratio and the difficulty of equity financing.3.Liuzhou HD project can be implemented the combined developing pattern.In the early stage,the project can be used the bank loans and the projects underwritten by the contractors to meet the capital requirements of the main project.However,the principal development methods depend on the sales income and the shop leasing late in the project.The major sources of funding are owned fund,bank loan,cash collection of housing sales,cash collection of shop leasing and contracting with funds.