| Real estate,as an industry with large capital investment,long cycle time and high risk,its capital financing channel and capital financing mode play a key role in the sustainable and healthy development of real estate.In recent years,although the government has repeatedly suppressed housing prices in various places,housing prices in various regions are still high,and the real estate industry is developing rapidly,which has become a growth point for economic development.At the same time,the development of the domestic financial industry is slow,and the threshold of bank loans is high.In this context,financing is difficult to become the main factor restricting the development of real estate.Therefore,it is of great significance to study the typical cases of real estate investment trust financing and explore various financing methods and financing channels.This paper uses literature analysis method,case analysis method and other research methods to analyze the typical cases of real estate investment trust fund financing,and explores the current status and existing problems of real estate investment trust fund financing in China.This paper mainly includes four parts.Firstly,the article summarizes the basic concepts,characteristics and basic theoretical basis of real estate investment trust financing.It points out that real estate investment trust financing has a high proportion of dividend payment,stable income,rich source of funds and professionalism.And so on,and built the old capital structure theory and the new capital structure theory as the theoretical basis of the article writing;Secondly,the article analyzes the model,development process and status quo of China’s real estate trust funds,and lays a theoretical foundation for the writing of the article;In the main part of the article,in this chapter,the author analyzes the typical case of the Donghai Group’s Zoucheng project investment trust fund.The article points out the advantages and disadvantages of the Zoucheng project investment trust fund financing,the specific design plan and the specific operation mode.Through the analysis of the case,the article finds that the Zoucheng project can solve the financial difficulties through the trust fund financing method,and promote the successful completion of the Zoucheng development project;on the other hand,the Zoucheng development project can finally complete the promised rate of return.On this basis,the article points out that the trust financing represented by the Zoucheng project trust fund financing has risks,slow development,single fund financing products and unsound legality of investment trust-based financial assets;finally,insist on control,least cost and On the basis of the principle of minimum risk,the article will strengthen the investment and trust fund financing of real estate companies in China from strengthening the risk management and control of real estate trust investment funds,improving the financing effect of real estate trust investment funds,innovating real estate investment trust financing products and improving the laws and regulations of real estate investment trusts.Suggest countermeasures.Through the research on the typical case of Zoucheng Development Project Investment Trust,the article has carried out in-depth and meticulous research on the current development status and existing problems of China’s real estate investment trust funds,and targeted the existing research on real estate investment trusts.The fund plan is designed,and it is hoped that through the research of the article,it can provide useful reference for the current real estate investment trust fund financing in China. |