| China’s real estate industry is developing rapidly.In recent years,the scale of real estate trusts has continued to rise,which is already the mainstream financing channel for real estate financing.In order to reduce the systemic risks of the real estate industry,the state has introduced a series of regulatory policies and financial regulatory policies,which has aggravated the financial difficulties of real estate enterprises.In the context of the current funding shortage,the risks of real estate trusts need to be highly valued and effective control measures.This paper starts with the overview of real estate trust,introduces the characteristics,development status and recent default of real estate trust,and further systematically expounds the risk factors of real estate trust and the causes and consequences of risk,risk management methods,and raises the issue of risk control.Combined with the real estate trust project of S Group,the trust summary,trust transaction structure,risk control measures and project situation of the case are introduced in detail.On the one hand,financial analysis is used to analyze the financial situation of financing enterprises and projects.To calculate the source of repayment and the pressure of repayment;on the other hand,the expert survey method and the analytic hierarchy process are used to establish the risk evaluation system of S Group real estate;the risk identification and risk assessment are carried out from the internal and external perspectives of the trust,and the excellent experience of case risk control is summarized,and the risk control optimization suggestion is proposed.Finally,the general proposal for risk control of real estate trusts is proposed.Affected by macroeconomic factors,financial policy factors,macroeconomic policy factors,real estate trust market supply and demand risks,project sales risks,liquidity risks and corporate financial risks are the main risks at present.Trust companies should do a good job before the project is established.Research,optimize business models and income distribution mechanisms,improve risk control levels,and establish a mature risk control system. |