Study On Optimization Of Development Financing Structure Of Beijing Investment Corporation

The real estate industry is the main power industry in the domestic social and economic development,is also an indispensable industry,and the stable development of the real estate industry has a profound impact on social and economic growth.Because of the large demand for capital,the real estate industry reflects the characteristics of high efficiency,high risk and high return.The investment and financing behavior of domestic real estate enterprises has also become the focus of public attention.In recent years,the real estate industry has appeared overheated development phenomenon and house prices rising continually,thus forming a speculative market.Excessive house prices is not conducive to the development of people's livelihood to a certain extent,so the government out of the supervision of social and economic development and the importance of people's livelihood issues have introduced a number of regulatory policies,including financial policy,land policy,tax policy,and so on,in order to limit the rapid development of the real estate industry,at the same time,government constrains the financing behavior of real estate enterprises through various forms.In the first half of 2017,hotspot cities have stepped into the "five limits" era with limited purchase,loan limit,price limit,restricted,restricted business as the core,the second half of the relevant financial,restricted sale,housing leasing and other fields of policy is still in place,resulting in land costs and financing costs rising continually and other issues,then the housing market gradually entered the cold winter.Facing the problems of financing difficulties and increasing costs,domestic real estate enterprises should try a variety of financing models constantly,and optimize the financing structure,handle the problem of fund and demand mismatching and financing costs rising.Firstly,this paper summarizes the relevant literatures about the financing of the real estate industry at home and abroad,takes Beijing Investment Development Incorporated Company.(hereinafter referred to as "Beijing Investment development")as the research object,combining characteristics of real estate industry and the present situation of industry development,and analyzing the present situation of the financing structure of Beijing investment development from the angle of source of funds and found attributes.Then the situation of Beijing investment development financing structure is compared with two enterprises in the same industry-Vanke and Poly Real Estate,to find out the shortcomings and gaps in the financing structure of Beijing investment development,and to analyze the causes of financing structure problems from the external and internal environment.By comparing its sustainable growth rate with the real growth rate,we can find that Beijing Investment Development exists many problems,such as fast development and resource mismatching and so on.And design a short-term plan to optimize the financing structure of Beijing investment development and medium and long-term plan,combined with the concept of financial sustainable growth,and finally put forward corresponding supporting measures for the optimization scheme.