Research On The Motivations And Effects Of Supply Chain Financial Asset Securitization Financing Of Real Estate Enterprises

Real estate industry is the pillar industry of our national economy.It has the characteristics of capital-intensive.Therefore,sufficient and stable capital flow is very important for the production and operation of real estate enterprises.However,with the increasing competition in the industry and the deepening of the relevant national regulatory policies,real estate enterprises are facing a more severe internal and external environment,especially in terms of financing.The limitations of traditional financing methods force real estate enterprises to find new financing ways.At this time,under the background of the continuous development of financial innovation and the continuous improvement of capital market,the securitization of supply chain financial assets has brought a new way to finance real estate enterprises.As an innovative financing mode,it combines the advantages of asset securitization and supply chain finance,and thus becomes an innovative financing mode that attracts much attention of real estate enterprises.Each financing method has its advantages and disadvantages.Through detailed analysis,it can help enterprises to make better financing choices.Therefore,this paper takes the motivation and effect of supply chain financial asset securitization financing of real estate enterprises as the guidance,takes literature analysis,case analysis and comparative analysis as the analysis methods of this paper,and takes B Group's supply chain financial asset securitization financing as an example to analyze its implementation motivation,cost-effectiveness,impact on financial statements and the possibility.This paper makes a detailed analysis of the existing risks,provides case studies and Enlightenment for other real estate enterprises,and puts forward some suggestions to ensure that real estate enterprises better implement the supply chain financial asset securitization financing.Through specific case studies,this paper draws the following conclusions:(1)Supply chain financial asset securitization financing can help real estate enterprises get a large amount of financial support around supervision;(2)Supply chain financial asset securitization financing can help real estate enterprises broaden financing channels and optimize financing structure,thereby reducing the risk that may be brought by the single financing structure;(3)Supply chain financial asset securitization financing can help real estate enterprises adjust the payment rhythm of accounts payable,and then enhance the ability of upstream payment,alleviate the pressure of centralized payment;(4)Supply chain financial asset securitization financing can successfully achieve “out of the statement”,so it can effectively optimize the financial statements of real estate enterprises,thus laying a good foundation for subsequent financing of enterprises.(5)For real estate enterprises,the financing cost of supply chain financial asset securitization is higher than that of traditional debt financing,and there may be interest rate risk,operational risk and partner risk in the process of implementation.Therefore,enterprises should constantly improve their ability to resist risks and management system in order to better play the effectiveness of this innovative financing mode.