Research On The Innovation Of Financing Mode Of ZL Real Estate Company

Since 2017,the state's regulatory policies have been promulgated one after another.And the strict regulation has landed one by one.New loans for real estate companies have begun to decline,and the winter of real estate financing has begun.Real estate development is a system engineering with intensive use of capital and huge investment.China's real estate enterprises are generally faced with shortage of funds.Without better recourse to a wide range of real estate financial instrument open up finance channels and reduce or spread risk,real estate companies are at risk of financial crisis.At present,many real estate enterprises in our country rely too much on bank loans,and the types of loans and operating methods are relatively single.With the macro-regulation of real estates and the implementation of financial policies,the real estates industry began to enter a capital era,and the source of real estate funds and the operation structure of funds are not matched.The issue of excessive concentration of funds in banks has begun to become prominent.From the current situation of real estate industry in our country,how to raise funds reasonably and effectively and reduce the financing risk is an urgent issue.In practical significance,financing is the way and process by which the operating entity obtains funds.The financing mode is that the operating entity conducts decisionmaking analysis according to its own operating ability,capital strength,and development planning.At a certain point in time,it uses a certain method to finance investors or creditors through a cooperative channel to ensure the normal operation of the operating entity.As a capital-intensive enterprise,the real estate industry not only plays an important role in the development of enterprises,but also has become an important issue that affects the development of enterprises because of its direct impact on the raising and operation of capital.Due to the large gap between financing channels of real estates enterprises in China and the developed countries,and the attitude of the country to the real estate industry,this paper aims to study how to use ZL real estate financing model to study under the current national high-pressure situation.Combining MM theory,weighing theory,financing order theory and other financing theories,this paper analyzes its traditional financing model that relies on indirect financing,finds out the shortcomings,and compares domestic and foreign housing enterprise financing models according to financial growth cycle theory and entrusted agency theory.Innovative financing models such as private equity co-financing,ABS and REITs,which are suitable for ZL real estate companies,can also provide reference value for other real estate companies facing the same financing problems.Through systematic analysis of the financing channels and financing status of China's ZL real estate companies,as well as quantitative analysis of financing cases,the purpose of this article is to find the best financing model suitable for ZL real estate companies,and to seek better management models to improve the efficiency of capital use.Based on the foreign financing methods with good operating results,analyze the feasibility and possible problems or risks of ZL real estate company's financing method innovation,and combine the current policies and economic environment of China to propose new financing methods that ZL real estate companies can choose from.The advanced experience of foreign real estate financing broadens the financing channels of ZL Real Estate.The conclusion of this paper is that enterprises should appropriately use new financing methods for financing,take attention to the risks behind all kinds of financing methods,reasonably find and use new financing models suitable for the development of the enterprise,excessive dependence on a certain financing model will make the enterprise pay high financing costs in the later stage,increase the financing risk of the enterprise,limit the refinancing ability of the company,and provide the enterprise There are huge financing hidden dangers.