Impact Of Supply Chain Reverse Factoring ABS On The Financial Situation Of Real Estate Enterprises And Risk Analysis

As a typical capital-intensive industry,the real estate industry has a large demand for development funds.However,in addition to coping with increasingly fierce market competition,real estate companies must also face the pressure and impact caused by national macroeconomic regulation and control,relying only on their own funds.And the profit surplus of previous operations can not meet the actual needs,so external financing channels are critical to the normal operation of real estate companies,but traditional financing methods mainly include listed financing,bank loans and bond issuance.At this time,as The development of supply chain finance,the supply chain reverse factoring asset securitization,this emerging financing method has become a new channel for real estate companies to obtain funds,which can not only broaden financing channels,but also reduce factoring risk and meet market demand.Supply chain reverse factoring asset securitization is based on commercial factoring asset securitization of receivables and supply chain finance,which is "supply chain factoring ABS".Supply chain finance refers to "1 + N "," "1" means a core enterprise with a higher credit rating and stronger solvency,and "N" means a small and medium-sized enterprise that has a supply relationship with the core enterprise.The essence of the supplier is based on real business transactions.Credit is transformed into own credit to achieve lower cost financing.This article takes Vanke Enterprise Co.,Ltd.as an example,discusses the application of reverse factoring ABS in real estate companies in real estate enterprises,analyzes the rationality of the supply chain finance ABS interest rate setting,and compares the supply chain reverse factoring ABS interest rate with that of Vanke.Compare the interest rates of various financing channels with the financing rates of SMEs through factoring,small loan companies,and other channels such as Internet finance(online lending).Analyze whether the setting of reverse factoring ABS interest rates in the supply chain affects Vanke and Vanke.Whether all of the SME suppliers are favorable;and analyzes whether the use of supply chain financial reverse factoring ABS reduces the financial costs of the company,and improves the company's liability structure,making short-term The proportion of liabilities in total liabilities has decreased and the proportion of interest-bearing liabilities in total liabilities has decreased,alleviating the pressure on corporate funds,and reducing the risk of reverse factoring ABS in the supply chain from the basic asset level,the macro environment level,Analysis of risk identification and risk control at the due diligence level and transaction structure level,and finally proposed to optimize the quality of the underlying assets,The block chain technology,attention to changes in state policy recommendations to improve the supply chain such as the use of reverse factoring in housing prices in the ABS.