| The state’s supervision over real estate enterprises has become increasingly strict.The "Three red lines" indicators of the new policy of real estate enterprises gives quantitative indicators to the control of financing of real estate enterprises for the first time.When many substandard real estate enterprises are in the dilemma of reducing the debt ratio,J real estate enterprise successfully reduced the debt ratio indicator to within in the required range in 2021,however,the cash short debt ratio has dropped significantly beyond the standard level.Optimizing financing methods,improving financing quality and strengthening financing ability is the top priority of J real estate enterprise.With the introduction of relevant policies to improve the financing market of real estate enterprises,the research on the optimization of the financing methods of J real estate enterprise under the new real estate policy in this paper has practical significance to J real estate enterprise and other real estate enterprises.First of all,this paper elaborates and analyzes the current situation of J real estate enterprise’s sales financing,supply chain financing,loan financing,bond financing,equity financing and other financing methods from the historical data and change tendency.Secondly,it further analyzes the problems of J real estate enterprise’s financing methods,such as,overestimation of its true solvency,high potential repayment costs and risks,difficulty in controlling the financing amount of investment income and limited refinancing ability.At the same time,it points out the two major reasons that lead to the above-mentioned problems: the continuous impact of the leftover problems caused by the historical financing situation of J real estate enterprise and under the pressure of strict supervision of the new real estate policy.Correspondingly,it expounds the necessity of optimizing the financing methods proposed by J real estate enterprise from the internal and external aspects,the inevitable need for the development of J real estate enterprise and the need to meet the supervision requirements of the new real estate policy.Thirdly,based on the general principle of optimizing the financing methods of J real estate enterprise under the new real estate policy,this paper puts forward the goal of meeting the "Three red lines" indicators,improving the financing structure,and effectively controlling financing cost and financing risk.According to the logical relationship between the balance sheet for management and the profit statement for management,this paper forecasts the financing demand of J real estate enterprise.On the basis of calculating the cost of different financing methods and considering the actual situation of J real estate enterprise,this paper proposes a plan to meet the new financing needs that can be referred to by J real estate enterprise,and proposes specific ways to improve the source of operational financing,adjust the debt financing structure,strengthen equity financing and asset securitization financing.Finally,according to the current situation and problems of J real estate enterprise ’s financing methods,the prediction of financing demand,and the scheme and realization way of new financing demand,this paper expounds the expected effects of J real estate enterprise’s financing methods optimization,such as more reasonable financing structure,reduced financing cost and financing risk,and strengthened financing capacity sustainability.At the same time,according to the analysis of the above contents,this paper proposes that J real estate enterprise should strengthen capital accumulation and management,strengthen financing planning and monitoring,and improve the efficiency of financing use.Studying the optimization of J real estate enterprise’s financing methods under the new real estate policy will help enrich the relevant research on the financing methods of real estate enterprises under the new policy,help J real estate enterprise to provide reference financing methods optimization ways and safeguard measures to enhance its financing ability,and help other real estate enterprises to provide references to promote the overall healthy and long term development of the real estate industry. |
