Research On ABS Financing Mode Of Supply Chain Finance Of Real Estate Enterprises

As one of the immportant sectors of China’s national econommy,the real estate industry has the characteristics of capital-intensive.Therefore,adequate financial support is particularly immportant for the development of real estate enterprises.With the continuous development of China’s mmarket econommy and the continuous updating of financing mmeans,under the background of China’s increasing strict control over real estate commpanies,the financing mmodel of asset securitization(ABS)has begun to enter the sight of real estate co mmpanies.ABS mmode provides a new solution for real estate commpanies to solve capital turnover difficulties by relying on the transaction of mmeans of production between real estate commpanies and their supply chain commpanies.At the samme timme,ABS mmode can also play a role in easing the capital tension of enterprises upstream and downstreamm of the supply chain and reducing the financing costs of enterprises.This paper takes M real estate company’s supply chain finance ABS financing as an example and explores the financing model and financing effects of this financing method.In terms of the financing model,it primarily analyzes the fundamental theoretical knowledge of ABS financing,including the participants,the construction and operation process of the underlying asset pool,and the account management and fund collection pathways.Regarding the effects of ABS financing,it examines the external and internal effects of M real estate company’s utilization of supply chain finance ABS financing.Additionally,it discusses the risks associated with the application of the supply chain finance ABS financing model by M real estate company and provides suggestions for improvement.This study finds that supply chain ABS financing provides a new financing option for real estate companies.This financing method offers advantages such as flexibility,transferability,and diversification,helping to extend the accounts payable period for real estate companies and address the funding shortages faced by small and medium-sized enterprises in the upstream supply chain,ultimately promoting the sustainable development of suppliers and core real estate companies.From a financing perspective,the issuance of the special-purpose plan by Company M has led to significant improvements in stock price,operational capability,profitability,and financial situation in the short term.However,the long-term impact is relatively limited.Although the issuance of the special-purpose plan has positive effects on the company’s performance and stock price in the short term,its long-term impact is relatively small.Furthermore,the use of supply chain ABS financing requires a higher scale and financial strength from the core enterprises,thus carrying certain risks.Therefore,we can reduce the risk by standardizing the entry threshold of ABS financing partners and strengthening the risk control of the companyThis study not only provides a new perspective for real estate companies to use the supply chain finance ABS financing model,but also enriches the research on the financing effects of supply chain finance ABS and provides a new model to alleviate the financing constraints of enterprises.