房地产融资外文翻译

外文资料及中文译文1RealestatefinanceresearchTrigeorgisL.AlongwiththerapiddevelopmentofChina'seconomy,therealestateindustryhasbeendevelopedrapidly.Nowgrowthforthepillarindustryofthenationaleconomy.Therealestateindustryisaverybigofcapitaldemandofindustry,belongstothecapitalintensive.Therefore,thefinancingofrealestateenterprisesareparticularlyimportant.Butmanyforeignrealestatedevelopmentandthehigherlevelsofourcountry,therealestatefinancestillexistmanydeficiencies.BasedontherealestateenterprisesofChinaforthepurposeoffinancingchannels,inrealestateenterprisefinancingsystemofforeignrealestateenterprisefinancingtheory,andthefinancingchannelsofpracticalexperience,thechoiceforrealestateenterprisesinChinaandthefinancingchannelsoffinancingchoicetheoryandpracticeofthecurrentsituationofthebasis,tostudybasedonrealestateenterprisefinancingchanneloptimizationmeasures.Inrealestateenterprisefinancingtheory,mainlydiscussestheconceptsofrealestateenterprisefinancingtheoreticalconnotation,therealestateandfinancialrelationshipofrealestateindustry,andtheimportantfunction,Analyzedtheinfluenceoftherealestateenterprisestochoosethefinancingchannelsoffinancingcosts,themainfactors:theenterpriseinternalmanagementstatus,securitiesmarketconditionsandtheoveralleconomicenvironment,Thinkoftheestateenterprisefinancingchannelselectionprinciplesmainlyincludesthebenefitprinciple,principle,theprincipleofcredibilityofrelatedresearchachievementsintheoryarereviewed.Inforeignrealestateenterprisefinancingchannelsoffinancingandchoosefromtheoverallexperienceinpractice,analysisandtypicalcountriesbothpracticalexperience,analysistheUnitedStatesandSingapore'sactualoperationmethod.Summarizedthemaininspirations:oneistoimprovethefinancialmarket,realestate,Twoistorealizethefinancingchannelsofdiversification,Threeistoperfectloanguaranteesystem,Fouristohaveplentyoffinancialinstruments.Ontheanalysisoftherealestateenterprisefinancingandthefinancingchannels,topresentchoosebankloans,bonds,equityfinancing,utilizingforeigninvestment,realestatetrusts,pre-sales,self-raisedfundsetcexistingrelatedfinancingchannelareanalyzed,basedonthecurrentrealestateenterprisesinChinaaresummarized,themainproblemsoffinancing,financingchannels,includingrelyheavilyonbanklending,self-capitalisseriouslyinsufficient,imperfectsystem,etc.Thinkoftheseissuesforrealestateenterprises,andrestrictedbankfinancingforenterpriseandthedevelopmentofnationaleconomyandevenbringalotofrisks,includingtheliquidityrisk,debtrisks,theriskofbubbles.Inthepaper,onthebasisoftheresearchinChina'srealestateenterprisefinancingproblemsandoptimizeourrealestateenterprisefinancingchannelsofactualneed,fromconstructsdiversifiedfinancing2mode,constructdifferentdevelopmentstagesoftheestateenterprisefinancingchannels,realestateenterprisefinancingoptimizedsupportingsystemdiscussedinrealestateenterprisesareputforwardthecountermeasuresoffinancingchannels.Finally,thepapersummarizestheresearchconclusion,pointedouttheshortcomingsoftheresearch.Therealestateasbackboneindustriesofnationaleconomy,thedevelopmentofthenationaleconomyplaysanimportantrole.Whiletherealestateindustryisatypicalcapital-intensive,sufficientfundstosupportthedevelopmentofrealestateindustryisveryimportant.China'srealestateindustry,since1998innineconsecutivemaintaingrowththanGDPgrowthinthecountry'ssituation,onthemacrocontroloftherealestatebubble,issuedonland,thefinancialaspectsofpoliciesandregulations,forrealestatedevelopmentoftherealestateenterpriseslimitedcapitalchain,facingtheincreasinglyseriouschallenges.Howtosolvethedevelopmentofrealestate,isalreadyeachcapitalbottleneckforrealestateenterprisesarefacedwiththeproblemofmajorurgentlytobesolved.Atpresent,China'srealestateenterprisemainlyrelyonbankloanscapitaldemand,alargeenterprisestartedlisting.However,onlyinthiswaycanverygoodtworealestateenterprisesinsolvingcapitalrequirementsofsmallandmedium-sizedenterprises,especiallyforrealestate.Sorealestatefund,realestateinvestmenttrustandotherfinancialinnovation.ZhangWenofrealestateindustrythroughitsowncharacteristicsandtherealestateindustryhasgreaterinfluenceontherelevantfactorswerestudied,anddiscussesthecurrentdomesticrealestateenterprisefinancingchannelandcharacteristics.Basedonthecurrentrealestateenterprisefinancingcharacteristicswereanalyzedandthescientificdemonstration,usingthesystem,thedevelopmentviewofChina'srealestateenterprises,thispaperexpoundstheexistingproblems,andputsforwardsomeimprovementSuggestionsoffinancingstrategy.Andthroughtheanalysisoftheadvantagesanddisadvantagesofvariousmainfinancingconstraintsandcost,policy,summarizesandrealestateenterprisesmustadoptdiversifiedfinancingmode,accordingtothedifferentlifecyclestagestochooseappropriateoneselfoffinancingmode,inordertobettersolvethefinancingdifficultiesofproblem.Chinarealestateenterprisefinancingtheorytostudylate,sofortheChineserealestateenterprisefinancingtheoryresearchisstillintheinitialstageofChina'srealestateenterprises,especiallythefinancingefficiencyofin-depthresearch,especiallyinChinarealestateenterprisemostsmallscale,c