Dissertation > Excellent graduate degree dissertation topics show

Discussion on the practice of real estate finance new channels

Author: WangZuoQin
Tutor: YangQing
School: Fudan University
Course: Department of Finance
Keywords: Real estate development and financing Real estate securitization Foreign capital financing REITs Trust financing Protection of housing construction financing
CLC: F293.3
Type: Master's thesis
Year: 2011
Downloads: 829
Quote: 1
Read: Download Dissertation

Abstract

With the state-owned land use rights grant the introduction and improvement of the system of bidding, auction, original land transfer agreement is canceled, the development of land made to to become mainly rely on the financial strength from relying mainly on the transformation of social resources. In today's complex economic situation, the national macro-control policy after another, whether it is monetary level or industry-level regulatory policies, the traditional financing method, resulting in a growing number of limitations. Gradually reduce the reliability of the bank credit channel, and other channels involving financial innovation is still subject to the imperfections of the market and the legal environment. So through a variety of ways to raise as much money to solve the problem of stable smooth financing channels for real estate developers imminent. Actively explore various financing tool is the inevitable demand of real estate development companies, and is also an important issue to determine its survival. This research to the overall real estate finance financing channels as the object of study, and in accordance with the supply and demand of the main and different in nature, is subdivided into two sub-market is relatively fragmented: One is the development of commercial housing construction financing, and the second is the protection of housing construction development financing. Of affordable housing as an important part of the national housing system can not be ignored, more and more attention to the financing problems. The subject is more complex compared to commercial housing development, protection of housing construction financing, financing more specific requirements, ownership of recourse involving the government, financial markets, individual investors and institutional investors, this article will be the protection of housing construction financing and real estate construction financing tied grasp the global nature of the financing market, while responding to guide the direction of macroeconomic policy. In this paper, the status of the real estate development and financing, respectively, of the two sub-markets in emerging financing channels can be implemented. Summary of practical experience of developed countries, and of the applicability of discussions comparison group and case studies, and draw the main direction of the expansion of the real estate financing channels. Financing system for commercial housing development, future difficulty many restrictions in the legal environment and the macro-control, and therefore recommended that the financing channels pay more attention to the use of the existing conditions in the financial markets. Safeguards for the protection of housing system financing, foreign experience mainly to government-led investment, and our country is currently facing a huge construction spending pressures, support the Government alone can not achieve the goals, the financial support of the private sector must be introduced. In addition, the flexibility in the use of the special attributes of the social security fund and provident fund capital, for the protection of housing construction to provide a stable, long-term financing to ensure the future implementation of the process of clearing the obstacles to the legislative environment and market environment, can greatly promote the protection the smooth implementation of the housing construction.

Related Dissertations

CLC: > Economic > Economic planning and management > Urban and municipal economy > Urban Economics and Management > The real estate economy
© 2012 www.DissertationTopic.Net Mobile