發(fā)布時(shí)間：2018-03-18 18:49

  本文選題：商業(yè)地產(chǎn)　切入點(diǎn)：REITs　出處：《對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：對(duì)于房地產(chǎn)業(yè)來(lái)說,資金就是企業(yè)的生命線,融資工具的使用,關(guān)系著企業(yè)能否持續(xù)健康發(fā)展。近年來(lái),我國(guó)房地產(chǎn)調(diào)控政策對(duì)市場(chǎng)產(chǎn)生了巨大影響,土地價(jià)格上漲,融資渠道收窄,銷售難度增加,眾多房地產(chǎn)企業(yè)開始將“輕資產(chǎn)”作為企業(yè)長(zhǎng)遠(yuǎn)發(fā)展的戰(zhàn)略。在這樣的大環(huán)境下,我國(guó)房地產(chǎn)企業(yè)特別是商業(yè)地產(chǎn)企業(yè)如何擴(kuò)寬融資渠道,創(chuàng)?.新融資工具,利用資本市場(chǎng)激發(fā)資產(chǎn)活力,具有十分現(xiàn)實(shí)的意義。本文從針對(duì)地產(chǎn)企業(yè)融資現(xiàn)狀、常用融資工具的分析闡述開始,引出全球其他先進(jìn)國(guó)家和地區(qū)的資本市場(chǎng)中有利于商業(yè)地產(chǎn)企業(yè)開發(fā)運(yùn)營(yíng)的融資工具種類,并一一進(jìn)行說明。進(jìn)而立足我國(guó)房地產(chǎn)市場(chǎng),將凱德集團(tuán)這一具有新加坡資本背景的大型外資房地產(chǎn)集團(tuán)作為重點(diǎn)研究對(duì)象,分析其在國(guó)內(nèi)開發(fā)商業(yè)地產(chǎn)過程中重點(diǎn)使用并取得較好效果的“地產(chǎn)+資本”配對(duì)組合融資模式,通過對(duì)其代表性的CRCT產(chǎn)品的主要業(yè)績(jī)指標(biāo)和整個(gè)資本價(jià)值鏈設(shè)計(jì)的分析,提煉出適合我國(guó)商業(yè)地產(chǎn)開發(fā)運(yùn)營(yíng)企業(yè)可以借鑒的地方。同時(shí),通過系統(tǒng)梳理我國(guó)目前的房地產(chǎn)金融監(jiān)管政策的相關(guān)法規(guī)發(fā)展和主要商業(yè)地產(chǎn)企業(yè)在創(chuàng)新融資工具應(yīng)用方面做出的探索和嘗試,找出我國(guó)目前開展創(chuàng)新融資模式的阻礙,并相應(yīng)提出具有針對(duì)性的可操作的解決方案,希望對(duì)我國(guó)相關(guān)商業(yè)地產(chǎn)企業(yè)未來(lái)提升企業(yè)專業(yè)性和拓展融資渠道提供切實(shí)的支持。
[Abstract]:For the real estate industry, capital is lifeline of enterprises, the use of financing tools, related enterprises can sustainable and healthy development. In recent years, China's real estate control policy had a tremendous impact on the market, the price of land, financing channels narrow, difficult to increase sales, many real estate companies will be "asset light" as for the long-term development of the enterprise strategy. In this environment, the real estate enterprises in China especially commercial real estate enterprises to broaden the financing channels, create?. the new financing tool, the use of capital market assets to stimulate vitality, has great practical significance. This paper from the real estate enterprise financing present situation, analysis of common financing tool exposition start, leads is conducive to enterprise development and operation of commercial real estate financing tools to other global advanced countries and regions in the capital market, and explain them one by one. And based on our real The real estate market, the CapitaLand group which has a background of large foreign capital Singapore real estate group as the research object, analysis of the domestic commercial real estate development in the process of use and good effect of the "real estate + capital" match financing model, through the analysis of the main performance indicators of the representative of the CRCT products and the whole capital value chain design, extract the suitable for China's development and operation of commercial real estate companies can learn from the place. At the same time, through combing relevant laws and regulations of China's current real estate financial regulatory policy and the development of major commercial real estate enterprises in the application of innovative financing tools to explore and try to find out the current development financing mode innovation the obstacles, and put forward specific operational solutions, hope to the future of commercial real estate related enterprises in China enhance enterprises Professional and expanding financing channels provide practical support.

【學(xué)位授予單位】：對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F299.233.4;F832
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本文編號(hào)：1630853