论文部分内容阅读
国内房地产企业融资渠道主要是通过银行和预付款。大量的贷款绑架了金融行业,进而增加了整个国民经济的风险。2011年中央政府加大了对房地产的调控,大量缺乏准备的房地产公司一方面融资困难,另一方面资金回笼困难。因此,本文创造性的利用金融衍生工具原理为房地产企业设计两种低成本、低门槛、高效快捷的融资方式:附带期权的有息预付款;保值回购。
Domestic real estate financing channels mainly through banks and prepayments. A large number of loans abducted the financial industry, thereby increasing the risk of the entire national economy. In 2011, the central government stepped up its regulation of real estate. A large number of real estate companies lacking of funds have difficulty in financing while on the other hand, they have difficulty in returning funds. Therefore, this article creatively uses the principle of financial derivatives to design two kinds of low-cost, low-threshold, efficient and efficient financing methods for real estate enterprises: interest-bearing prepayments with options; hedging repurchase.