简要分析我国房地产企业的风险构成,并从宏观角度指出目前我国房地产业的风险过多的集中于商业银行,并造成较高的金融风险,故而风险的合理分担是房地产业健康发展的一个前提条件。为此,提出融资创新机制应基于合理的风险分担,建立开发项目与民间资本之间的融资通道,并着重分析了房地产信托等四种主要的融资创新机制。 This paper briefly analyzes the risk composition of real estate enterprises in our country and points out from the macroscopic point that the risk of real estate in our country is too much concentrated in commercial banks and leads to higher financial risk. Therefore, the reasonable sharing of risk is a prerequisite for the healthy development of real estate industry . Therefore, it is proposed that the financing innovation mechanism should establish a financing channel between development projects and private capital based on reasonable risk sharing, and focus on four major financing innovation mechanisms such as real estate trust.