房地产企业主导的房地产投资基金的研究

发布时间：2018-04-09 05:19

本文选题：房地产市场　切入点：基金　出处：《首都经济贸易大学》2014年硕士论文

【摘要】：改革开放后，随着中国经济进入快速发展轨道，中国房地产行业获得了二十年左右的迅速发展机遇。房地产板块作为支柱性产业，在我国经济体系中具有十分重要的地位。房地产行业属于资金密集型行业，其行业特点为项目建设运作时间长，投入资金量较大，同时需要较长时间周转期，所以资金问题对于房地产行业来说至关重要。房地产行业发展需要有充足的资金来源作为发展支撑及动力，但目前房地产融资渠道相对较窄，资金主要依赖于银行或影子银行，防范资金风险的能力较弱，因此目前国内房地产行业发展客观上要求学习引入国外相对成熟的金融房地产发展模式，大力发展房地产投资基金。结合中国房地产行业实际发展现状及国内经济环境，由房地产企业主导的房地产投资基金将具备更加良好的市场前景和发展机遇。中国的房地产行业、金融行业均处于高速发展，但产业结构并不完善，行业存在问题较多，需要要有一个发展中不断发现问题、不断修正、完善的过程。本文将结合中国实际情况从房地产行业以及私募基金两个角度进行分析，阐述房地产行业及私募基金的概念、类型、运作方式等基本情况。同时借鉴国外成熟市场的发展经验，刨析国内实际操作案例的经验教训，，分析在中国如何发展房地产企业主导的房地产投资基金，并针对在不同阶段房地产市场中的盈利模式，对房地产投资基金的发展提出建议。
[Abstract]:After reform and opening up, with the rapid development of Chinese economy, China's real estate industry has got a rapid development opportunity for about 20 years.As a pillar industry, real estate sector plays an important role in China's economic system.The real estate industry is a capital-intensive industry, which is characterized by a long construction operation time, a large amount of investment, and a long period of time, so the capital problem is very important to the real estate industry.The development of the real estate industry needs sufficient capital sources to support and drive the development. But at present, the financing channels of real estate are relatively narrow, the capital mainly depends on the banks or shadow banks, and the ability to guard against the capital risk is relatively weak.Therefore, the development of domestic real estate industry objectively requires the introduction of foreign relatively mature financial and real estate development model, and the development of real estate investment funds.Combined with the actual development of China's real estate industry and the domestic economic environment, real estate investment funds led by real estate enterprises will have better market prospects and development opportunities.China's real estate industry and financial industry are developing at a high speed, but the industrial structure is not perfect, and there are many problems in the industry.This paper will analyze the real estate industry and private equity fund from the perspective of real estate industry and private equity fund, and explain the concept, type and operation mode of real estate industry and private equity fund.At the same time, using the development experience of foreign mature market for reference, analyzing the experience and lessons of domestic practical operation cases, analyzing how to develop real estate investment funds dominated by real estate enterprises in China, and aiming at the profit model in different stages of real estate market.To the development of real estate investment funds put forward suggestions.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.23;F832.51

【引证文献】