民生银行昆明螺蛳湾国际商贸城三期信托项目评价

发布时间：2018-02-26 13:24

本文关键词： 房地产项目信托产品项目评价　出处：《昆明理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：近年来,房地产业对我国国民经济的影响口渐增大,行业性质决定了其不断增长的资金需求,房地产企业大多仍是采用银行贷款的方式进行融资。但是,房地产行业通常需要一个较长的过程才能实现销售或租赁资金的回笼,同时,由于房地产开发成本高、开发商自有资金一般低于20%等原因,资金短缺是开发商长期面临的问题。随着房地产调控政策的持续,我国实行适度从紧货币政策的背景下,银行贷款趋于紧缩状态,房地产企业再次陷入融资无门的困境。为了应对流动性紧缩的信贷政策,提高银行的资产收益率,各大商业银行纷纷大量发行信托贷款类理财产品。银行联手信托公司,将客户的资金以理财产品的形式集中起来向优质企业客户变相发放新贷款或者替换商业银行的存量贷款。房地产项目这样资金需求大,自有资金占项目总投资的比例不高的项目更需要以项目评价结果作为向银行融资的依据。商业银行发行信托贷款类理财产品同样需要对企业客户进行严格的评级筛选,对贷款项目进行全面评估,评判项目的可行性及经济效益,以降低贷款风险。本文回顾了项目评价理论以及银行信托贷款类理财产品的相关理论,讨论财务评价的理论和方法在房地产投资项目中的具体应用问题。本文以昆明螺蛳湾国际商贸城三期工程建设为研究对象,以项目的市场需求、建设条件、建设规模、投资估算、项口经济评价等作为研究重点,通过对调查收集的资料进行整理、分析,采用定性分析与定量评估相结合、静态分析与动态分析相结合的方法,对财务评价指标进行了测算并对项口盈利能力指标、偿债能力指标、不确定性分析进行评价,提出项目可能存在的风险因素；最后得出该项目的评价结论并提出规避风险的相关措施。通过系统论证以及计算分析,本文最终提出了昆明螺狮湾国际商贸城三期信托项目评价研究结论,证明了该项目财务上可行,经济上合理,民生银行可以开展该信托贷款类理财业务,并将本理财产品销售所汇集的资金投资于中豪置业公司。
[Abstract]:In recent years, the impact of real estate on our national economy has gradually increased, the nature of the industry determines its growing capital demand, real estate enterprises are still using bank loans to finance. The real estate industry usually needs a long process to realize the return of sales or rental funds. At the same time, because of the high cost of real estate development, the developer's own capital is generally lower than 20%. Capital shortage is a long-term problem faced by developers. With the persistence of real estate regulation and control policies, bank loans tend to tighten in the context of a tight monetary policy in China. In order to cope with tight liquidity credit policies and raise the return on assets of banks, the major commercial banks have issued a large number of trust and loan financial management products. Banks have joined hands with trust companies. The client's funds are pooled in the form of wealth management products to issue new loans or replace the stock loans of commercial banks to high-quality corporate customers in disguised form. Real estate projects have such a large demand for capital, Projects with small proportion of their own funds to the total investment of the project need to use the results of project evaluation as the basis for financing the banks. Commercial banks also need to carry out strict rating and screening of corporate customers when issuing trust and loan financial management products. To evaluate the feasibility and economic benefit of the loan project and reduce the risk of the loan. This paper reviews the theory of project evaluation and the related theories of bank trust and loan financial products. This paper discusses the application of the theory and method of financial evaluation in real estate investment projects. This paper takes the construction of the third phase of Luojiawan International Trade City in Kunming as the research object, taking the market demand, construction conditions and construction scale of the project as the research object. Investment estimation, economic evaluation and so on, through sorting out and analyzing the data collected from the investigation, adopting the methods of combining qualitative analysis with quantitative evaluation, static analysis with dynamic analysis, The financial evaluation index is calculated, and the profitability index, solvency index and uncertainty analysis are evaluated, and the possible risk factors of the project are put forward. Finally, the evaluation conclusions of the project and the relevant measures to avoid risk are put forward. Through systematic demonstration and calculation and analysis, this paper finally puts forward the evaluation and research conclusions of the third phase trust project of Kunming Luoshiwan International Trade City, which proves that the project is financially feasible and economically reasonable. Minsheng Bank can carry out the trust and loan business and invest the funds collected in the sale of this wealth management product in Zhonghao Home purchase Company.
【学位授予单位】：昆明理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.33;F832.49

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