我国房地产企业上市融资方式的选择  

Choices of Money Collection for Real Estate Enterprises in Stock Exchange

作　　者：张维[1] 

机构地区：[1]河南工程学院,河南郑州451191

出　　处：《郑州经济管理干部学院学报》2007年第4期55-57,共3页JOurnal of Zhengzhou Economics & Management Institute

摘　　要：房地产业作为一个资金高度密集性行业,如果不借助各种融资手段,将寸步难行。目前我国房地产企业融资的最显著的特点就是融资渠道单一,主要依赖商业银行贷款。房地产业对银行信贷资金的高依赖性,给房地产企业的持续健康发展带来了十分不利的影响,特别是随着国家宏观调控力度的加大,银行信贷政策的每一次变化和调整都对企业产生巨大的冲击和影响。针对这种情况,越来越多的房地产企业开始尝试通过资本市场融资,部分房地产企业甚至走向了香港市场融资。我国房地产企业应根据自身情况合理选择融资方式。Real estate as a highly capital -intensive industry, its development projects require huge amounts of capital. Without the help of various means of financing, development of enterprises will be unable to move. Currently, the most notable characteristic of China~ real estate financing businesses is a single financing channels largely relying on commercial bank loans. Real estate funds for bank credit the high dependence of real estate enterprises to the sustained and healthy development of a very negative impact, especially with the state＇s macro regulation and control of the increased bank credit policy every time changes and adjustments have to have a tremendous impact and influence on enterprises. In light of this situation, more and more real estate businesses began to finance through the capital market, some enterprises even went to the Hong Kong market financing. This paper seeks approval of the A share market, H shares and red chips market financing of the market compared to mainland enterprises issuing shares to provide a reference.

关 键 词：房地产企业 股票上市 融资方式 A股 H股 红筹股 

分 类 号：F832.21[经济管理—金融学]