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在2007年前三季度,金融市场流动性过剩,房地产开发商融资渠道非常畅通。特别是证券市场融资,为上市的房地产企业提供了充足的资金储备。但是,在2007年的第四季度,银根紧缩,宏观调控,IPO受阻成为市场主旋律,在此背景下,多元化融资是国家宏观调控背景下房地产业的必然选择,房地产金融面临的主要问题,不是房地产信贷政策的松紧,而是房地产融资渠道的宽窄问题。
In the first three quarters of 2007, there was excess liquidity in the financial markets and financing channels for real estate developers were very smooth. Especially the securities market financing, for the listing of real estate companies with adequate funding reserves. However, in the fourth quarter of 2007, monetary tightening, macro-control and IPO blockade have become the main themes of the market. Against this background, diversified financing is an inevitable choice for the real estate industry under the macro-control of the state and the main problem faced by real estate finance is not Real estate credit policy is tight, but the real estate financing channels width problem.