毕业论文外文翻译中国房地产业融资渠道的创新研究原文%2B.docVIP

北京联合大学毕业论文外文原文及译文题目： 《新形势下房地产企业融资创新性分析》专业： 金融学 指导教师：学院： 管理学院 学号： 2007110303125班级： 071103031 姓名： 一、 外文原文 The Research on Financing Channels Innovation in Chinese Real Estate Industry According to the public information，the increasing rate in real estate investment hasobviously exceeded the fixed assets investment．Because real estate investment account forover 20 percent in the aggregate fixed assets investment in China，real estate industry hasdriven the society investment and played more and more important role in Chineseeconomy． Bank loans to the industry have ascended gradually since 1998．The loan volume has 3．been attained 6657 billion yuan in 2009， 2 times as much as that in 1998． At the sametimelpersonal house mortgage—backed loans has been increase dramatically．In last 6years，the rate of these loans to total personal consuming loans is about 75—97 percent.Chinese Current Status of House Financing Channels Financing channels of Chinese real estate enterprises are mainly focused on Bankcredit．Other channels like IPO，entrust，Bonds and special funds to obtain capital are ofquite less proportion．House mortgage—backed loans came into being in 1998．Beforethat，the money users were real estate companies.Generally，Chinese real estate industrygives priority to creditor’s rights financing． The financing structure shows unitarycharacteristics． Bank Credit is Main Channel for Chinese Real Estate Enterprises According to the operating process and capital chain figure of Chinese real estate lmarket，we could find that bank loan has been running through the whole process of landreservation，land transaction，development and sale．Commercial banks are almost the onlycapital providers of all principals in Chinese rea1 estate market． Real estate trust fund become Chinas relatively active financing form Our country has experienced three years of industries into again after thereorganization 2010 rapid development track of the real estate industry to the end of thetrust property 24.1 mi