129823520779687500_533Some enterprises accelerate the pace of overseas financing
Recycling rate reduces the property market, bank credit tightening, the secondary market of real estate refinancing under the influence of factors such as the valve closed, developers faced significantly abnormal pressure of the money chain this year. People in the industry believe that, since the beginning of this year a number of overseas financing housing and enterprise action frequently, some enterprises are obtaining funds through various channels to market, relative to the current financing environment in China, overseas financing more independenceSpecial advantages.
Housing enterprises accelerate overseas financing since the beginning of this year, because the domestic financing valve remains closed, part of the room rate of overseas financing process is speeding up. Since the beginning of this year, by way of the overseas financing of listed companies are not uncommon. In April alone, in the sea and China resources enterprises received $ 6.2 billion respectively of the two House of overseas syndicated loans and $ 800 million. According to statistics, the first in April of this year
wow cd-key, the twoEnterprises in the overseas market, raise about $ 12.7 billion, respectively
Rift CD-key, and $ 5.4 billion, mainly takes the form of syndicated loans and issuing bonds. Initiatives to build overseas finance platform is also significant. Wanke announced in recent days, wholly-owned subsidiary of China vanke real estate (Hong Kong) limited and Wing Tai properties limited agree, after reorganization of the South Union real estate holdings, China vanke resetIndustry, through its wholly-owned subsidiary Wkland Investments Company Limited to about $ 1.079 billion Hong Kong dollars to yongtai real estate acquired after the reorganization of the South Union real estate 192 million shares, after the reorganization of the South Union real estate has about 73.91% of the total number of shares issued. Not long ago, the investment real estate holding subsidiaries ruijia castPreference-funded industrial limited is a member of wholly-owned subsidiaries into investment company limited and China respectively, and the Greatest Mark Limited reached an agreement, purchase them separately held East of industrial and 66.18% in the holdings limited shares. Industry points out that, by holding South Union real estate and East of industry, branches andCommercial real estate will be overseas-listed company financing, help to broaden the financing channels and drawing on overseas experience in real estate development.
Beijing Zhongyuan real estate Director Zhang Dawei pointed out that the room rate of gap is large, and domestic higher financing costs, the housing financing channels for enterprises to explore overseas to ease the financial pressure. Valve closed real estate equity financing policies to increase room for manoeuvre and enterprisesEquity financing in the secondary market more difficult.
However as the deposit reserve rate cut, just need to enter the market, cash-strapped state of the property market appears to have eased. Wind data show, 2011, the real estate industry in Shanghai and Shenzhen have only 5 successful access to equity finance of listed companies. Jinke shares through the financing of additional 4.706 billion yuan, silver billion shares, tieling newRaised $ 3.316 billion and $ respectively.
Industry insiders said, current secondary market regulators have not re-opened and Enterprise equity finance gate, most of these companies because of their issuance, restructuring programme had been approved before such special reasons, take place. Poly real estate refinancing road is bumpy. Back in April 2010, will throw a non-public offering of shares of the companyCase, it was not until April 2011, refinancing is not lined. Since then, the company is to extend the programme period 12 months.
In November 2011, the company combined with capital market to raise investment and financing environment and project progress, decided to withdraw its application for a non-public offering of shares of stock. Judging from the listed room rate of cash flow, cash flow in the first quarter over the same period last yearBetter, but still in the "net outflows" situation.
According to 146 listed enterprises in the first quarter of this year net cash flows from operating activities totalling $-17.199 billion,-$ 44.491 billion over the same period last year. Worthy of note is the
SWTOR Power Leveling, recent pick-up in trading volume of the property market, some relief to the developers of financial pressure. Beijing Zhongyuan real estate market researchAccording to the national commercial housing turnover early in the 54 cities May reach 141,400 units, representing April rose 22.8%. Dawei Zhang pointed out that qualify for house buyers to enter the market, and to a certain extent, ease the financial pressure of developers.
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