Ke Rui Real Estate Research Center pointed out that this year, housing enterprises mainly rely on "three quilts" to keep out the cold. Overseas financing, which was previously cold due to exchange risk, has become an important financing means for housing enterprises this year. In addition to overseas financing, asset securitization is also a financing channel for housing enterprises. It is worth noting that due to the policy restrictions on land acquisition funds of real estate enterprises, this year, the mode of establishing M&A funds in cooperation with financial institutions has been favored.

The year is approaching, and the capital chain of housing enterprises may be under pressure again. The reporter learned from the insiders that some banks are restarting stress tests at present, and the financial pressure of some developers will increase.

Although the tightening of monetary policy at the end of the year is a routine action of financial institutions every year, due to the shortage of domestic financing channels this year and the influence of policy regulation on sales repayment, the financial pressure of housing enterprises is superimposed. In this case, overseas financing, asset securitization and the establishment of merger and acquisition funds by joint financial institutions have become new ways for housing enterprises to raise funds.