Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Financial Risks Under the Asset-light Operation Mode of Real Estate Enterprises—Taking Vanke Group as an Example

Authors
Zichao Lin1, *, Zihao Han1
1Wenzhou-Kean University, WenZhou, 325060, Zhejiang, China
*Corresponding author. Email: 1129442@wku.edu.cn
Corresponding Author
Zichao Lin
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_153How to use a DOI?
Keywords
Factor Analysis; Financial Risk; Light Asset; Vanke Group; Financial Ratios
Abstract

The real estate market has boomed in recent years, and real estate companies seek profits by hoarding land and building properties through an asset-heavy model. However, with the emergence of national macro-control policies such as “housing is for living in, not for speculation” and “price limit order”, the asset-heavy model is no longer suitable for the development of current real estate companies. More and more real estate companies are starting to transform and upgrade to an asset-light model. In order to understand the impact of the asset-light model on the financial risks of real estate companies, this article will use the Vanke Group as an example to construct a financial risk assessment model through the relevant financial ratio analysis and factor analysis to evaluate the financial status of the Vanke Group from 2011 to 2021. The research results show that light assets can resist financial risks to a certain extent. This research hopes to provide some references for other real estate companies.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_153
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_153How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zichao Lin
AU  - Zihao Han
PY  - 2022
DA  - 2022/12/27
TI  - Financial Risks Under the Asset-light Operation Mode of Real Estate Enterprises—Taking Vanke Group as an Example
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1374
EP  - 1383
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_153
DO  - 10.2991/978-94-6463-052-7_153
ID  - Lin2022
ER  -