Guangdong University of Science and Technology, Dongguan, China
The real estate industry is one of the key industries of the country and plays an important role in promoting the healthy and stable development of China's economy. At the same time, it is also a key industry for the government to implement the "deleveraging" policy. While rapidly advancing the national strategic layout of the real estate industry, the scale of debt continues to increase, highlighting the problems in capital structure. The characteristics of the real estate industry, coupled with China's ever-changing and complex economic environment, make choosing a reasonable capital structure crucial for the operation and development of enterprises. In the context of deleveraging policies, this article uses a case study method to analyze the problems and reasons in the capital structure of CFLD. It proposes strategies to optimize the capital structure, such as reasonably reducing the asset liability ratio, accelerating the pace of deleveraging, increasing the proportion of non-current liabilities, and balancing the debt structure of enterprises. This not only helps the company improve its capital structure under the premise of deleveraging. Moreover, it has important reference significance for enterprises to achieve high-quality development, and also provides a certain reference for optimizing the capital structure of other real estate enterprises.
real estate industry; de-leveraging; capital structure
Wencheng Wang. A Study on the Capital Structure of China Fortune Land Development Co., Ltd. under the Background of "De-Leveraging". Academic Journal of Business & Management (2023) Vol. 5, Issue 10: 98-104. https://doi.org/10.25236/AJBM.2023.051016.
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