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

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

Author

Listed:
  • Zichao Lin

    (Wenzhou-Kean University)

  • Zihao Han

    (Wenzhou-Kean University)

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.

Suggested Citation

  • Zichao Lin & Zihao Han, 2022. "Financial Risks Under the Asset-light Operation Mode of Real Estate Enterprises—Taking Vanke Group as an Example," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 1374-1383, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_153
    DOI: 10.2991/978-94-6463-052-7_153
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