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2004年5月17日,中国证券会批准设立中小企业板块,亮了六年之久的中小企业上市红灯,终于闪亮绿灯!对中国数以万计的房地产业中小企业来说,同样是个惊喜,但正遭遇政策的现实处境,使得他们的资本化前路仍是一片迷茫。地产融资的黄金前景房地产证券化大路的正前方堆满黄金,吸引大量融资者纷纷上路去前往车载船泊。上了市的房地产公司融资令人眼馋嘴动。一次性融资十数亿,一次性再融资又是十数亿。让众多只会运作房地产项目而不熟悉金融运作的地产商们目瞪口呆。2002年6月13日,万科首次发行可转债,一次性融资15亿人民币,这是中国国内第一家上了市的房地产公司发行可转债。而万科在上市后11年中,不包括这次可转债融资,还有另外5次融资,共达16亿,加上15亿,共计31亿多人民币。可转债15亿可以直接到帐,融资迅速、快捷、低成本,(万科可转债利率5%,比到银行贷款节约5千万人民币!)万科凭借雄厚的资金势力和品牌优势,展开了新一轮扩张:万科已完成开发产品26个,在建开发产品23个,拟开发土地35个)。
On May 17, 2004, China Securities approved the establishment of a small and medium-sized enterprise (SME) segment. After six years of listing of small and medium-sized enterprises, the red light finally shone green! For the tens of thousands of real estate SMEs in China, the same is a Surprise, but are facing the reality of the policy situation, making their way of capitalization is still a confused. Real Estate Financing Gold Prospects Real Estate Securitization Road is full of gold just in front, attracting a large number of financiers have been on the road to go to the car ship. Real estate company financing on the city charismatic mouth. One-time financing of billions, one-time refinancing is billions. Many real estate developers who are not familiar with financial operations will be stunned by so many real estate projects. On June 13, 2002, Vanke first issued convertible bonds and raised RMB1.5 billion in one-time financing. This is the first convertible bond issued by a listed real estate company in China. Vanke in the 11 years after listing, excluding the convertible bonds financing, there are five other financing, a total of 1.6 billion, plus 1.5 billion, a total of more than 3.1 billion yuan. Convertible bonds 1.5 billion can be credited directly to the rapid financing, fast, low-cost, (Vanke convertible bonds interest rate of 5%, than the bank loans to save 50 million yuan!) With strong financial forces and brand advantages, launched A new round of expansion: Vanke has completed the development of products 26, under development 23 products, to be developed 35 land).