Clearing overdue corporate accounts and promoting healthy operation of real estate
2024-08-24
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No industry can be an island. This phenomenon is becoming increasingly prominent in the real estate sector and needs to be taken seriously.Recently, there is something that makes people worried. On August 19, Xi'an Construction Engineering, a construction company, announced that due to the combined influence of factors such as the macro environment, industry downturn and real estate regulation, the company's accounts receivable collection is currently delayed, resulting in a lack of liquidity and high pressure on bond repayment. There is also an issue of overdue accounts that makes companies worry. In 2022, more than a dozen real estate companies responded to the "housing ticket" resettlement in Harbin New District. Unexpectedly, the resettlement funds have not been fully redeemed on time, which has caused huge operating pressure on the companies.Arrears of corporate accounts are not a trivial matter. Once the company that is owed accounts suspends operations, it will not only cause the company itself to fall into financial difficulties and cause credit defaults, but also tens of thousands of people will lose their jobs. Most importantly, it may trigger a series of social problems.At present, the urban real estate financing coordination mechanism is gradually playing a role in alleviating the financial difficulties in real estate project construction to ensure that the work of ensuring the delivery of houses is carried out in an orderly and healthy manner.At the same time, we noticed the real estate data for January to July released by the National Bureau of Statistics on August 15. In terms of sales performance, in the first seven months, the decline in the sales area and sales of newly built commercial housing were narrower than in the previous six months, indicating that real estate sales have improved. However, from the specific data, from January to July, the sales area of newly built commercial housing was 541.49 million square meters, a year-on-year decrease of 18.6%; the sales of newly built commercial housing was 533.3 billion yuan, a year-on-year decrease of 24.3%.From these data, we can see that real estate companies are still facing a tight financial situation, which in turn affects the real estate construction area, new construction area and investment in land acquisition. For example, in terms of land acquisition, from January to July, the total amount of land acquired by the top 100 companies was 430.7 billion yuan, a year-on-year decrease of 38%, and the decline was 2.2 percentage points larger than that from January to June. Under the dual pressure of funds and the market, real estate companies have to continue to show a more cautious attitude towards land acquisition and investment.In fact, the central government attaches great importance to the problem of overdue accounts payable to enterprises. The State Council executive meeting held on April 12 this year also specifically studied measures to improve the long-term mechanism for solving the problem of overdue accounts payable to enterprises. Solving the problem of overdue accounts payable to enterprises is not only related to the improvement of the business environment, but also to the overall economic recovery. For construction and real estate companies, overdue accounts payable to them may lead to the problem that the companies cannot hold on and collapse, which is a situation that must be resolutely avoided.For various types of overdue accounts of construction and real estate enterprises, relevant departments should not only attach great importance to them, promote special actions to clear debts with high quality, solve the current stock of debts, but also work hard to improve long-term mechanisms and resolutely curb "clearing while owing" and "clearing and owing again". In particular, we should focus on the problem of local governments owing accounts to enterprises and large enterprises owing accounts to downstream enterprises, further increase the violation costs of the defaulting entities, and reduce the rights protection costs of the owed enterprises. We should truly follow the requirements of the state and speed up the improvement of relevant laws and regulations and system regulations such as project price settlement and commercial bill management, so that the long-term mechanism can be smoothly operated as soon as possible, so that the enterprises with overdue accounts will no longer wait indefinitely, and ensure the integrated development of construction enterprises, real estate enterprises and upstream and downstream enterprises, large, medium and small enterprises, which is related to the important goals of stabilizing the market, protecting people's livelihood and building a new model of real estate development. From this point of view, this matter is of great importance. Solving the problem of overdue accounts of enterprises in the real estate field cannot be delayed or delayed. Solving the difficulties and relieving the difficulties of enterprises is actually accumulating strength for high-quality development.(This article was published in China Real Estate News on August 26, Page 1. Editor: He Kexin)
Editorial Board Member on Duty: Li Hongmei
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