In recent years, the government has continuously strengthened its control policies on the real estate market, which has brought great pressure on housing transactions. Under this background, it is very important to conduct financial risk analysis. This paper takes Vanke Co., Ltd. as the research object, selects its financial data from 2016 to 2019, analyzes its debt repayment risk, operating risk and profit risk, and on this basis interprets the reasons. Finally, it puts forward the conclusion of preventing risks: optimizing debt, improving debt solvency, diversifying operations, expanding financing structure, etc.

With the continuous progress of reform and opening up policy, our country's real estate industry has been developed continuously. As an important pillar industry, the existence and development of real estate enterprises play a very significant role for the stability of China's capital market and the national economy. For real estate is a capital-intensive industry, that's the reason why satisfying the capital needs has become the primary problem during its progress, especially in recent years. In the past few years, the government has introduced a series of regulatory policies that have restricted the financing channels of real estate enterprises. In view of this, this article explains the basic status of financing for real estate companies, and proposes existing financing problems and solutions based on Vanke's situation. With its strong promotion and practicality, this article aims to provide financing strategies for Vanke while providing additional financing strategies to other real estate companies in the same industry, which inspires to help solve the problems of financing difficulties for real estate companies.

Layered quasi-triangular Ce(OH)CO 3 assembled from primary nanoparticles was synthesized via a solvothermal method and converted into CeO 2 abrasive particles by calcination at 800−1000 °C. With the increase of calcination temperature, the primary particle size increased and the microstructure, mechanical hardness, and chemical activity of the CeO 2 particles changed, thus affecting the polishing performance. The calcined products obtained at 800, 850, and 900 °C maintained the layered edge structure of the Ce(OH)CO 3 precursor and had a relatively high specific surface area and surface Ce 3+ concentration. The samples calcined at 950 and 1000 °C lost the layered structure due to the large-scale melting of the primary particles, and their surface chemical activity decreased. The polishing experiments on K9 glass showed that, with the calcination temperature rising from 800 to 1000 °C, the material removal rate (MRR) first increased and then decreased sharply. The initial increase of MRR was attributed to the increase of mechanical hardness of the layered quasi-triangular CeO 2 , and the subsequent decrease of MRR was related to the decrease in surface chemical activity and disappearance of the layered edge structure. The product calcined at 900 °C had the highest MRR and best surface quality after polishing due to the layered edge structure and optimal match of chemical activity and mechanical hardness.

As a representative of the rapid rise of Small and medium-sized enterprises, OFO has gone from glory to failure in just six years. The main reason for it is that financing difficulty and the reasonable use of financing funds that SMEs generally need to face during their development. To solve this problem, China should carry out comprehensive reforms of the rule of law and finance to alleviate bank loan risks and establish the status of SMEs. Meanwhile, companies themselves should also pay attention to the correct use of financing funds in order to finance better.

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