2019中国房地产业特殊资产投资论坛
2019 China Real Estate Special Situation Investment Forum

一、房地产类不良资产项目风险的特点及尽调案例
I Features of risks in Non-performing real estate asset investment projects and due diligence cases
（一）如何应对涉及风险点多，多个风险并存？
1. How to cope with projects that involve multiple risk factors and several risks?
（二）如何挖掘隐蔽风险点？多维度、多层次
2. How to detect hidden risk factors through a multi-dimensional,multi-level approach?
（三）如何解决涉及风险点跨界难点？
3. How to control the risk factors involving crossover investments?
（四）如何应对风险不稳定因素多，风险的动态变化？
4. How to respond to the instability of risk factors and the dynamic changes of risks?
二、房地产类不良资产项目风险与收益机制
II Risk and ROI mechanism of Non-performing real estate asset investment projects
（一）困境资产投资案例——赚的是风险的钱
1. Distressed asset investment cases – a risky way to make money
（二）尽调及风险评估案例——风险不可怕，可怕的是不知道风险在哪里
2. Due diligence and risk assessment cases – what is really horrible is not risks but the failure to identify risks
（三）量化、规避、转移、化解风险案例
3. Cases of quantifying,evading, transferring and defusing risks
（四）风险评估及交易方案设计——困境资产投资获利的关键
4. Risk assessment and transaction plan design – the key to profitability of distressed asset investments
三、房地产类不良资产投资风险与交易方案的关系及方案设计
III The relationship between Non-performing real estate asset investment risks and transaction plan and the design of transaction plan
（一）如何针对不同项目风险决定交易方案？
1. How to decide a transaction plan according to the risks of a specific project?
（二）好的交易方案标准及案例解析
2. Analysis on recommendable transaction plan standards and cases
（三）如何根据风险实现方案动态调整
3. How to adjust a plan dynamically according to the risks
四、案例解析——风险要点尽调、交易条款设计、交易执行
IV Case analysis – risk-based due diligence, transaction terms design and transaction execution
（一）宏观风险
1. Macro risk
（二）股权风险
2. Equity risk
（三）资产风险
3. Asset risk
（四）债务风险
4. Debt risk
（五）管理风险
5. Management risk
（六）财税风险
6. Financial and tax risk
（七）法律诉讼纠纷
7. Litigation and dispute

一、房地产不良资产的价值提升-各类型房地产价值提升方式及案例
Measures and cases
（一）商业地产
1. Commercial real estate
（二）园区地产
2. Parks
（三）在建工程（烂尾楼）
3. Projects under Construction (unfinished buildings)
（四）土地（包括不同用地性质的土地）
4. Land (including land for different uses)
二、房地产不良资产的退出方式及实操案例
II Exit options for Non-performing real estate asset investments and practical cases
（一）不同的退出阶段
1. Different exit stages
（二）不同的退出方式
2. Different exit methods
三、房地产不良资产基金架构设计实务及案例
III Non-performing real estate asset fund structure design practice and case