中国房地产投资信托基金发展策略探究.pdf

国开展REITs需面临的风险进行了分析，对如何创造发展REITs的良好环境提 出了相关建议。最后，对全文进行了总结，得出以下结论：在我国发展REITs 意义重大，目前国内环境己经具备了发展REITs的良好条件，我们应积极克服不 利因素，控制潜在风险，创造良好的发展环境，使REITs这种对企业、个人及社 会均有益的产品在我国得到很好的发展，建立房地产行业持续稳定发展渠道。 关键词：中国房地产、信托、融资、投资基金、发展策略 Ⅱ ASTUDYON REAL CHINESEESTATE INVESTMENTTRUST Graduate：WEIDa Rui-zhu Supervisor：HANSoutheast University ABSTRACT Real oneof industriesinmarket estate，being indispensable economycountries， avitalroleinthe plays nationaleconomic estateisa growth．Real capital．intensive stablecashflow．Abundantfundsand industry effective particularlyrequiring liquidity are tothe ofrealestate． important development inChina’Srealestate comesfromthe Traditionally,60％offunding development while70％fromhomesales．Thelack bankingsystem ofalternativeresources funding makesthe rateofrealestate growth behindthe ratefor lag growth a“pillarindustry’ andcreatesenormousrisksinthe outoftherisksinreal bankingsystemarising estate wealth from landvalue markets．Moreover,the and generatedlong-term appreciation had been asmallnumberof risi