| Since the issue of the 121st and 18 order of country in 2003, the bank begins to tighten up the money market, increases the restricted clause to the credit line of the real estate, at the same time, 18 order affirmed and supported the development of real estate of our country, which impels real estate enterprises of our country to seek other financing ways .The real estate fund trust of our country has been accelerating to develop under such background , the " blowout " phenomenon of the real estate fund trust had appeared unexpectedly in the fourth quarter of 2003,which also cause the concern to the real estate fund trust from various circles of society , operation mode , risk , supervision of the real estate fund trust have become the focus of discussron that have been paid close attention to. So it become cores of this text to know real estate fund trust and probe into of our country real estate fund mode , risk announcement of trust and to take precautions against, the policies and measures.At first,this text has introduced the concept of the real estate fund trust and some rudimentary knowledges ,and the factor to impel the development of real estate fund trust of our country. Through analyzing the real estate fund trust products that our country issues, it has drawn that at present the great majority of real estate fund trust products at the financing has served as the role of the bank credit to real estate, the operation of the real estate trust products have shortcoming such as being not strong of supervision. Referencing maturity experience of foreign real estate trust in the course of development,this text has proposed improving the operation mode of real estate fund trust of our country. On this basis ,it has announced the risk of the real estate fund trust and precautionary measures at present in our country. At the same time ,To propose guiding the development of the real estate fund trust with the policy, though some measure such as perfecting the auxiliary law of the trust business, seting up the qualified principal's system to screen and discern, optimizing social credit system ,and strengthening supervision of running in trust, we can promote the healthy development of real estate fund trust of our country. |
