Research Of The Pattern Of Real Estate Investment Trust In China

With the high-speed development of the real estate of our country, scale of credit asset of commercial banks and fund demand of real estate development and consumption expands rapidly. How to make use of effective financial instrument and means to reduce financial risks and keep the sound development of the real estate seems particularly important. As the investment tool of capital market of real estate, after more than 50 years of development, the Real Estate Investment Trust (REIT) has already made enormous success in U. S. A. and Australia.Through studying operation modes of REIT in foreign countries and basic positive research of environment in this country, This article is based on the theories and practical experience of U.S.A. and Australia and reality of our country, points out trust plan mode of REIT to suit the national conditions of our country, this article proposes the development routes of the suitable national conditions of our country, and offers a feasible implementing scheme for our country to develop REIT. This article mainly discusses the establishment of REIT, REIT trust issue of unit, trade and operation procedure on pilot stage. When developing REIT, the government should play leading factor, and set up and improve the laws and regulations operated in real estate investment trust, perfect security market.The research result is significant to solve the problems of single financing channel of real estate enterprises of our country, and promote the fund structure of real estate and optimization of product structure, it offers a kind of thinking for real estate enterprises to change the management theory under new development situation and the key competitiveness development.