Real Estate Investment Trust Of China Development Research

Real estate industry is an essential industry in market economy country or region. As a capital intensive industry, it will not develop durably without financial support. Now, the primary finance of China real estate is the bank loan, which will cause the risk of real estate industry turn to financial risk of bank easily.So real estate industry needs expanding its capital channels to decrease its risk and develop better. REITs is a direct finance product which has got great succeed in the world.REITs is very popular in America, Australia, Japan and Singapore,etc and plays a very important role in these countries, especially in America. Using international experience as a source of reference to develop RETIs in China is helpful for real estate industry's good development, trust institution's and financial mechanism's reform and enterprise competitive strength's increase.The aim of this paper is to explore the developmental pattern of REITs which is suitable for China.By expounding REIT's theory and introducing international REIT's develop experience, the paper compares different countries's developmental patterns and educes some elicitation. Then, the paper introduces China's trust goods in real estate industry and Specific Asset Manangement Plans.After that, the paper analyzes the attempt to exploit REITs in China in detail in order to find shortcoming. On top of that, the paper discusses the REITs's strategy of development in China roundly and put forward recommendations to creat good conditions for developing REITs.Finally, The paper comes to the conclusion that developing REITs in China is significative and there are many favorable factors in China, so we should conquer adverse factors and creat good condition so that REITs will get a good development in China.