| In the recent years, Chinese real estate industry has been in trouble with financing.On the other hand, the huge civilian capital contained in the nation is short of High performance investment channel. Some deeper contradictions and questions of real estate financing start to appear. For a long time the financing channels of real estate industry is quite simplex in our country, and more depends on the bank, and the debt rate keeps the high trend; at the same time the commercial bank faces the biggish finance risks which caused by the real estate fluctuate of price because a great number of loan was invested into the real estate. As an efficient way which can solve both of the problems, REITs raising will be the inevitable trend of the development of domestic real estate industry and capital market. Therefore, ample research on the REITs is really important to Chinese finance.Real Estate Investment Trusts (REITs for short) can not only be one source of developing funds of real estate industry, but also provide another choice for society idle capital in order to that public can share high benefit produced by high developing speed of real estate industry and be propitious to establish the fair and reasonable benefit-share mechanism.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 put forward the development of real estate investment trusts mode selection.The paper discusses the REITs's strategy of development in China roundly and put forward recommendations to Great 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 Great good condition so that REITs will get a good development in China. |
