Research On Legal Regulation Of Our Country’s Real Estate Investment Trusts

Real Estate Investment Trusts originated in the United States, which is already quite mature in terms of legislation and practice, it has become America’s most major investment in real estate and real estate finance financial instruments, and gradually occupy an important position in the commercial real estate investments, Wal-Mart, Rockefeller Center mused through REITs securitization ways become public investments. The success of the US real estate investment trust, not only in many European countries, as well as positive reference in Asia, Japan, Singapore and Hong Kong are all Chinese learn to build their own characteristics and its own reality REIT regime. The domestic real estate market in recent years, non-stop development and expansion of bank funds alone can not fill the real estate business capital has long-term needs, the real estate industry due to a huge profits for those small investors also have a strong desire to invest, but from Western real estate investment trust system as an effective new financing and investment instruments, able to integrate the advantages of real estate and financial markets, while meeting the various needs.China is also continuing to explore for domestic REITs system, introduced some similar trust products, while not having all the characteristics of REITs with international standards,but also called quasi-real estate investment trusts, and these products have also been trust investors sought financial markets also initially qualified to carry out Real Estate Investment Trusts, which are the domestic real estate investment trust to be a good basis for future development. Taking this basis as a starting point, the use of comparative research methods to analyze the progress of Real Estate Investment Trusts and the legal system in the United States, Singapore, Japan and other places, we can make a full reference, actual case discussed by Real Estate Investment Trusts in the country feasibility, points out the shortcomings of the legal system is an important development as we seek to overcome the obstacles, this paper analyzes the lack of development of Real Estate Investment Trusts during China’s relevant laws and regulations, the establishment of relevant systems were conceived.