| The real estate industry is a pillar industry of the national economy and plays an important role in promoting China’s rapid economic growth.Real estate is a very typical capital-intensive industry in China.After the People’s Bank of China implemented a series of macro-control policies to prevent the real estate from overheating,the traditional financing channels of real estate development enterprises have been greatly blocked.There is a huge amount of private capital in the country but there is a lack of efficient investment channels.REITs,as one of the financial products that effectively solve the three major problems in China,plays a positive role in promoting the development of China’s real estate and capital markets.However,there are some differences between domestic REITs products and mature market products.How to promote the maturity of REITs in China from product design and policy system has become a problem that real estate enterprises and social investors need to pay attention to.This thesis mainly uses the methods of induction analysis,comparative analysis,case analysis,quantitative analysis,and qualitative analysis.Through the typical case of the “Xinpai apartment Housing Rights Asset Support Special Plan”,this paper presents a case of innovation.Where and where it can be used,the design of the case detached from the main body credit provides financing ideas for small and medium-sized housing enterprises.In addition,the author compares the current domestic REITs model with the international mature model.Investigate the various difficulties faced by REITs in China’s development,such as the lack of tax incentives,the imperfect legal system,and the ineffectiveness of the secondary market,and put forward specific policy recommendations,such as the introduction of preferential tax policies,improvement of supporting laws and regulations,etc.The prospects for the future development of China’s real estate trust funds will be forecasted.The future development of REITs in China will exert its special advantages not only in prospering China’s real estate industry and financial industry,but also in the development of social stability and China’s economic system.the establishment of related policy systems and the development of the national economy They have a certain role. |
