Research On Real Estate Investment Trusts

Accompanied macropolicy adjusting during recent years, real estate industry ismore and more faced with a series of problems such as decentralized capital andlimited financing channels. The effort to seek other financing channels for real estatemakes REITS a new type of financing instrument. On the basis of introducingfundamental conception, formation and development of REITS, combining thesituation and legislation practice of our country, this article expounds the feasibility ofC-REITS, and draws a conclusion that REITS will become new choice of investmentand finance for real estate industry in our country.Combining the reality of our country, by standard analysis and comparisonanalysis methods, the article evaluates performance of C-REITS and gives somesuggestion of C-REITS' structure and operating pattern. This article is divided into six parts:Part1 is introductory, which includes research background, existing researchachievements and academic and practical meaning;Part 2 introduces the conception, origin and development of REITS, and differentiatesREITS from other related conceptions.Part 3 is theoretical principle of REITS——Modern Portfolio Selection theory,Part 4 investigates the development state of REITS in our country on the basis ofabove-mentioned theory and examples, and evaluates necessity and feasibility ofC-REITS;Part 5 gives some suggestions about operating pattern of C-TRITS;Part 6 proposals about policy and risk-resisting measures on C-REITS.