The Choice Of Real Estate Investment Trusts In China

Continued the development along with our country national economy, our country real estate industry has obtained the very big development, specially has cancelled the welfare house allocation since 1998 the real estate industry to enter to a fast development time. Because our country locates the special historical period, in the national economy fast development, the urbanized advancement acceleration, the housing commercialization just started and so on under the multiple factor function the real estate industry development inevitably was take the new development construction as the main development pattern. This development pattern has decided the present real estate industry development capital intensives investment, but our country real estate enterprise only depends on enterprise own accumulation the fund to be very difficult to maintain continues the large-scale development like this.Take the central bank the 121st document which appeared in June 13, 2003 as the symbol, the central authorities has carried on the macroeconomic regulation and control to the real estate industry. In under the macroeconomic regulation and control influence, the real estate enterprise's fund cost rapidly rises, the urgent need found besides the bank the new financing channel. This time the real estate investment trust fund entered people's field of vision.The real estate investment trust fund passed through several dozens years development in US, already had the quite mature pattern. Moreover the recent years real estate investment trust fund gradually is also introduced our country Hong Kong, the Taiwan area. This article first to the real estate investment trust fund concept, the definition as well as the correlation theory carries on combs, causes us to be allowed to have comprehensively regarding the real estate investment trust fund, the clear understanding. Then conducts the real diagnosis contrast research to the domestic and foreign real estate investment trust fund development situation, the home because has not had in the true significance real estate investment trust fund, therefore studies the key point is to has the real estate investment trust certain characteristics real estate trust to carry on the analysis. But mainly is carries on the summary to the overseas real estate investment trust fund research to the American real estate investment trustfund development experience. This article has discussed the real estate investment trust fund again in these foundations in our country feasible development way and the development pattern. After analyzes us or to be allowed to see the real estate investment trust fund has the broad application prospect in our country. This article finally through the contrast and the model overseas mature experience, diligently found for the real estate investment trust fund in our country development to conform to our country national condition path.