Chongqing University Master's Degree Paper Real Estate Investment Trust Fund Research

The real estate investment trust fund (REITs) is the overseas real estate market mature throws the financing finance tool, is the marketability real estate direct finance system, can effectively dispose the resources, allow temporary credit the fund and the disperser risk, is the real estate finance innovation feasible effective way and chooses inevitably.Presently, our country the financial policy which reduces to the real estate implementation, promoted for domestic REITs has provided the good turning point, In recent years, the trust company developed with the management has the industry investment fund nature the real estate fund trust plan experience level to enhance unceasingly, increased the feasibility which domestic REITs promoted, also for the trust industry breakthrough service bottleneck, has provided the rare development opportunity. Develops REITs to have the important practical significance.This article in view of our country real estate finance existence present situation and the question, Analyzed development domestic REITs to result in the inevitability; elaborated theREITs system establishment economic basis, the movement machine-made and the basic characteristic. Obtained from our country real estate investment trust plan present situation real diagnosis analysis,Studies and profits from US, Asia through the contrast and so on the mature market REITs development experience, discovers the present our country REITs existence the insufficiency and the disparity; Synthesis utilization aspect and so on trust theory, financial engineering, information economics, Investment,combination investment, risk management as well as financial control theory proposed the opening domestic REITs system feasibility, and the union present real estate investment trust plan operation practice, from aspect and so on government structure, transaction structure, investment management, operation way, risk control and system safeguard, constructs with the realistic condition adapts with the complete significance REITs domestic system.This article also carries on the analysis to overseas mature market REITs and the domestic real estate investment trust plan operation case; Using the modern combination investment theory related tool, surveys the REITs investment value which constructs, obtained it to have the risk to be low, investment value high conclusion.