| On July 23, 2003 announced ' Real Estate Securitization Regulations '.Because its perfectly construction towards bankrupt isolating system, separating taxes-levying and the strengthen measure of independence of criticize rating organization, ensures investors' rights and interests, to lift investor's inducement to invest, believe the real estate market can grow vigorously in the future. The target of' Real Estate Securitization Regulations ', only limited to the defect is the developed real estate is outside the regulations. So, to speed up the investment in advance public construction together with the development of city and renew its investment will become the best target of ' Real Estate Securitization '. If includes the development and upgrade the city in Real Estate Securitization ', we believe it could achieve the essence benefit of improve the living quality of the city, expand the economic demand, create more employment opportunities, and improve the motive of development in economy.Thus, presenting this article would be mainly focused on the studying Real Estate Securitization. At first, introducing the beginning of Real Estate Securitization in America and its development overview. And then analyzing its development in Japan, which is similar to Taiwan. Finally, by synthesizing every scholar's opinion in Taiwan to analyzing the regulations of Real Estate Securitization, and point out something could be improved and discussed at present of the system. |
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