The Improving Research Of The Real Estate Trust Of China

As a basic finance of national economy, real estate finance has a high connection with other lines of business or departments and had been decided as a new growth dot in China's economy .Meanwhile, real estate finance is an identify fund-collection finance. Having enough funds is critical to the development of real estate finance. With the continues changes of investing and financing system of China, real estate finance faces the more and more difficult challenge. At present, China has not established the perfect real estate financing system. How to resolve the fund difficult of developing the real estate finance and establish the multi-ways real estate financing system is the important issue of whole finance.In fact, in a good real estate industry, the main money source don't loan from banks or distribute from stock market. It collected money itself through bonds, investing trust and benefit association etc. A domestic real estate industry's shortcoming is single money channel. Seeing from consume, should build perfect the real estate industry trust production systems, they should be designed for different people. And they must satisfy multi-market need and the need of income and risk.So, one hand we need develop direct financing widely by carrying real estate money securitizing ,distributing bond and widen trust channels to absorb foreign funds to improve our real estate industry. On the other hand, we should improve our indirect financing organization to widen operation limits , that give a wider market space opportunity. The way of direct and indirect financing linked each other provide various channels that make financial market fit for real estate market and our country real estate business has a better development.This thesis aimed at the analysis of the real estate trust improving , REITS studied in the United States and in some Asian countries, then proved the significance of China's future development and viability of REITS, finally made my choice and the development of REITS model operation and the relevant policy recommendations.