The New Financing Channels For Transformation Of Village In City-REITs

"Village within city"is a common phenomenon during the high-speed urbanization of our country.The region is located in the city planning area,although people there enjoy some of the city infrastructure and way of life,but still something, such as landManagement,household management and idea,have clear cultural characteristics of the village.This phenomenon has been seriously prevent to develop the city economy.In order to release the value of city land,to improve the competitiveness of the city and to achieve strategy of urban and rural integration as soon as possible, transformation of villages within city is no time to delay.Transformation in the city of Xi'an has made great achievements,and through practical work in recent years has established its own characteristics in line with the transformation model,but the land property and transformation financing has always been two major problem about smooth transformation of the work carried out,especially transformation financing.In the paper,on the basis of some scholars' research,author has done a brief introduction about definition of Village within city,causes,the main features as well as the system of rural collective land,Way of trading state-owned land and the reality of the need and Theoretical basis of Transformation.Next,author give some advice about the current Transformation,the end-conclusion is that Diversity the financing channels is breakthrough point to promote the transformation work.The most of paper introduction the mode,the status quo and the difficulty of transformation on Parties involved. The final,author made a detailed introduction to REITs that some domestic scholars pay close attention to in recent years,about the characteristics,the advantages. Next,when comparing the characteristics between REITs and village within city, author put forward bold new ideas that we take advantage of REITs to settle difficulty of transformation capital,and take a preliminary analysis about the necessity and feasibility of this idea.In this kind of mentality foundation,author bring forward the difficulties we need to face and suggest about how to resolve difficuties.