Real Estate Investment Trusts (reits) In The Development Of Our Country To Explore

Essentially, Real Estate Investment Trusts (shortened form REITs) is a sort of real estate generic collective investment scheme that is managed by professionals.The U.S. Congress approved the establishment of REITs originated form America. In 1965, the first REIT was exchanged at NYSE. Almost, at the same time, Europe also established REITs. In 1969, the first European REIT was exchanged in Holland. Nevertheless, until 1990s, European countries in succession did not start to enact law and code in order to develop REITs. Since 2000 REITs has gotten rapidly development in Asia. REITs of Japan and Korea and Singapore were exchanged successively in 2001 and 2002. Hong Kong promulgated code on Real Estate Investment Trusts in 2003. At present, America is a center of REITs market, and Europe is the second of REITs market, and Asia is new REITs market.Our country doesn't build up REITs through enacting law and system corresponding to REITs. Generally, It is considered that REITs be at a period of elementary development. Although the first REIT——YueXiu REITs was issued at 12th 2005 in our country, but the thing doesn't mean that REITs market is start-up because YueXiu REITs was exchanged in Hong Kong. Since 2001 the government has issued a series of policies, such as Notice of people's Bank of China on regulating housing finance operation, Notice on more enhancing real estate generic credit operation management, Direction on risk management of commercial bank real estate generic loan and so on, standardizing real estate market and step to step contracting loan about real estate corporation. Yet, bank credit is a main financing way of real estate...