| In recent years, the industry fund as an investment in a modern way, in the country has been more and more attention, which is characterized by the collection of a large number of diversified funds, through the guidance of experts, professional management of investment, while the pan-estate investment trusts as an industry fund, focused on all aspects of professional investment funds are closely related to the real estate industry, including real estate investment, real estate leasing, real estate development, sales, the scope of its investment loyal, and a high degree of specialization in the current market conditions next be able to absorb a large amount of dispersing funds to diversify investment risks, good income scale, a good positive promotion effect for the Chinese real estate market and its financing market.From the research and development trend in recent years, countries in vigorously promote innovation in real estate finance practice and exploration, many countries have chosen the form of financial innovation system as a Real Estate Investment Trust. Future research in this regard will also be the focus and emphasis. The current development of China’s real estate industry is an urgent need for the support of the real estate financial innovation, policy development, macro-regulation is also great need for financial innovation theory is based on the establishment and improvement of China’s real estate financial innovation theory is imperative.This article was divided into five chapters to introduce real estate investment trusts.The basic concept of a number of real estate investment trusts, characteristics, and real estate investment trusts and contrast, analysis of the associated concept.The second chapter is the international draw on real estate investment trusts, respectively, of the United States, Europe and some Asian countries, real estate investment trusts are introduced, and thus come to international real estate investment trusts experience of the revelation.The third chapter is the introduction of the risk and its control of real estate investment trusts.The fourth chapter is the introduction of the status of China’s real estate investment trusts and legal obstacles, can be seen from the comparison and reference of the international experience, real estate investment trust fund system, which is closely related to, different countries have different system of real estate investment trusts institutional arrangements, such as the organizational model, floatation. The development of China’s real estate investment trusts need to develop a strategy of development suited to China’s actual situation, to steadily push forward the establishment of the system of the real estate investment trust.Therefore, this chapter introduces the Practice the status of China’s real estate investment trust, the legal quagmire of legal status of China’s real estate investment trust, last detailed description of the legal system of China’s real estate investment trust to build. |