Unsystematic Research On The Risk Of China’s Real Estate Investment Trusts

In recent years, the power of state regulation of the real estate industry isincreasing, the real estate industry is facing unprecedented challenges, financingproblems are very serious, and real estate is a capital-intensive industry, so it isparticularly important to solve the problem of financing. Before the real estateindustry financing mainly rely on bank loans the single form. When the traditionalfinancing channel by policy to suppress, financing difficulty is increased, with thediversification of financial financing, the listing, trust, securities, pawn and other newfinancing mode, to provide financing for real estate enterprises. Among them, the realestate investment trust fund financing is particularly important, trust is one of the fourmajor financial support, real estate investment trust funds accounted for a largerproportion of the total investment trust, so the real estate investment trust fund riskinfluence the risk of trust industry, trust industry risk would be counterproductiveto the real estate trust fund.In2012, Zhongxin Trust Qingdao ShuSibel gains the right to trust appear todeal with the crisis, the problem lies in the ability of the trust company in the realestate business profitability and repayment of debt biased;2013Gaoyuan propertyconceal one billion trust loan black hole was, Thailand, Minmetals, Xinhua, theLeague of nations4trust for real estate trust fund huge financial risks. Like the real estate investment trust fund case also many, many are unsystematic risk can becontrolled by.Because China has not established stable, regulate the real estate trust fundfinancing laws and regulations system, risk awareness and the real estate trust theirown weak loss. Of course, the influence of the fluctuation of the internationalcurrency and other international factors outside of international exchange rates ofthese risks, but also from the domestic inflation, the bankruptcy of the company, stockmarket risk factors such as the impact of domestic. In this paper, the research status ofthe financing mode of development of the Chinese real estate trust fund industry,combined with some theories related to the better understanding of the real estate trustfund unsystematic risk, a better understanding of the real estate investment trust fund,at the same time using fuzzy comprehensive evaluation model, risk matrix model tostudy the risk non system can avoid, conducive to the real estate investment trustinstitution’s behavior to reduce unsystematic risk, and promote the healthydevelopment of China’s real estate investment trust industry.