Research On The Risk Prevention And Control Of My Country's Real Estate Trust Investment Fund Under The Background Of Transition

Real Estate Investment Trusts is an important means of direct financing for real estate enterprises.Since its successful operation in the United States,its risk is relatively low.Income stability and other characteristics enable other countries to develop real estate trust investment funds according to their own situation.China also according to its own situation,through the experience of other countries,in the exploration of the development of real estate trust investment funds.On the one hand,the real estate trust investment fund can broaden the financing channel of the real estate industry,on the other hand,it also broadens the buyer undefined investment channel.However,as a derivative financial instrument,it must contain risks.Because the real estate trust investment fund involves the real estate enterprise,the financial institution and so on,it is easy to appear the operation management risk,and is affected by the market fluctuation,the policy change and so on.At the same time,the low investment threshold makes the investors numerous.Once there is a risk,it will affect the real estate industry,the stable development of financial institutions,but also affect the investment returns of many investors,which will have a far-reaching impact.In order to hold the bottom line of the non-systematic risk,how to evaluate and control the risk of the real estate trust investment fund is especially important to keep the bottom line of the macro-economic policy reform.This paper attempts to start with the development process and present situation of the real estate trust investment fund in our country,identify and evaluate the risk of the real estate trust investment fund in our country,so as to control the risk of the real estate trust investment fund business.In the current macro-control,investors choose real estate trust investment fund products,there is a clearer understanding of its possible risks;At the same time,for the macro-level,how to better develop China undefined real estate trust investment fund policy recommendations,such as the establishment of a perfectsystem,reasonable standardization of market development and so on.This paper mainly consists of two parts.The first part focuses on the origin,concept,classification,characteristics and confusing products of the real estate trust investment fund.Combined with the development and present situation of the real estate trust investment fund in China,this paper analyzes the risk factors of the real estate trust investment fund in China by using the method of literature analysis.The second part is based on the characteristics of the above-mentioned risk factors,using expert scoring method,analytic hierarchy process(AHP),combined with a case analysis of the real estate trust investment fund risk,in order to put forward the macro-and micro-level risk prevention and control recommendations.