REITs与类似概念比较分析

房地产业是资金密集型行业,根据国外发展经验,房地产市场发展到一定阶段必将启动投资市场和资产证券化市场.尤其近几年,政府对房地产宏观调控更是加快了我国房地产行业和金融行业的全面结合,而REITs作为目前最能够有效融合房地产、投资、资产证券化这三个市场工具,无疑成为备受关注和青睐的房地产金融产产品.但目前RE-ITS在国内还是一个新生事物,处于起步和探索阶段,对REITs定义比较混乱,尤其普遍存在房地产信托、房地产产业投资基金、上市房地产公司和REITs概念的混淆问题.因此笔者在阐述REITs概念及特点的基础上,对此进行了比较分析.

REITs and Similar Concept Comparative Analysis

The real estate industry is fund intensity profession,according to the overseas development experience,the real estate market develops certain stage will certainly to start the investment market and the property securitization market.Especially in recent years,Because of government to real estate macroeconomic regulation and control,which speeds up the real estate profession and the financial profession comprehensive union,REITs is the fool that fusing the real estate,the investment,the property securitization market.Without doubt becoming the favor real estate finance product.But present REITs in domestic is newly emerging things,bing the start and the exploration stage,which is chaotic to the REITs definition,especially universal existence real estate trusts,real estate industry investment funds,Listed Real Estate Companies and REITs concept onfusion question.Therefore the author has carried on the comparative analysis regarding this on the foundation of elaborating REITs concept and characteristic.