我国发展房地产投资信托基金法律对策研究

发布时间：2018-02-04 21:55

本文关键词： 房地产投资信托基金运作模式法律对策　出处：《昆明理工大学》2017年硕士论文　论文类型：学位论文

【摘要】：房地产行业是非常典型的资金密集型行业,具有资金使用规模大、资金占用周期长的特点。除少数的房地产企业能够依靠股票等金融工具进行融资以外,大部分房地产企业仍然依赖银行贷款。在当前国家银根紧缩,各地方政府纷纷采取“限购”政策的形势下,构建多元化的融资渠道是促进房地产行业健康良性发展、降低银行信贷风险的有效路径。而发展房地产投资信托基金是解决这一问题的方法。房地产投资信托基金起源于美国,21世纪以来,在众多国家和地区得到迅速发展。它将房地产市场和金融市场有机联系起来,不仅解决了房地产企业对于资金的需求,还一定程度上降低了银行的信贷风险,更让广大中小投资者有机会参与到房地产开发之中。本文以房地产投资信托基金的基础概念作为出发点,对房地产投资信托基金的主要理论展开阐述,剖析房地产投资信托基金当事人之间的权利以及义务关系,重点介绍了具有典型意义国家和地区房地产投资信托基金的法律体系以及整体运作模式,总结海外经验对我国的借鉴意义,与现阶段国内发展现状相结合,分析施行房地产信托基金面临的法律障碍,最后探讨我国房地产投资信托基金立法模式以及发展道路。
[Abstract]:The real estate industry is a typical capital-intensive industry with the characteristics of large scale of capital use and long period of capital occupation. Except for a few real estate enterprises can rely on stocks and other financial instruments to finance. Most real estate companies still rely on bank loans. In the current state tight monetary situation, local governments have adopted a "limited purchase" policy. The construction of diversified financing channels is to promote the healthy and healthy development of the real estate industry. The effective way to reduce the bank credit risk. The development of the real estate investment trust fund is the solution to this problem. The real estate investment trust fund originated from the 21st century in the United States. It links the real estate market with the financial market organically, which not only solves the real estate enterprise's demand for funds, but also reduces the bank's credit risk to a certain extent. Let the majority of small and medium-sized investors have the opportunity to participate in the real estate development. This paper takes the basic concept of the real estate investment trust fund as the starting point and expounds the main theory of the real estate investment trust fund. This paper analyzes the relationship between the rights and obligations of the parties to the real estate investment trust fund, and focuses on introducing the legal system and the overall operating mode of the real estate investment trust fund of the typical significance of the country and the region. Summing up the experience of overseas reference to our country, with the current situation of domestic development, analysis of the implementation of real estate trust funds facing the legal obstacles. Finally, the legislative model and development of real estate investment trust fund in China are discussed.
【学位授予单位】：昆明理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.282

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