我国房地产投资信托（REITS）法律制度研究

发布时间：2018-03-03 01:33

本文选题：房地产投资信托　切入点：房地产投资信托的设立　出处：《中央民族大学》2012年硕士论文　论文类型：学位论文

【摘要】：随着经济全球化的不断增速,中国房地产业也将不可避免地融入房地产业全球化的浪潮中。而房地产业的发展,对于经济迅速增长、世界人口第一大国的中国具有极为重要的战略意义。随着政府对楼市调控力度的不断加大以及银行房贷政策的不断紧缩,中国的房地产企业均在融资方面遭遇了前所未有的压力。在这种情况下,房地产投资信托的出现无疑为各房地产企业带来了融资的新渠道和新希望。在房地产投资信托迅猛发展的同时,我们也应当看到,中国的房地产投资产业发展还很不健全,市场风险很大。我国目前还没有出现针对房地产投资信托的专门规范,仅靠现有的一法两规(《信托法》、《信托公司管理办法》和《信托公司集合资金信托计划管理办法》)调整已经很难适应房地产投资信托的发展,房地产投资信托领域的法律法规亟待健全和完善。因此,本文立足我国的实际情况,通过借鉴美国以及亚洲一些国家和地区的房地产投资信托制度,对我国的房地产投资信托提出了从设立到运行、监管、税收直至房地产投资信托的终止等一系列的立法建议,希望能够尽自己的微薄之力,为我国房地产投资信托的发展贡献一份力量。本文的主体部分分为四部分。第一部分为房地产投资信托(REITS)法律制度概述,介绍了房地产投资信托的概念以及相关概念辨析,并对房地产投资信托中存在的两种法律关系分别进行了分析。第二部分为房地产投资信托的国际借鉴。美国作为房地产投资信托产业最为发达的国家,本文在此部分对美国的房地产投资信托制度进行了较为详细的介绍,并对美国在房地产投资信托的发展经验进行了总结。此外,本文还在此部分对日本、新加坡、香港和台湾地区的房地产投资信托制度进行了介绍,并对亚洲国家和地区的房地产投资信托制度与美国的相关规定进行了对比。第三部分主要介绍和分析了我国房地产投资信托的现状与法律障碍。本部分首先介绍了我国房地产投资信托的发展现状和法律规制现状,并在此基础上进一步从信托法律、房地产法律、证券法律、税收法律四个方面分析了我国房地产投资信托面临的法律障碍。第四部分是作者对我国房地产投资信托的法律制度构建的建议。本部分首先从完善综合性法律法规和尽快出台专项立法两方面提出了完善我国房地产投资信托的相关立法的建议。然后,本文又从我国房地产投资信托的设立、终止、运行、监管和税收五个方面着手,提出了对我国房地产投资信托法律制度构建的具体建议。
[Abstract]:With the continuous growth of economic globalization, the real estate industry in China will inevitably be integrated into the wave of globalization of the real estate industry. And the development of the real estate industry, for the rapid economic growth, China, with the world's largest population, has an extremely important strategic significance. With the government's increasing control of the property market and the continuous tightening of bank mortgage policies, Chinese real estate companies are under unprecedented pressure to raise money. The emergence of real estate investment trusts undoubtedly brings new channels and new hopes for the financing of real estate enterprises. With the rapid development of real estate investment trusts, we should also see that the development of the real estate investment industry in China is still very imperfect. The market risk is very high. At present, there are no special norms for real estate investment trusts in China. It is difficult to adapt to the development of real estate investment trust only by adjusting the existing laws and regulations (Trust Law, Trust Company Management measures and Trust Company pooled funds Trust Plan Management measures). The laws and regulations in the field of real estate investment trust need to be improved. Therefore, based on the actual situation of our country, this paper, by drawing lessons from the real estate investment trust system of the United States and some countries and regions in Asia, puts forward the establishment, operation and supervision of the real estate investment trust in our country. A series of legislative suggestions, such as taxation until the termination of real estate investment trust, are expected to contribute to the development of real estate investment trust in our country. The main part of this paper is divided into four parts. The first part is an overview of the legal system of real estate investment trust, introduces the concept of real estate investment trust and related concepts, and analyzes the two legal relationships in real estate investment trust. The second part is the international reference of real estate investment trust. The United States is the most developed country in real estate investment trust industry. In this part, the author introduces the real estate investment trust system of the United States in detail. In addition, this paper also introduces the real estate investment trust system in Japan, Singapore, Hong Kong and Taiwan. And the real estate investment trust system of Asian countries and regions and the relevant provisions of the United States were compared. The third part mainly introduces and analyzes the present situation and legal obstacles of the real estate investment trust in our country. Firstly, this part introduces the present situation of the development and legal regulation of the real estate investment trust in our country, and on this basis, further introduces the trust law. Real estate law, securities law and tax law analyze the legal obstacles faced by real estate investment trust in China. Part 4th is the author's suggestion on the construction of the legal system of real estate investment trust in china. Firstly, this part puts forward the suggestion of perfecting china's real estate investment trust from two aspects: perfecting comprehensive laws and regulations and introducing special legislation as soon as possible. Of the relevant legislation. Then, In this paper, the author puts forward some concrete suggestions on the establishment, termination, operation, supervision and taxation of the real estate investment trust in our country in terms of the establishment, termination, operation, supervision and taxation of the legal system of the real estate investment trust in our country.
【学位授予单位】：中央民族大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.282;F832.49

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