我国房地产信托业务的发展对策研究

发布时间：2018-04-26 13:21

本文选题：房地产业 + 信托　；参考：《吉林财经大学》2013年硕士论文

【摘要】：自改革开放以来，我国房地产业取得了迅猛的发展。从2004年8月，国务院8号文件明确规定了房地产业作为我国国民经济的重要支柱产业，肯定了它对国民经济的稳定和健康发展，起着重要的作用。随着国民经济的发展，我国的房地产业从计划经济转型到市场经济，由最开始的单一的依赖政府和银行投资放贷，到如今结合金融行业的发展，与多种投资渠道相联系，衍生出新的房地产金融产品，不仅有利于房地产业的发展，同时也拓展了社会经济的投资品种，是经济发展的大势所趋。随着近几年，经济带不断地发展，城市化进程加快，居民对房产的要求不断增加，促使房地产业迅速发展，房价不断抬高。为了抑制潜在的房地产泡沫，从2006年起，央行先后几次上调基准利率，提高贷款利率，使得房地产业融资困难重重；同时，房地产业本身属于周期长、成本高的行业，而银行放贷给房地产公司，如果不能在短期内周转资金，将会给银行业带来巨大的风险。因此房地产信托的产生与发展，不仅解决了房地产业的融资“瓶颈”，同时也进一步推进了房地产业的发展。本文整体共分为五个部分：第一部分为引言。主要介绍本文当前的选题背景，本文所要的研究目的、研究意义，以及通过国内外的研究现状，寻找适合我国的发展模式。第二部分为信托、房地产信托及REITS理论的概述，介绍信托及房地产信托的概念和类型，及其理论基础。第三部分是本文的重点，分析我国当前的房地产信托投资的发展状况，介绍兴起的原因，发展历程、发展的模式和当前所面对的问题。通过回顾我国房地产信托的发展历程，，随着我国经济的不断变化，分析我国房地产信托的不同运作模式，评价每种模式的实行和运作特点，探讨未来的发展模式。第四部分为介绍房地产信托投资国外的发展模式及我国的借鉴。介绍美国REITS当前发展的状况和发展环境；介绍我国未来房地产信托的发展模式。第五部提出完善我国房地产信托投资的发展对策研究。为了促进和推动我国房地产业的不断发展，笔者结合美国等发达国家当前的发展模式，分析和探讨适合我国房地产信托的制度环境和法律环境，在如何完善我国房地产信托业的发展中，提出对策，建议建立完善体制制度、环境制度、和人才的建设。总之，房地产信托是金融行业发展到一定阶段的必然产品，同时也是房地产融资的必要组成部分。它不仅为广大社会投资者提供了更为理想的投资理财产品，同时，也拓展了房地产业的融资渠道，改变了先前对银行单一的贷款依赖，也降低了银行业的不良贷款风险。笔者希望通过本文的探索和研究，能够提出促进房地产信托业的发展，进一步推动我国当前的房地产发展。
[Abstract]:Since the reform and opening up, China's real estate industry has made rapid development. From August 2004, document No. 8 of the State Council clearly stipulated that the real estate industry is an important pillar industry of our national economy, and affirmed that it plays an important role in the stability and healthy development of the national economy. With the development of the national economy, the real estate industry in our country has been transformed from a planned economy to a market economy. From the beginning of the single reliance on government and bank investment and lending, to the development of the financial industry, the real estate industry has been linked to a variety of investment channels. The derivative of new real estate financial products is not only conducive to the development of the real estate industry, but also expand the social and economic investment varieties, is the general trend of economic development. With the development of economic belt in recent years, the process of urbanization is accelerating, and the demand of residents for real estate is increasing, which impedes the rapid development of real estate industry and the rising of house price. In order to curb the potential real estate bubble, since 2006, the central bank has raised the benchmark interest rate several times, raising the lending rate, making the financing of the real estate industry very difficult. At the same time, the real estate industry itself belongs to an industry with a long cycle and high costs. Bank lending to real estate companies, if not in the short term working capital, will bring huge risks to the banking sector. Therefore, the emergence and development of real estate trust not only solve the financing bottleneck of real estate industry, but also further promote the development of real estate industry. This paper is divided into five parts: The first part is the introduction. This paper mainly introduces the background of this paper, the purpose and significance of the research, and through the domestic and foreign research status, looking for a suitable development model of our country. The second part is an overview of trust, real estate trust and REITS theory, introduces the concept and types of trust and real estate trust, and its theoretical basis. The third part is the focus of this paper, analyzes the current development of real estate trust investment in China, introduces the reasons for the rise, the development process, the development model and the current problems faced. Through reviewing the development course of the real estate trust in our country, with the constant change of our country's economy, this paper analyzes the different operation modes of the real estate trust in our country, evaluates the implementation and operation characteristics of each kind of real estate trust, and probes into the future development mode. The fourth part introduces the development mode of real estate trust investment abroad and the reference of our country. This paper introduces the current development and development environment of REITS in the United States, and the development mode of real estate trust in China in the future. The fifth part puts forward to perfect the development countermeasure of real estate trust investment in our country. In order to promote and promote the continuous development of the real estate industry in our country, the author analyzes and discusses the institutional and legal environment suitable for the real estate trust in our country, combining with the current development model of the developed countries such as the United States. In order to improve the development of the real estate trust industry in China, the author puts forward the countermeasures and suggests the establishment of the perfect system system, environmental system, and the construction of talents. In a word, the real estate trust is the inevitable product of the financial industry to a certain stage, and it is also a necessary part of the real estate financing. It not only provides a more ideal investment and financial products for social investors, but also expands the financing channels of real estate industry, changes the single loan dependence on banks, and reduces the risk of non-performing loans in the banking industry. The author hopes to promote the development of the real estate trust industry and further promote the development of the real estate industry in China through the exploration and research in this paper.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F299.23;F832.49

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