我国商业地产REITs的发展研究

发布时间：2018-06-02 06:25

本文选题：商业地产 + REITs　；参考：《广西大学》2014年硕士论文

【摘要】：近十年的发展,商业地产已成为我国国民经济的支柱产业之一,对国民经济的发展起着关键作用。商业地产属于资本密集型行业,对资金的需求大。因此,要发展和壮大商业地产,必须获得充足的资金支持。然而,我国融资渠道不多,随着商品房价格飙升,整个商业地产市场并不稳定。政府颁布相关政策,加强了对房地产的宏观调控,使得商业地产开发商面临融资困难的问题。与此同时,投资需求随经济的发展不断增加,众多投资者也苦于寻找投资渠道。而商业地产REITs的出现将很好地解决这一难题,它可以为资金的投资者和需求者提供一个广阔的平台。因此,我国需尽快发展和壮大商业地产REITs。本文第一章绪论部分,主要介绍选题背景以及研究意义。指出我国房地产存在资金不足、资金链断裂的挑战,务必加大融资渠道。为了解决当前我国商业地产融资渠道单一、高度依赖银行的状况,增加商业地产的直接融资方式成为当前首要任务。而商业地产投资信托基金就是很好的直接融资渠道。除了提出背景及研究意义,本部分还针对全文的研究内容及方法做了概要说明,并给出研究的框架技术路线图。第二章,主要是对商业地产投资信托基金的相关概念、特点以及分类进行介绍。第三章,简述了国外市场的REITs发展,为我国的地产信托发行提供参考。第四章,通过我国商业地产的发展的市场现状、国内信托行业的经济、行业环境以及商业地产融资与信托基金的结合点来综合分析,来对发展商业地产REITs的必要性以及可行性进行评价。第五章,根据我国当前的具体情况,对我国商业地产REITs进行了收入、税收、法律、风险及运作模式等多个方面进行了深入探讨,并发现当前存在的问题。第六章是针对第五章所提出的问题,结合市场及国情实际,给出相关建议。第七章,则利用实际案例对我国的REITs运作实践进行分析。最后在结论部分,简要总结商业地产REITs在我国发展的必要性,并小结现存问题和发展建议。
[Abstract]:With the development of recent ten years, commercial real estate has become one of the pillar industries of our national economy, which plays a key role in the development of national economy. Commercial real estate is a capital-intensive industry, the demand for capital. Therefore, want to develop and expand commercial real estate, must obtain sufficient fund support. However, there are few financing channels in China, and the whole commercial real estate market is unstable with the soaring price of commercial housing. The government promulgates the related policy, strengthens to the real estate macroscopic control, causes the commercial real estate developer to face the financing difficulty question. At the same time, with the development of the economy, many investors are struggling to find investment channels. The emergence of commercial real estate REITs will solve this problem well, it can provide a broad platform for investors and investors. Therefore, our country needs to develop and strengthen the commercial real estate REITs as soon as possible. The first chapter introduces the background and significance of the research. It is pointed out that there is a challenge of insufficient capital and broken capital chain in real estate of our country, so it is necessary to increase financing channels. In order to solve the single channel of commercial real estate financing in our country and rely heavily on banks, increasing the direct financing mode of commercial real estate has become the primary task. And commercial real estate investment trust fund is very good direct financing channel. In addition to the background and significance of the research, this part also gives a brief description of the research content and methods, and gives the framework of the technical roadmap. The second chapter mainly introduces the concept, characteristics and classification of commercial real estate investment trust fund. In the third chapter, the development of REITs in foreign markets is briefly described, which provides reference for the issuance of real estate trusts in China. The fourth chapter, through the development of commercial real estate market situation, the domestic trust industry economy, industry environment and commercial real estate financing and trust funds to the combination of a comprehensive analysis, To evaluate the necessity and feasibility of developing commercial real estate REITs. The fifth chapter, according to our country's current concrete situation, has carried on the thorough discussion to our country commercial real estate REITs to the income, the tax, the law, the risk and the operation pattern and so on, has carried on the thorough discussion, and has discovered the present existence question. The sixth chapter is aimed at the question put forward in chapter 5, combining the market and the reality of national conditions, gives the related suggestion. In the seventh chapter, the author analyzes the REITs operation practice in our country with practical cases. In the last part, the necessity of the development of commercial real estate REITs in China is briefly summarized, and the existing problems and development suggestions are summarized.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.23

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