Dissertation > Economic > Economic planning and management > Urban and municipal economy > Urban Economics and Management > The real estate economy

China’s Low-cost Housing Security in the Legal System of REITs Construction

Author DingJie
Tutor ZhangZhongYe
School East China University of Political Science
Course Legal
Keywords Low-cost Housing REITs Legal obstacles Construction of the legal system
CLC F293.3
Type Master's thesis
Year 2009
Downloads 210
Quotes 1
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Housing security is a low-cost solution to the livelihood of the people of China’s major policy issues, but because of our low-cost housing security funds over-reliance on financial investment, leading to slow the overall development, local development is unbalanced, low-rent housing to protect the enormous funding gap. In order to alleviate this dilemma, this article from the Real Estate Investment Trusts, the advantages of the system itself and the operation of China’s low-rent housing system for the status quo, the proposed introduction of low-cost housing to protect the necessity and feasibility of REITs. This article holds that the REITs to attract a large number of small and medium-sized investors, funds, low-cost housing for the protection of broadening financing channels for the protection of low-rent housing system to provide reliable and stable funding to provide a possible chain; At the same time for many small and medium-sized investors, REITs can it provides a wide range of low-risk investment channels. Therefore, the introduction of low-cost housing to protect our country REITs play an important role. Although China has emerged as the first restaurant in Tianjin Auchan REITs such a quasi-operational items, however, REITs in these products and a real sense of REITs in comparison, from the investors form of investment, income and other aspects of the way there are many differences It should be said that the real domestic product is still in REITs in particular have a half face Pipa position. This a very important reason for this is that in China there is no legislation specifically for REITs, and in the current legal environment for REITs to operate there are still many legal obstacles. We should be fully aware of relevant legislation existing in the organizational form of REITs, as well as the mode of operation of the provisions of the rights and obligations of the parties are still a number of shortcomings, particularly the legal environment is the dominant party administrator under the circumstances to protect the rights of investors in REITs and funds the operation of low-cost housing there is a great chain of security threats.Therefore, this article try to establish laws and regulations specifically for low-cost housing in the operation of REITs norms, at this point should be fully learn from the United States and Asian countries, the legislative achievements in the real estate investment trusts transplant at the same time the legal system, combined with their national conditions, China’s legal system to promote the absorption, the creation of REITs with China’s actual system. In the legislation should be taken into account most of China’s small and medium-sized investors, the lack of financial knowledge and practical ability to resist risks, as well as low-cost housing projects on the financial stability and long-term needs related to the design of the holder should be given greater powers to the General Assembly, modeled on the German legislation clearly trustees should have the power of appointment and removal of managers and representatives of the holder of an independent right of appeal, the government departments to strengthen monitoring and supervision of industry self-regulation to limit the dominance of the party managers to happen.

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