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普洱翻譯公司關鍵字：Analysis of REITs (real estate investment trusts) features, combined with the status quo of China's real estate, made the development of REITs in China is inevitable, it is conducive to real estate agency, but also conducive to the country, small investors, is an implementation of winning initiatives. The paper further analyzes the bottleneck in our implementation of REITs and solutions.Keywords real estate investment trust industry fundCLC number F830.8 Document code AReal estate in the state to strengthen macro-control, real estate desperate need of new financing channels, REITs have become a focus of attention. Another article from the perspective of the need for the development of REITs in China and how to promote in our country.REITs (Real Estate Investment Trusts, abbreviated as REITs), can be translated into real estate investment fund or investment real estate investment trust, this investment is actually a securities investment fund industry, according to poly-pool management (Pooling Management) The principle was established, through the issuance of shares (units), bringing together the investing public funds management by specialized investment institutions, by choosing different regions and different types of real estate investment portfolio, investment in comprehensive income will be allocated pro rata to investors . REITs have the following characteristics: ① expert management. REITs to investors' funds into one big fund gathered by the experts to manage the Fund, through professional operations, improve financial profitability; ② can flow. REITs are securities of the fund industry, will benefit from the certificate holder can be transferred in the market circulation. REITs can be listed on the stock exchange free trade. Unlisted REITs trust certificates under normal circumstances can be traded over the counter market circulation; ③ high-yielding. REITs more than 90% of net income must be returned to investors in the form of dividends, only a small part of the commission fee, in addition there are many tax benefits. In the U.S., REITs are basically yield 7.3%, compared with 350 basis points above U.S. Treasury bonds; ④ risk diversification. Through different regions and different real estate investment, the use of portfolio risk diversification benefits.U.S. REITs can be divided into private REITs, raised not listed REITs, raised traded REITs, of which 2 / 3 of the REITs traded.
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