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西雙版納翻譯公司關鍵字：impact. China's current trust products is shorter, generally a period of 1-3 years, and only provide funds, does not participate in specific project management, relatively speaking, REITs invest in real estate can promote real money, real estate industry to promote healthy development. REITs to achieve win-win key - improving laws and regulations, strengthen supervisionREITs can achieve win-win is a big advantage. How can the implementation of REITs in China to fully realize this advantage, the key lies in improving laws and regulations, strengthen supervision, and not in tax incentives. According to China Securities Act of 1999, including equity and debt securities only, unlike the U.S. Securities and concepts ranging from equities, bonds to the notes, investment contracts, and other very broad area, there is a legal vacuum listed REITs. China's current lack of effective monitoring trust products for real estate and no strict information disclosure system, the independent directors, corporate governance is also not required, compared to U.S. REITs, the lack of standardized and effective supervision. It is easy for REITs, from the normal operation of the track, likely to become China's second stock market, a real estate shopping tool for the money, harm the interests of small investors, is not conducive to the healthy development of real estate. Therefore, in our country to create REITs, top priority is to improve the laws and regulations and strengthen supervision.3.2 REITs in China to implement a number of problems1) tax benefits issues. Foreign REITs to avoid double taxation, this and our current "tax" provisions in conflict. China is now the real estate industry is highly profitable industry, real estate developers in the rapidly rising house prices gained huge profits, while small investors can not require huge amounts of money into this area of ??investment. Therefore, tax incentives REITs goal is to protect investors, so they can share the benefits of real estate value.
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