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玉溪翻譯公司關(guān)鍵字：(2) China's real estate property problems. REITs through the issuance of certificates, the ownership of the real estate division to a large number of investors, investors can transfer the credentials, but China's current legal provisions on the transfer of real estate property can only transfer a whole, not split transfer. In addition, China's current real estate property registration process is very complex, greatly increasing the operating costs, reducing the efficiency of REITs.(3) lack of professional trust. REITs should be invested by the trust company, to be directly involved in specific project development, utilization, management and other areas, requires a strong professional knowledge and skills. China's current trust does not have such expertise, and expertise with this real estate company limited by law, the trustee can not become REITs.4 in our implementation of the policy recommendations REITs
4.1 improve the relevant laws, promulgated the "Industrial Fund Act", the establishment of REITs, investment direction, specific provisions of the income distribution
(1) the establishment of conditions. ① In order to prevent excessive concentration of shares, provided the following five shareholders can not be combined with more than 50% of the shares. ② REITs trust must be a good financial situation, you can refer to the United States and Japan, the company's net assets and earnings to make restrictions. ③ Board of Directors elected by the investors, the majority of the board members are independent directors.(2) investment. Provides at least 75% of the total investment is to invest in real estate, 75% of the assets by the real estate mortgage notes, cash and government bonds composed of at least 75% of total revenue comes from rental income or real estate mortgage loans interest income and real estate sales and other income, money lending is strictly prohibited. This restriction can be bound by trust investment behavior, the majority of the trust assets into real estate, to avoid short-term speculation, reduce business risk, and promote the healthy development of real estate.
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