国外REITs发展的经验及对我国REITs转型的启示

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英文篇名：The Experience of Foreign REITs Development and its Enlightenment for REITs Transformation in China 作者：孙汉康 英文作者：SUN Han-kang;School of Economics,Hebei University; 关键词：房地产投资信托基金 ; 租购并举 ; 税收优惠 英文关键词：REITs;;housing purchase and renting;;tax preferences 中文刊名：经济问题 英文刊名：On Economic Problems 机构：河北大学经济学院; 出版日期：2019-09-24 出版单位：经济问题 年：2019 期：10 基金：2019年国家社会科学基金项目“基于数据挖掘的住房租赁政策动态评估与优化模拟研究”(19BJY070) 语种：中文; 页：62-69 页数：8 CN：14-1058/F ISSN：1004-972X 分类号：F299.23;F832.49

摘要

在国家积极推进租购并举政策的背景下,分析了中国发展房地产投资信托基金(REITs)的必要性,总结了美国、日本和新加坡发展REITs的经验,指出政策支持、税收驱动、完善的法律法规以及合理的组织结构是国外REITs快速发展的核心要件。同时,分析国内类REITs与国外REITs之间的区别及国内类REITs向标准REITs转型的影响因素,并在借鉴国外经验的基础上从法律法规、税收优惠、监管体系和人才培养等方面提出了推进我国类REITs转型的对策建议。
        Under the background that the government promotes the policy of housing purchase and renting, this paper analyses the necessity of developing REITs in China and summarizes the experiences of REITs development in the United States,Japan and Singapore.The experiences are policy support tax preferences, perfect laws and regulations, and reasonable organizational structure.Meanwhile,this paper analyzes the differences between foreign and domestic REITs and the influencing factors of transforming current REITs to standard REITs in China. Then based on the experience of foreign REITs development,this paper proposes several suggestions to promote the transformation of REITs in China from the aspects of laws and regulations, tax preferences,supervision system and personnel training.

引文

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    (1)数据来源:wind,标准地产研究院整理。
    (2)数据来源:《中国流动人口发展报告2018》和《国泰君安2017年长租公寓报告》。
    (3)数据来源:wind,长江证券研究所报告。