Abstract:
Real Estate Investment Trusts (REITs) are an effective policy tool to implement the decision made by the Central
Committee of the Communist Party of China and the State Council on risk prevention, deleveraging, stabilizing investment, and
reinforcing weaknesses. They play an important role in revitalizing asset stocks and increasing asset investment channels. The
public offering REITs in China are booming, but there are also problems such as complex structure, decentralized capabilities,
and inconsistent interests. In order to promote the stability of the REITs business, this paper analyzes and draws on the experience
of overseas mature markets. Based on the existing business practice and regulatory framework, this paper proposes to set up
specialized subsidiaries of mutual funds, focus on REITs business, develop Pre-REITs and other businesses, and build an integrated
and comprehensive business platform. Furthermore, it also provides specific policy recommendations.
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