摘要
由于缺乏专门针对REITs产品的法律法规或业务指引出台,国内市场一直没有出现完全符合国际惯例的标准REITs产品。近年来,国内金融机构在现有金融监管法律框架下推出了一批在功能上与海外成熟市场REITs产品具有一定相似性的"类REITs"产品。本文从发行载体、交易结构设计和产品财务价值等方面介绍了国内"类REITs"产品,并比较其与海外标准REITs产品的异同。
Due to a lack of specific laws and regulations as well as overall business guidelines for REIT products, the domestic market has some key differences from international practices and standards. In recent years, domestic financial institutions have launched a number of quasi-REIT products under the existing financial regulatory framework and some of these are similar to REITs on overseas markets. This paper introduces domestic REIT products, discussing their transaction structure and financial value, comparing them with overseas REITs
出处
《金融市场研究》
2017年第3期43-52,共10页
Financial Market Research
关键词
类REITs
发行载体
交易结构
Quasi-REITs, Distribution Carrier, Transaction Structure
