我國房地產(chǎn)投資信托基金法律問題研究
本文關(guān)鍵詞:我國房地產(chǎn)投資信托基金法律問題研究 出處:《湖南師范大學(xué)》2012年碩士論文 論文類型:學(xué)位論文
更多相關(guān)文章: 房地產(chǎn)投資信托基金 信托公司 專項(xiàng)立法 受托人義務(wù)
【摘要】:這些年我國房地產(chǎn)行業(yè)發(fā)展非常迅速,高度的利潤空間吸引大量的資金投資到房地產(chǎn)行業(yè),從而帶動(dòng)房地產(chǎn)投資信托業(yè)的快速發(fā)展。房地產(chǎn)投資信托在我國發(fā)展的歷史比較短,在制度上很不完善,與其相關(guān)的配套制度也還沒有完全建立起來,使得房地產(chǎn)投資信托在發(fā)展過程暴露出越來越來多的問題。2000年以后,房地產(chǎn)投資信托業(yè)的發(fā)展越來越引人注目,關(guān)于這方面的研究隨之增多,但是從法學(xué)角度進(jìn)行研究的則很少見。房地產(chǎn)投資信托業(yè)的發(fā)展速度快,相關(guān)法律法規(guī)修改頻繁,監(jiān)管政策不斷變化,這一方面是對(duì)房地產(chǎn)投資信托的研究不斷深入的結(jié)果,另一方面也為研究房地產(chǎn)投資信托造成了困難。目前,房地產(chǎn)投資信托的發(fā)展處于轉(zhuǎn)型期,完善房地產(chǎn)投資信托制度對(duì)房地產(chǎn)行業(yè)、金融業(yè)乃至整個(gè)國民經(jīng)濟(jì)都有著重大的意義。 就我國目前的房地產(chǎn)投資信托發(fā)展現(xiàn)狀來看,我國房地產(chǎn)投資信托制度發(fā)展中的最大問題就是投資模式上的缺陷。我國的房地產(chǎn)投資信托結(jié)構(gòu)有股權(quán)投資信托和借貸投資信托的區(qū)分,但在實(shí)際上借貸投資信托業(yè)務(wù)占了70%以上,真正意義上的股權(quán)投資信托少之又少。信托公司成為放“高利貸”的另類融資銀行,信托逐漸脫離信托“受人之托,代人理財(cái)”的信托法理念和宗旨。為了改變這一現(xiàn)象,銀監(jiān)會(huì)曾下發(fā)了一系列文件,嚴(yán)格限制信托公司的信托業(yè)務(wù),務(wù)求回歸股權(quán)投資信托本質(zhì)。但各種形式下的“假股權(quán),真借貸”使得銀監(jiān)會(huì)在監(jiān)管上有心無力,繼而衍生出一些列經(jīng)濟(jì)和法律問題。這些問題的出現(xiàn)是房地產(chǎn)投資信托制度設(shè)計(jì)上的缺陷,發(fā)展我國的房地產(chǎn)投資信托基金是解決這些問題的根本途徑。REITs制度已然成為世界趨勢,結(jié)合我國具體情形建立起中國模式的REITs制度將是我國房地產(chǎn)投資信托發(fā)展的方向。REITs制度的設(shè)立涉及多方面的法律問題,在REITs的組織形式、運(yùn)作模式、監(jiān)督管理的過程有很多的法律問題需要探討、解決,也是設(shè)立我國REITs的法律前提。
[Abstract]:These years of development of China's real estate industry is very rapid, high profit attracts a lot of investment into the real estate industry, which led to the rapid development of the real estate investment trust industry. The real estate investment trust in our country for a short history of the development of the system is not perfect, and the related system is still not fully established, after the real estate investment trust in the development process exposed more and more problems in.2000 years, the development of real estate investment trust industry more and more attention, the research about this aspect is increased, but the research from the perspective of law is very rare. The development speed of the real estate investment trust industry quickly. The relevant laws and regulations change frequently, regulatory policy changes, this is the research results to the real estate investment trust deeply, on the other hand, for the study of real estate investment trust It has caused difficulties. At present, the development of real estate investment trusts is in transition. Improving the real estate investment trust system has great significance for the real estate industry, the financial industry and even the whole national economy.
China's current real estate investment trust in the development of the status quo, defects of the biggest problem of real estate investment trusts in China is in the development of investment mode. The structure of real estate investment trust in China has the distinction between equity investment trust and loan investment trust, but in fact loan investment trust business accounted for more than 70%, really the sense of equity investment trust less. The trust company becomes offbeat financing bank "usury", trust gradually separated from the trust entrusted by the trust concept and purpose, generation financial management. In order to change this phenomenon, the CBRC has issued a series of documents, strictly limit the trust company. In order to return to equity investment trust. But the essence of various forms of "fake equity investment, real lending" makes the CBRC powerless in supervision, causing a number of economic and legal issues . these problems are the defects of real estate investment trusts in the system design, the development of real estate investment trusts in China is to solve these problems has become the fundamental way of.REITs system of the world trend, combined with China's specific situation to establish Chinese mode REITs system will be set up.REITs system of China's real estate investment trust development the legal issues involved in many aspects, operating in the REITs mode, organization form, process supervision and management have many legal problems need to solve, but also on the premise of establishing our REITs law.
【學(xué)位授予單位】:湖南師范大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2012
【分類號(hào)】:D922.282;F832.49
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