| 英文摘要 |
Real estate securitization has greatly activated the market, and mort-gage securitization has also become the culprit of the US subprime mort-gage crisis. Real Estate Investment Trusts (REITs) are based on mature real estate, reducing market risk and extending revenue times for most countries. Taiwan has passed REITs legislation in the early stage. Due to market size and investment direction, actual cases have not been effective. How-ever, Mainland China has not yet issued relevant laws and regulations, and carries out REITs-like operations through asset-specific management plans. The procedures are cumbersome, the tax burden is heavier, and the rights of natural person investors are difficult to guarantee. This article focuses on the cross-strait REITs market and mutual ref-erence, while referring to the Asian market in Japan and Hong Kong, on the one hand optimize the REITs product structure and distribution proce-dures, on the other hand, relax the investment direction and region, and assist to strengthen supervision and maximize benefits. |
