【作者】 隆安燕；

【导师】 唐文琳；

【作者基本信息】 广西大学 ， 工商管理， 2005， 硕士

【摘要】 房地产业是资金密集型的行业,资金需求量大、周期长、风险高。同时房地产业是我国的支柱产业,房地产业对我国的国民经济发展有巨大的带动作用。据统计,2003年前房地产开发资金有70%左右来自银行贷款,银行因此承担了巨大的风险。2003年6月15日,为防范房地产金融风险,中国人民银行颁布了《关于进一步加强房地产信贷的通知》(121号文件),提高整个行业的贷款门槛,规范了房地产金融市场。由于121号文件的颁布实施,很多房地产开发企业的资金突然紧张起来,面临着资金链断裂的危险。在很多的房地产开发企业都在寻找新融资途径的背景下,房地产投资信托成了房地产融资的宠儿。 房地产投资信托的出现,不单单为房地产融资提供了新的融资渠道,同时也产生了一些房地产新的运作模式。这些新的房地产运作模式为房地产企业带来了机遇和挑战。从房地产项目的前期策划到后期的物业管理,都为房地产企业提供了市场机会。 广西宝资诚集团是广西区内集房地产项目投资和全程管理服务的综合企业。本文在全面分析了房地产投资信托的发展和宝资诚集团的内部条件基础上,为宝资诚集团开展房地产投资信托业务制定了业务战略。更多还原

【Abstract】 Realty investment is a fund intensive industry. It has the character of large funds, long period, high risk. It is the pillar industry of our country, it also has the positive effect in national economy. It is calculated that before 2003, 70% funds of the realty were bank loan. Therefore, banks take the high risk. In order to keep away finance risk in realty business, on 15th June, 2003, Bank of China promulgated The Notice of Strength the Credit Loan in the Realty Business, which is called No.121 file, to raise the threshold of loan in the realty, and to standardize the finance market of realty business. Because of the promulgation of the No.121 file, many realty enterprises are in short supply of funds, therefore, they began to search the new way to raise funds. Then REIT became the hot topic.The REIT not only provide a new way to raise the funds of realty, but also innovated many new operation mode. These new operation mode in realty offered the realty enterprises some challenges and更多还原