内蒙古房地产信托融资研究

中南民族大学硕士学位论文内蒙古房地产信托融资研究姓名：刘俊贤申请学位级别：硕士专业：中国少数民族经济指导教师：张英20070510I2003121IIAbstractWiththedevelopingofthehousingsysteminourcountry,thereal-estateindustryhavealreadypassedthroughandbecameanewpointofgrowthintheeconomyofInnerMongolianandthepropertydevelopmentinvestment,developmentscaleorpricemovementalldisplaysnoticeably.Howeverthefundhindrancesmanypropertydevelopmententerprisetoexpandtheeconomicalscale,tostrengthenthemarketcompetitivepowerinsufficient,whichcausestheenterprisehavetoseekmoreeffectivefinancingwaybecauseofthefollowingquestions:therealestateindustrydevelopmenttimeinInnerMongolianbeingnotlong,theenterprisegenerallysmall,thefundstrengthnotstrong,addingtherealestateenterprisefinancingchanneltobelimited,thefundoriginatingtheimpeded.Since21stdocumentpromulgation,thebanktightenedthemoneymarketinthedomesticfastdevelopmentandtherealestatetrusttokeitsownsuperiority,solvedtheInnerMongolianrealestateenterprisefundproblemandbringitsthepossibility.LearningtherealestatetrustandanalyzingtheInnerMongolianrealestatetrustfinancingpresentsituation,theexistencequestionandunifyingtheInnerMongolianconcreteenvironmentandthetrendofdevelopmentproposedpromotestheInnerMongolianrealestatefinancingdevelopmentcountermeasureisthekeytothereal-estateindustryinInnerMongoliaandalsobecomesthisarticlethecore.Thispaperlauncheslikethis.Firstly,someelementaryknowledgeoftherealestatetrustisintroduced.Secondly,thepaperdrawsthefollowingconclusion:thedeadlineofthepresentInnerMongolia'srealestatetrustproductisgenerallyshort;thetrustproductfluidityisbad;theutilizationofcapitalwayisunitary;theareaoftheinvestsiscentralized,whichdoesnotfavorthedispersiblerisk;riskconsciousnessisweak;thespecializedmanagementtroopislacksandsoonbasedonthefollowingfactssuchastheconditiontherealestatetrustisfinancing,thefactortherealestatetrustdevelopmentofInnerMongolianisimpelledandthepresentsituationtheInnerMongolianrealestatetrustisfinancingandtherealestatetrustproducttheunionalreadydistributedisanalyzed.Andthenthearticlewillthoroughlyanalyzetheenvironment,theopportunityfoundationwhichtheInnerMongolianrealestatetrustpresentlyfacesandindicatesitsfuturetrendofdevelopment.Finallythefollowingtentativeplansareproposed.Theseplansare:theprofitsfrominthedomesticrealestatetrustdevelopingprocessthesuccessexperience,therealestatetrustfinancingIIIsupportservicesystemshouldbeestablished,therealestatetrustfinancinginnovationshouldbeimpetuses,theappropriatetrustpatternshouldbechosen.Furthermore,attherightmomentrealestateinvestmenttrust(REITs)shouldbecultivated,theInnerMongolianrealestatetrustsecuritizationstepandformulationrealestatetrustspecializationpersonneltrainingstrategyshouldbestrengthened,theconsummationcorrespondinglawsandregulations,measuresshouldbemoreperfectthebenefitsonvariousaspectsshouldbesafeguarded.ItisonlywaythatcantheInnerMongolianrealestatetrustfinancingmarketdevelophealthily.Keyword:InnerMongoliatherealestatetrustfinancing1______2120053822.7721.611.7277.4539.41537.5517.950GDP2005“”GDP17()200634502810200760199620031211212005121157.2720041128.72006147212006102320032006:4()1.20032005()200410()20052.2005(2005)12(3)200318120058200515920051:20051053.200520052005200712(3)(4)(5)(6)(7)4.20062006200620042006(REITs):200521:200552005420071200692006520062200466(REITs)REITs2007REITsREITs1232005REITsREITsREITsREITsREITsREITs2003:200512REITs2007120051220058(.)200362005107::891.()()()2.1200581023()3.12113(4)5674.12005159160122461.2.13REITS3.4.5.1.swjian.chinavalue.net142.33.1.1215320062042.3.41617801.119791019801987198819821985198819931999802200120021114220031259200312182.160200240301020052.848.955.7220062718700417189658.168.891.4370.606298.932.12.1379004.232970118.937900828701132820032006www.imtic.com1920105.420050.420.6353.962005110643.00534.6285.533.22.22005534.62199.92-338.84-8.56220.80625.062200516606306082522156082592.32005www.xsdxt.com202.320054178777073717751729700723493455904805925972644250043484934406900411678572993803044161832800027819734307500274388182285002180763219025021076116197900197288291014201027201573100707601471700688961660630608254540005400093870036700427900279004245002403052110021100465006500012000200047749904304858351200610002961926010611.831.182.42005www.yanglee.com2006hhht.zgjrw.com21hhht.zgjrw.com2.420061.2006200320036“121”2006(1)20022420036660200496111.474583200520051231222.52005121157.271128.720022.5(2)20052.6100010(2.6):20062128:2006212823(3)212200512212005127()2.12004102420052006320061010600020061027“”20072123-0701-220073120006000“”3000-0701-300060003000-0701-325”121”1.40l0028620053822.7721.611.7277.4539.41537.5517.950GDP2005“”GDP17()2.720012005GDP211.12743.6645.22200199022904942.95200117.95200556.4590.51418.7368.652005200620061115-16262.7GDP()()()()()()()2001211.12990217.9590.51211.8314209832902002316.71472028.85151.19213.45171185737972003405.641879146.63194.23213.8921369945462004512.082032157.91248.28254.433673232005743.662904956.45418.73258493433www.nmgtj.gov.cn2.(1)2005125004600200132902003454620211.8320052582001142098493433(2)2.820013208200