Are you talking about real estate investment trusts?

REITs is real estate investment trust, which is the abbreviation of "Real Estate Investment Trust" in English (the plural is REITs).

This trust design originated in the United States in the 1960s.

Later, some Asian countries (or regions) imitated this trust design in the United States, but with slight differences in names.

For example, Japan and Taiwan call it "real estate investment trust", Hong Kong calls it "real estate investment trust fund", and mainland my country calls it "real estate investment trust" or "real estate investment trust fund".

Real estate investment trusts (REITs) are a mature investment model that has been established in the international real estate market for decades. It first appeared in the United States and has developed very rapidly in the Asia-Pacific region in recent years. Singapore, Taiwan, and Hong Kong have all

Relevant funds have been or are about to be listed.

The English name of real estate investment trusts is Real Estate Investment Trusts, and the abbreviation is REITs. It is an investment trust company engaged in real estate trading, development, management and other business activities. The company uses the income derived from real estate sales and leasing and other business activities as

It is distributed to shareholders in the form of dividends and is actually a real estate-type collective capital investment plan managed by professionals.

Real estate investment trusts (REITs) are essentially securitized industrial investment funds that attract funds from public investors by issuing shares or income units, and entrust specialized institutions for operation and management.

Currently, the real estate industry in mainland my country can use real estate trust investment funds for financing in the following two ways: First, real estate developers in mainland my country can invest in real estate by forming strategic partnerships with overseas real estate investment trust funds (REITs).

At present, such overseas funds mainly enter mainland China in the form of closed-end funds. Typical methods include: joint ventures with developers on projects, investing directly in projects, and then sharing profits with developers through shareholding relationships. For example, ING in the Netherlands

Development of the Songjiang project of the Land Group; direct investment and shareholding in development companies or the establishment of new investment companies, such as Morgan Stanley and Sunchi Group, Wantong Group and the United States Real Estate Fund; directly establishing investment companies in the mainland to carry out projects

Investment and development, such as the First China Real Estate Development Group invested by Macquarie Bank.

Domestic real estate developers will be very helpful in gaining the favor of overseas real estate investment trust funds (REITs) by improving project profitability, project risk management capabilities, the developer's own corporate development capabilities, and further standardizing financial management.

Further expand financing channels.

Secondly, real estate developers in mainland my country can consider listing on the Hong Kong Stock Exchange or the Singapore Exchange as real estate investment trusts (REITs) to win investment from foreign investors, especially small and medium-sized investors.

Currently, China's new Fund Law stipulates that securities investment funds can be listed. However, for industrial investment funds, due to the lack of supporting laws and regulations, the circulation market for listing is far from certain.

At present, many large-scale real estate developers in the mainland (such as Guangzhou Yuexiu Investment, Shenzhen Causeway Bay Group) and some domestic and foreign investment institutions (such as CapitaLand, Shenzhen State Investment) are exploring the use of high-quality assets in mainland China as real estate investment trusts.

Funds (REITs) were listed in Hong Kong and Singapore.

The Hong Kong Special Administrative Region of my country revised its Real Estate Investment Trust Code in June 2005, relaxing the geographical restrictions on real estate investment trusts (REITs) and allowing such funds listed in Hong Kong to invest in real estate outside Hong Kong; while Singapore Chen Weisheng, vice president and director of the listing department of the exchange, also led a delegation to China on July 11, 2005 to promote the listing of real estate investment trust funds (REITs) in Singapore.

Although current real estate developers have certain obstacles in terms of project returns, price-earnings ratios, and relevant financial laws and regulations, the prospects are still relatively optimistic.