Exploring the Role of Intermediaries in Dual-Special Purpose Vehicle Mode REITs
Authors: 
Jingxia Xu, Jijin Geng, Yang Yu, Yun XiongAuthors Info & Claims
Jingxia Xu, Jijin Geng, Yang Yu, Yun XiongAuthors Info & ClaimsPages 36 - 40
Abstract
Real Estate Investment Trusts (REITs) receive increasing attention in China, with underlying assets involving shopping centers, office buildings, retail stores, rental and residential real estate properties, and infrastructures. Due to double taxation and imperfect related legal system, REITs in China generally adopt a dual-SPV structure. Intermediaries play a central role in the issuance and transaction process of REITs. Based on the role of intermediaries in REITs issuance and transaction, we summarize and analyse problems of intermediaries in REITs business through field research and empirical analysis, conclude that problems of intermediaries in professionalism, information disclosure, due diligence and cash flow collection account for over 90% of all problems of intermediaries, and give suggestions in terms of improving regulation, cultivating talents and preventing risks.
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Published In
September 2021
189 pages
ISBN:9781450385091
DOI:10.1145/3490322
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Association for Computing Machinery
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Published: 27 December 2021
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ICBDT 2021
ICBDT 2021: 2021 4th International Conference on Big Data Technologies
September 24 - 26, 2021
Zibo, China
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