PPP-REITs运作模式的设计与分析  

Design and Analysis of PPP-REITs Operation Model

作　　者：叶露 冯珂[3] 王守清 YE Lu;FENG Ke;WANG Shouqing(Department of Construction Management,Tsinghua University,Beijing 100084,China;Hang Lung Center for Real Estate,Tsinghua University,Beijing 100084,China;School of Economics and Management Engineering,Beijing University of Civil Engineering and Architecture,Beijing 100044,China)

机构地区：[1]清华大学建设管理系,北京100084 [2]清华大学恒隆房地产研究中心,北京100084 [3]北京建筑大学经济与管理工程学院,北京100044

出　　处：《建筑经济》2019年第2期31-35,共5页Construction Economy

基　　金：国家自然科学基金资助项目(71572089;71772098)

摘　　要：PPP与REITs相结合是解决PPP项目融资难、完善社会资本交易与退出机制、发展PPP二级市场、增强PPP流动性等的重要举措之一。论证PPP-REITs的可行性与现实意义,设计完整的PPP-REITs运作模式,并结合PPP项目特征分析需要重视的若干问题,最后为推广PPP-REITs提出相应的政策建议。The combination of PPP and REITs is one of the important measures for PPP projects to solve financing difficulties,help social capital to transaction smoothly,develop secondary market and increase the liquidity. On the basis of demonstrating the significance and feasibility of PPP-REITs,this paper designs a complete operation model of PPP-REITs and analyzes some critical issues in combination with the characteristics of PPP projects,finally proposes policies and suggestions for promoting PPP-REITs.

关 键 词：公私合作 房地产投资信托基金 资产证券化 运作模式 

分 类 号：F407.9[经济管理—产业经济]