Financing of Low-Rent Housing REITs in China

作     者：Xiaoxin LIU Di WU Xiuting LI Jichang DONG 

作者机构：School of Management University of Chinese Academy of Sciences 

出 版 物：《Journal of Systems Science and Information》 (系统科学与信息学报)

年 卷 期：2013年第1卷第1期

页      面：1-21页

学科分类：12[管理学] 1204[管理学-公共管理] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 120405[管理学-土地资源管理] 

基　　金：Supported by National Natural Science Foundation of China(No.71203217 and No.71173213) China Postdoctoral Science Foundation(No.2012T50151 and No.2011M500412) 

主　　题：low-rent housing REITs agent simulation influence factors financing 

摘      要：Taking the special features of the Chinese real estate market and financial market into account, this paper explores the application of real estate investment trusts(REITs) in low-rent housing and introduces an agent-based simulation model for low-rent housing REITs in the issuing and trading markets. Overcoming the difficulty of lacking relevant REITs models and data in China, We find that how the rental income and government subsidy, market fixed interest rate, dividend proportion of low-rent housing REITs and market surplus fund influence the financing of low-rent housing REITs.