As an innovative financial instrument,public REITs provide funding support and infrastructure guarantee for the development of new quality productive forces by revitalizing stock assets and promoting efficient capital flow.However,it faces in China institutional barriers such as unclear legal positioning,double taxation,and insufficient trust property protection.The"public fund plus asset-backed special plan"model can realize the basic functions of REITs within the existing legal framework.Therefore,it should be clearly defined as composite securities,adopt a"conduit-type"tax system,strengthen property independence protection,and construct a multi-level regulatory system to prevent systemic risks.By doing these,it is hoped to establish a standardized,efficient,and dynamic REITs market for the development of new quality productive forces.
关键词
公募REITs/法律制度/税收制度/监管体系/新质生产力
Key words
public REITs/legal system/tax system/regulatory system/new quality productive forces
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