Empirical Analysis of the Factors Affecting the Price of China Expressway Public REITs
In recent years,China Public REITs have received strong policy support and the market has developed rapidly.This pa-per selects the most representative highway REITs as the research object,and uses quantitative methods to analyze the impact of highway stock price index,10-year treasury bond interest rate,and Dr007 on the price of highway REITs.Based on the empirical results,Firstly,China Public REITs have strong stock attributes and weak bond attributes.Secondly,the impact of interest rates on the prices of REITs is uneven and asymmetric.Thirdly,China Public REITs have characteristics of risk and return neutrality,and have investment value.In the future,REITs may become asset choices for diversifying risks and optimizing investment port-folios.The innovation of this article lies in selecting targeted data to analyze the stock and bond attributes of REITs in China,and conducting preliminary discussions on their role in portfolio management.
NETL
NSTL
万方数据
