Legal Conception of Public REITs for Railway Infrastructure in China
As an important means of innovative financing model,infrastructure REITs has the advantages of reducing debt level and revitalizing stock assets.They can effectively alleviate the current difficulties faced by the railway industry,such as a single finan-cing model,large debt scale,and poor asset liquidity.At present,the pilot work of REITs is advancing steadily under the promotion of policies,but there is no specific legislation on REITs at the legislative level.The adjustment of REITs is mainly based on departmental regulations and normative documents.The current legislative situation has problems such as low legislative hierarchy,incomplete inves-tor protection system,and mismatched tax preferential system.While actively attempting public REITs financing for railway infrastruc-ture,it is also necessary to actively prevent related legal risks.
万方数据
维普
