日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Make me your Homepage
left corner left corner
China Daily Website

Real estate PEs need clear rules

Updated: 2013-09-14 10:15
By Cai Xiao (China Daily)

As China urbanizes, more domestic private equity real estate funds have emerged, but the absence of strong institutional investors and the lack of a regulatory framework pose challenges to their development, the Zero2IPO Group and China Minsheng Banking Co said in a report on Friday.

As of the end of 2012, the nation's urban population was 711.8 million, accounting for 52.6 percent of the population - 1.3 percentage points higher than in 2011, government figures show.

As of that point, there were 141 Chinese PE real estate fund management companies, along with 31 foreign ones and six joint ventures.

The report said that 94 PE real estate funds that are investable in the Chinese mainland market finished financing in 2012 and the amount totaled $5.96 billion, showing that Chinese PE real estate investment was becoming popular.

The funds' founders were property developers, independent fund managers or professional PE firms.

But Chinese PE real estate funds face the dual challenges of a lack of institutional investors and the absence of relevant laws and regulations.

The main institutional investors in the Chinese property market are trust companies and foreign industry-based investment funds. No securities firms, insurance companies or social security funds in China may directly participate in property investment.

That's a marked difference from the PE real estate market in the United States, where insurers and pension funds are the main investors.

The major investors in Chinese PE real estate funds are affluent households and individuals, but they invest relatively small amounts and they aren't sophisticated long-term investors.

Thus, cultivating institutional investors in China is urgent. Enterprise annuity funds pension funds should be allowed into the market, said Ni Zhengdong, chairman of the Zero2IPO Group.

Ni added that the return on investment of real estate investment funds in China in the first half of 2013 was as high as 19.6 percent.

No law in China has authorized PE real estate investment funds, so it is difficult for them to operate.

The report said that the scale of PE real estate funds in China has become large, and it urged regulators to enact related laws and rules soon.

 
8.03K
 
...
主站蜘蛛池模板: 欧美精品一区二区三区在线 | 久久精品综合电影 | 欧美aaa级| 欧美黄色大片免费观看 | 99九九精品视频 | 午夜精品久久久久久99热7777 | 亚洲欧美综合久久 | 精品伊人久久久99热这里只 | 999在线 | 九月色婷婷| 日本视频不卡 | 国产精品婷婷午夜在线观看 | 一级毛片免费不卡在线 | 免费国产精品视频在线 | 久久大香香蕉国产免费网站 | 亚洲日韩视频免费观看 | 午夜成人在线视频 | av网址在线播放 | 99re3 | 久草免费色站 | 天天做天天爱天天大综合 | heyzo欧美| 日韩福利视频一区 | 欧美级| 久久精品一区二区三区四区 | 久久精品国产一区二区三区不卡 | 91麻豆国产极品在线观看洋子 | 亚洲日韩中文字幕 | 久久亚洲国产精品 | 91短视频网址 | 亚洲www在线| 黄色av片在线观看 | 精品啪啪| 日韩欧美一区在线观看 | 国产精品成人在线观看 | 久久国产亚洲 | 欧美高清在线视频一区二区 | 成人国产一区二区三区 | 香蕉国产人午夜视频在线 | 婷婷丁香综合 | 久久久一区二区精品 |