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style=\"text-indent:2em;\">2001\u5e74\u65e5\u672c\u53d1\u884c\u4e86\u7b2c\u4e00\u53eaJ-REITs\uff0c\u968f\u7740\u5176REITs\u5236\u5ea6\u7684\u6301\u7eed\u6539\u8fdb\u548c\u5b8c\u5584\uff0c\u5bf9\u65e5\u672c\u623f\u5730\u4ea7\u5e02\u573a\u4ea7\u751f\u4e86\u6df1\u8fdc\u7684\u5f71\u54cd\u30022008\u5e74\uff0c\u53d7\u7f8e\u56fd\u6b21\u8d37\u5371\u673a\u5f71\u54cd\uff0c\u65e5\u672c\u623f\u5e02\u906d\u53d7\u91cd\u5927\u51b2\u51fb\uff0c\u8fdb\u800c\u5bfc\u81f4\u65e5\u672cJ-REITs\u5e02\u573a\u9677\u5165\u4f4e\u8c37\u3002\u968f\u540e\uff0c\u57282010\u5e74\u65e5\u672c\u94f6\u884c\u5b9e\u884c\u7684\u5927\u89c4\u6a21\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e72\u9884\u4e0b\uff0cJ-REITs\u5e02\u573a\u5f97\u5230\u6709\u6548\u523a\u6fc0\u5e76\u5b9e\u73b0\u590d\u82cf\u548c\u53cd\u5f39\u3002\u8fd1\u5341\u591a\u5e74\u6765\uff0cJ-REITs\u5e02\u573a\u89c4\u6a21\u5b9e\u73b0\u4e86\u63a5\u8fd1\u4e09\u500d\u7684\u589e\u957f\uff0c\u540c\u65f6\uff0cJ-REITs\u7684\u6570\u91cf\u4e5f\u51e0\u4e4e\u7ffb\u4e86\u4e00\u756a\u30022015\u5e744\u6708\uff0c\u4e1c\u4eac\u8bc1\u5238\u4ea4\u6613\u6240\uff08TSE\uff09\u8bbe\u7acb\u4e86\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u5e02\u573a\uff0c\u7528\u6765\u6295\u8d44\u53ef\u518d\u751f\u80fd\u6e90\u8bbe\u65bd\u3001\u7535\u7f51\u3001\u4ea4\u901a\u548c\u8f93\u7535\u7f51\u7edc\u7b49\u57fa\u7840\u8bbe\u65bd\u8d44\u4ea7\u7684\u57fa\u91d1\uff0c\u5176\u5728\u53d1\u884c\u6761\u4ef6\u3001\u4fe1\u606f\u62ab\u9732\u3001\u5206\u7ea2\u6807\u51c6\u7b49\u4f53\u7cfb\u7ed3\u6784\u4e0eJ-REITs\u65e0\u672c\u8d28\u533a\u522b\uff0c\u540c\u6837\u4e5f\u88ab\u7ed9\u4e88\u7a0e\u6536\u4f18\u60e0\uff0c\u53d6\u6d88\u53cc\u91cd\u5f81\u7a0e\uff0c\u5bf9\u6295\u8d44\u8005\u5438\u5f15\u529b\u8f83\u5f3a\u3002<\/p>\n\n\n\n<p 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style=\"text-indent:2em;\">\u968f\u7740\u5370\u5ea6\u57ce\u5e02\u5316\u8fdb\u7a0b\u7684\u52a0\u901f\u63a8\u8fdb\uff0c\u9884\u8ba1\u52302030\u5e74\uff0c\u5370\u5ea6\u6bcf\u5e74\u9700\u8981\u5efa\u8bbe6\u20138\u4ebf\u5e73\u65b9\u7c73\u7684\u57ce\u5e02\u7a7a\u95f4\uff0c\u52302025\u5e74\u5176\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u7684\u76f8\u5173\u8d44\u91d1\u9700\u6c42\u5c06\u8d85\u8fc71400\u4ebf\u7f8e\u5143\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u5370\u5ea6\u7684REITs\u548cInvITs\u662f\u8be5\u56fd\u57ce\u5e02\u5316\u8fdb\u7a0b\u7684\u5173\u952e\uff0c\u5b83\u4eec\u5728\u5f25\u5408\u878d\u8d44\u7f3a\u53e3\u65b9\u9762\u53d1\u6325\u7740\u5173\u952e\u4f5c\u7528\u3002\u622a\u81f3\u76ee\u524d\uff0c\u5370\u5ea6\u5e02\u573a\u5171\u670922\u53eaREITs\u4ea7\u54c1\uff0c\u5305\u62ec19\u53ea\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u4fe1\u6258\uff08InvITs\uff09\u548c3\u53ea\u4e0d\u52a8\u4ea7\u6295\u8d44\u4fe1\u6258\uff08REITs\uff09\u4ea7\u54c1\uff0c\u5747\u5728\u75ab\u60c5\u671f\u95f4\u8868\u73b0\u51fa\u4e86\u8f83\u9ad8\u7684\u7a33\u5b9a\u6027\u548c\u6536\u76ca\u7387\u3002 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style=\"text-indent:2em;\">\u56db\u3001\u603b\u7ed3\u548c\u5c55\u671b<\/p>\n\n\n\n<p style=\"text-indent:2em;\">\u6211\u56fd\u662f\u5168\u7403\u53ef\u518d\u751f\u80fd\u6e90\u6295\u8d44\u7684\u4e3b\u8981\u529b\u91cf\uff0c2023\u5e74\u5168\u7403\u53ef\u518d\u751f\u80fd\u6e90\u65b0\u589e\u88c5\u673a5.1\u4ebf\u5343\u74e6\uff0c\u5176\u4e2d\u6211\u56fd\u8d21\u732e\u8d85\u8fc750%\u3002\u5c3d\u7ba1\u6211\u56fd\u5728\u4f20\u7edf\u5546\u4e1a\u5730\u4ea7REITs\u5e02\u573a\u4e0a\u4e0e\u6b27\u7f8e\u53d1\u8fbe\u56fd\u5bb6\u4ecd\u6709\u5dee\u8ddd\uff0c\u4f46\u65b0\u80fd\u6e90REITs\u6709\u671b\u6210\u4e3a\u4e2d\u56fd\u516c\u52dfREITs\u5b9e\u73b0\u201c\u5f2f\u9053\u8d85\u8f66\u201d\u7684\u7a81\u7834\u53e3\u3002\u9762\u5bf9\u8d8a\u6765\u8d8a\u6fc0\u70c8\u7684\u5168\u7403\u7ade\u4e89\uff0c\u6211\u56fd\u5e94\u79ef\u6781\u642d\u5efa\u65b0\u80fd\u6e90REITs\u53d1\u884c\u5e73\u53f0\uff0c\u5236\u5b9a\u901a\u7528\u6807\u51c6\uff0c\u63a8\u52a8\u6b64\u7c7b\u4ea7\u54c1\u8d70\u5411\u56fd\u9645\u5e02\u573a\uff0c\u4ece\u800c\u4ee5\u8f83\u5c0f\u6210\u672c\u83b7\u5f97\u8f83\u9ad8\u6536\u76ca\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u6211\u56fd\u5728\u53ef\u518d\u751f\u80fd\u6e90\u9886\u57df\u7684\u9886\u5148\u5730\u4f4d\u3002<\/p>\n\n\n\n<p style=\"text-indent:2em;\">\u53c2\u8003\u6587\u732e<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[1]\u5b59\u65af\u9038,\u5411\u4e30.REITs\u91d1\u878d\u6a21\u5f0f\u52a9\u529b\u80fd\u6e90\u96c6\u56e2\u4f4e\u78b3\u8f6c\u578b\u7814\u7a76[J].\u6cb3\u5317\u91d1\u878d,2023,(08):6-10.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[2]\u6768\u548f\u6885.\u4e2d\u5916\u201c\u65b0\u57fa\u5efa\u201dREITs\u5e95\u5c42\u8d44\u4ea7\u4e0e\u7ec4\u7ec7\u7ed3\u6784\u6bd4\u8f83\u5206\u6790[J].\u4e2d\u56fd\u6ce8\u518c\u4f1a\u8ba1\u5e08,2022,(05):121-126.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[3]Cheng Y L ,Lin C L ,Graeme N .The significance of residential REITs in Japan as an institutionalised property sector[J].Journal of Property Investment Finance,2019,37(4):363-379.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[4]\u5149\u534eREITs\u8bfe\u9898\u7ec4.\u4e2d\u56fd\u57fa\u7840\u8bbe\u65bdREITs\u521b\u65b0\u53d1\u5c55\u7814\u7a76[R\/OL].(2019-01-10)[2024-3-7]. https:\/\/www.gsm.pku.edu.cn\/thought_leadership\/info\/1072\/1294.htm.\u00a0<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[5]\u738b\u79c0\u4e91,\u738b\u7426.\u57fa\u7840\u8bbe\u65bdREITs\u8bd5\u70b9\u7ecf\u9a8c\u4e0e\u53d1\u5c55\u5efa\u8bae[J].\u94f6\u884c\u5bb6,2023(07):74-78+7.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[6]Paul B ,Dan F ,Chris T .REIT Organizational Structure, Institutional Ownership, and Stock Performance[J].The Journal of Real Estate Portfolio Management,2014,20(1):21-36.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">[7]\u6768\u548f\u6885,\u9648\u7f8e\u534e.\u8bbaREITs\u7ed3\u6784\u6a21\u5f0f\u4e0e\u7a0e\u6536\u653f\u7b56\u2014\u2014\u4ee5\u57fa\u7840\u8bbe\u65bd\u516c\u52dfREITs\u4e3a\u4f8b[J].\u8d22\u4f1a\u6708\u520a,2021,(13):133-141.<\/p>\n\n\n\n<p style=\"text-indent:2em;\">\u3010\u672c\u6587\u7cfb2023\u5e74\u5ea6\u6cb3\u5317\u7701\u793e\u4f1a\u79d1\u5b66\u53d1\u5c55\u7814\u7a76\u91cd\u70b9\u8bfe\u9898\uff0820230102005\uff09\u57fa\u91d1\u9879\u76ee\u3011<\/p>\n\n\n\n<p style=\"text-indent:2em;\">\uff08\u90d1\u7956\u5a77\u7cfb\u534e\u5317\u7406\u5de5\u5927\u5b66\u7ecf\u7ba1\u5b66\u9662\u6559\u6388\uff1b\u4e8e\u8d85\u8d8a\u7cfb\u534e\u5317\u7406\u5de5\u5927\u5b66\u7ecf\u7ba1\u5b66\u9662\u7814\u7a76\u751f\uff09<\/p>\n\n\n\n<p style=\"text-indent:2em;\"><strong>Comparative Study on the Development of Energy Infrastructure REITs between China and Foreign Countries<\/strong><\/p>\n\n\n\n<p style=\"text-indent:2em;\">Zheng Zuting Yu Chaoyue<\/p>\n\n\n\n<p style=\"text-indent:2em;\"><strong>Abstract: <\/strong>In the global energy transition process, the significance of constructing new energy facilities has become increasingly prominent. However, this process is generally characterized by substantial funding requirements and a lengthy investment return cycle. Confronted with this status quo, numerous countries are actively exploring new financing avenues, particularly leveraging Real Estate Investment Trusts (REITs), a financial instrument, to support infrastructure investment and construction. This article, by introducing the current state of energy infrastructure REITs in selected countries and comparing them with China, delves into the experiences of foreign REITs in terms of their clear legal forms, the involvement of original equity holders in management, specialized regulations, and tax policies. It reveals that currently, few mature REITs markets consider new energy infrastructure as underlying assets, emphasizing the urgency to expedite the innovation and promotion of new energy REITs products in China. This endeavor not only has the potential to effectively address the funding challenges associated with large-scale new energy facility construction but also positions China to gain a competitive edge in the global energy transition, accelerating the achievement of green and low-carbon development goals.<\/p>\n\n\n\n<p style=\"text-indent:2em;\"><strong>Keywords: <\/strong>Infrastructure REITs; Energy Infrastructure; Contrastive Study&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u90d1\u7956\u5a77 \u4e8e\u8d85\u8d8a\uff08\u534e\u5317\u7406\u5de5\u5927\u5b66\u7ecf\u7ba1\u5b66\u9662\uff09 &nbsp;\u6458 \u8981\uff1a\u5728\u5168\u7403\u80fd\u6e90\u8f6c\u578b\u8fc7\u7a0b\u4e2d\uff0c\u65b0\u80fd\u6e90\u8bbe\u65bd\u5efa\u8bbe\u7684\u91cd\u8981\u6027\u4e0d\u65ad<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/nefi.develpress.com\/?p=16321\" title=\"\u9605\u8bfb\u66f4\u591a\">\u9605\u8bfb\u66f4\u591a<\/a><\/div>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"_links":{"self":[{"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/posts\/16321"}],"collection":[{"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16321"}],"version-history":[{"count":1,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/posts\/16321\/revisions"}],"predecessor-version":[{"id":16323,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=\/wp\/v2\/posts\/16321\/revisions\/16323"}],"wp:attachment":[{"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nefi.develpress.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}