Abstract
Urban land purchasing and reserving system is an innovation in urban land usage in china, despite several financial problems with it. Land securitization is the best choice for carrying out the urban land reserve system. In the framework of urban land purchasing and reserving system, the urban land securitization was divided into two subunits, land real assets securitization and land credit assets securitization, according to whether the assets are entity or not. According to the types of securities, the former includes land bonds, investment funds and land trust plan three modes, while the latter includes balance-in mode, balance-out mode, quasi-off-balance-sheet mode and off-shore four modes. Discussion the aforementioned operation modes lead to suggestions for improving urban land securitization.
Highlights
China started urban land use system reform in 1987
We should choose the best mode in the actual operation of the various cities in China according to their size, the character of their land reserve management institutions, the development of their land securitization markets and the demand for money and so on
It is an inevitable trend that asset securitization will be make extensively used and widely developed, while the urban land assets securitization is a useful means for exploring land assets financing
Summary
China started urban land use system reform in 1987. It has initially established a new urban land usage system, which can maintain public ownership of land property, and benefit the socialist marketing economy system after nearly 30-years long exploration. The so-called urban land purchasing and reserving system is commissioned or set up. By the government or their commissioned agencies for house dismantlement, land leveling and a series of preliminary development work, and in order to ensure the urban land market supply and demand balance, guide the market into a healthy and stable development track, they will put the reserve land on the market in a planned way by means of bid invitation, auction, etc. Urban land purchasing and reserving system started relatively late in China, practice validated it’s positive effect and great success has been achieved in many ways. It is necessary to broaden the land reserve financing channels and search for land assets securitization path
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
