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中国房地产金融已站在发展的交叉路口。经过数十年不断扩张的中国开发商,在资产负债表日渐杠杆化的同 时,也面临各大银行日趋保守的信贷政策。今后,这些开发商除了采用传统的融资手段,还需要着眼于一些 新兴的结构性融资工具。 本报告简要阐述了中国房地产金融的发展现状,并着重探讨了房地产证券化及房地产投资信托基金 (REITs)的未来发展前景。尽管房地产证券化和REITs尚处于起步阶段,但是对于中国房地产投资者和开发 商来说,它们有着巨大的发展潜力。

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This Report contains a full year’s data from 1 January to 31 December 2016 and focuses primarily on operations owned and managed by CDL’s Singapore headquarters, excluding that of our subsidiaries. The scope covers...

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The CDL Integrated Sustainability Report is CDL’s ninth standalone sustainability report. It is our latest annual publication dedicated to providing information on financial, social, and environmental performance that are material to CDL’s business and key stakeholders. Our last report was published in May 2015.

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