Half of trust funds into real estate

Guarantee Room commercial real estate A new way out our reporter season boat in Beijing although house prices are still strong, in the impact of multiple policies, real estate companies began to feel a bit cold this winter.　　Real estate companies are becoming more and more difficult to borrow from banks, so real estate companies are increasingly turning to trust channels for financing, but the "lifeline" of trust has been under increasing scrutiny. In November 2010, the CBRC issued a "trust company real Estate Trust business risk prompt Notice", requires trust companies to submit the real Estate Trust in the self-examination report before December 20.　　The real Estate Trust, which was released in full swing, had to be cooled. 54.87% trust funds into the real estate according to Puyi wealth of incomplete statistics, as at the end of December 2010, the national Total issued 1970 trust products, of which 500 products to the real estate sector, in the number accounted for the overall 25%.　　But on the scale of the funds, a total of 190.8 billion of the trust funds, the investment in real estate is 104.7 billion yuan, accounting for the total of 54.87%. "Due to the lag in the data published by some trust companies, the corresponding data may increase." Chen Bongjin, a researcher at Puyi Wealth Trust, told reporters that "in December 2010, only one or two of the trust products invested in real estate a week fell a lot from November." "In addition, according to the use of profit Trust studio statistics show that December 20, 2010 December 26 Week, a total of 15 trust companies issued 21 products, the total size of the distribution of 3.54 billion yuan."　　There are 3 real estate trust products, although in the number of issues to maintain a weak, but in the size of the collection accounted for the week of the total size of 45%, such as the Sino-Australian Trust issued a 1.46 billion of real estate trust products.　　Benefit Trust Studio November 2010 statistics show that the month a total of 62 real estate Trust products issued, disclosed the total size of the distribution of more than 16.1 billion yuan.　　Under strict supervision, the real estate Trust products issued by trust companies are usually in compliance with the regulatory standards, including real estate development projects to meet the "four certificates" complete, developers or their controlling shareholders have two level of qualification, Project Capital to meet the minimum national requirements. 10% high returns to become a gold-sucking magic weapon "according to the current rough statistics, real estate trust products yield average of 10.2%, some of the higher risk of real estate trust products can reach higher, the current high prices, real estate trust products, high returns very attractive investors."　　Chen Bongjin to reporters.　　such as 2010 8-October, the real estate trust products average income reached 9.8%, 10.1%, 10.57%, the trend is rising, Citic Trust issued the "Gold Real Estate Fund 3rd Trust Products", the annual yield of up to 12.5%. According to the statistical data of the profit Trust studio, the average annual income of the November 2010 Real Estate TrustRate was 9.29%, while the average yield for all trust products was 8.44% per cent. The average annual yield to the financial market is 7.72%, and the average yield of the trust products to the infrastructure sector is 7.91%, and the average annual yield of the trust products to the business is 7.5%.　　It is not difficult to see that the real estate trust product profitability is one of the best.　　"Generation financing" to "generation of wealth" in 2010, the regulator issued a series of policies to oversee the trust industry, from reducing the trust lever to a call to stop the silver letter cooperation products, and to limit real estate trusts, which pushed the trust industry to the forefront. Hu Yuanzhou, of the Trust studio, said the trust industry seemed to give the impression of a "troublemaker", which, when regulated by a strict control of credit lines, was a credit limit, and when the state regulated real estate, the trust provided support for the real estate industry.　　At present, the regulatory layer through a series of policies to drive the trust Company "forced" to the "money generation" of the "right", the outlook is not optimistic. "Regulators issued a notice in November 2010 that the 10-month Trust company had made huge profits from the real estate business, and regulatory restrictions did not shut down trust companies." Although this measure cut off the trust company's lucrative profits, but this also prompted the trust companies to find another way out, and even some trust companies disguised as a crackdown on the Silver Letter cooperation project. "Hu Yuanzhou pointed out," in order to make the trust industry to the right direction, only by the regulation of the driving is not enough, we must let the trust company really set up the ' generation of money ' long-term profit model, otherwise trust companies will continue to wander in the gap between the ' generation of financing '.　　"In Chen Bongjin's view, the regulatory layer's strict regulation is to make real estate trusts more normative, because the real estate business is too vulnerable to the temptation of interest, the financing of irregular projects, which will undoubtedly increase the risk of the entire market." Protection Housing Commercial Real estate is a new opportunity "The current trust products issued by the trust companies mostly for commercial housing financing, and because of high housing prices, commercial residential risk is higher, the current regulatory authorities are to strengthen this constraint." "Trust companies can turn to Chen Bongjin, commercial real estate and perhaps find a new way out," he said. "China Enterprise Federation executive vice President, China Real Estate Development Group Chairman Mengxiaosu in the recently held Sohu Entrepreneur Forum pointed out:" The current security housing construction funds problem has been plagued the development of housing, can be real estate trust investment funds into low-cost housing construction, so as to solve the problem of capital.　　"At present, Shanghai, Tianjin, Chongqing and other fields have begun to pilot the real estate Trust investment funds into low-cost housing and public housing construction." At present, the domestic real estate market bubble mainly concentrates in the housing domain, the safeguard housing, the commercial real estate may become the trust Company in the real estate domain new opportunity and the profit growth point.　　Some trust companies have begun to develop real estate trust investment funds for the housing and commercial real estate sectors."The residential sector, although the benefits are high, but volatile, more susceptible to the impact of the policy, the risk is also large, and if the security house, commercial real estate sector, although the benefits may not be so high, but if the size of the big, the benefits are also considerable." "Chen Bongjin points out.