tailieunhanh - China Real Estate Investment Handbook: The Details That Make A Difference

Tham khảo sách 'china real estate investment handbook: the details that make a difference', tài chính - ngân hàng, đầu tư bất động sản phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Deloitte China real estate investment handbook The details that make a difference 2012 edition China Real Estate Industry Contents 1 Foreword 2 1. Overview of China s real estate market 2 Current status of China s real estate market 4 The drivers impacting China s real estate market over 2012 6 Market outlook 7 2. Domestic taxes 7 Summary of the main taxes 10 Provisional collection and final settlement of LAT and EIT 12 Potential introduction of property tax 13 3. Structuring issues for inbound investment 13 About the investors 14 Investment structuring 19 Financing 20 Repatriation 20 Exit 22 Management company structure and tax issues 26 4. Regulatory framework 26 Key regulatory provisions affecting real estate investors 27 Holding structure 28 Project approval conditions 29 Investment funding 30 Other regulatory requirements 32 5. Property development process 32 Key phases of property development process 32 Opportunity 33 Acquisition and procurement 33 Development 34 Sales 34 Completion 36 6. Mergers and acquisitions 36 General business model 36 Overview of acquisition methods share acquisition vs. asset acquisition 37 Tax implications 38 M A tax rules 40 Common financial and tax due diligence issues in M A transactions 41 Considerations in structuring M A transactions 42 7. Alternative financing channels 42 Property trusts 45 Property funds 48 Foreign invested property funds 51 Property bonds 53 Offshore RMB REITs CNH - REIT 58 8. Accounting rules 58 Accounting rules in Chinese Mainland 66 Accounting rules in Hong Kong 71 New developments 74 9. Internal controls 74 C-SOX overview 75 Key issues in internal control of real estate enterprises 77 High risks in internal control for each type of real estate development project 79 Measures to improve internal control in real estate enterprises 81 10. Future