基础设施公募REITs信息披露法律制度研究

Research on the Legal System of Information Disclosure for Publicly Offered Infrastructure REITs

摘要: 近年来，基础设施公募REITs在我国经济发展中发挥了重要作用。目前，基础设施公募REITs已进入常态化阶段。在公募REITs的运行过程中，存在严重的信息不对称现象，建立完善的信息披露制度至关重要。然而，我国的信息披露存在披露主体不明确、披露内容和质量不足、违规救济不足等问题。为保障我国公募REITs的平稳发展，应当明确披露的法律主体，丰富披露内容，提高披露质量，完善救济机制，从而保护投资者合法权益，保障我国经济行稳致远。

Abstract: In recent years, publicly offered infrastructure REITs have played a significant role in China’s economic development, and they have now entered a normalized phase. However, severe information asymmetry exists during the operation of publicly offered REITs, making the establishment of a robust disclosure system crucial. Yet, China’s disclosure practices face issues such as unclear disclosing entities, insufficient content and quality, and inadequate remedies for violations. To ensure the stable development of publicly offered REITs in China, it is essential to clarify the legal entities responsible for disclosure, enrich disclosure content, improve disclosure quality, and refine remedy mechanisms. These measures will safeguard investors’ legitimate rights and interests while promoting the steady and sustainable growth of China’s economy.