Using the REITs model to convert immobile real estate with stable cash flow into liquid securities through asset isolation，cash flow restructuring and credit enhancement measures has become one of the important ways to revitalize assets. This report introduces the transaction subject，transaction structure and transaction relationship of REITs. Through the valuation types of three different project companies，this report analyzes how to use “reverse merger” to build a stock-debt structure，and takes the CCCC Lujian Qingxi Bridge REITs project as an example to illustrate the reverse merger to build 1∶2 shares Debt structure process，in order to more detailed description of infrastructure REITs transaction structure and the three types of reverse mergers，to achieve the purpose of guiding practice.