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China To Expand Scope Of REITs To Support Real Estate Sector - CSRC

CHINA PRESS

China plans to increase the use of real-estate investment trusts (REITs) to support the troubled sector, according to the Securities Daily. China will speed up the use of REITs in the affordable rental housing sector and expand the current pilot scheme to include long-term rental housing and commercial real estate, the paper said, quoting recent remarks by Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC). The move will provide an important channel for increasing liquidity, revitalising existing assets and introducing equity funds that will help reduce leverage.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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