Heads of Chinese property companies and.......>

CHINA: Heads of Chinese property companies and investment firms with a focus on

the property sector said Thursday that the full launching and development of

Chinese real estate investment trusts (REITs) still "has a long way to go." At a

conference in Beijing, property experts and heads of various property companies

said securitization would be a key trend in the Chinese property sector. The

head of Wins Investment, Xu Yafeng, said "the biggest potential" of such

securitization lies in REITs. The secretary general of the China REITS Alliance,

Wang Gang, noted that the government's campaign to develop its residential

renting sector greatly benefits the development of REITs in China. Wang said

that how to truly make REITs products available to individual investors, and how

to remove barriers in the tax system for REITS products and property projects

participating in the REITS segment, are issues that still need to be resolved.

He said preferential tax treatments should be offered for the REITs sector.