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It's time for the Chinese government....>

CHINA PRESS
CHINA PRESS: It's time for the Chinese government to officially authorize the
creation of real estate investment trusts (REITS), the Economic Information
Daily said Tuesday in a front-page article. The China Securities Regulatory
Commission is speeding up the development of policies and regulations to allow
for the launch of REITS in China. With some experts predicting that one-third of
China's population could become housing renters in coming years, and the
government encouraging the development of a rental market to satisfy housing
demand and help keep a lid on housing prices, REITs would help meet the demand
for investment to fund rental housing, the newspaper argued. (Economic
Information Daily)

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