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Some Chinese financial institutions.....>

CHINA PRESS
CHINA PRESS: Some Chinese financial institutions and property companies are
making preparations to launch real estate investment trusts (REITs), the China
Securities Journal said in a front-page report. Citic Securities, China
Merchants Securities and Bohai Huijin Securities already participate in related
businesses, while other securities and investment banks are discussing new
programs, sources told the newspaper. But taxation issues remain a problem,
meaning REITs still need more time to develop, according to the newspaper.
(China Securities Journal)

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