Your current location is:{Current column} >>Text
China's first residential REITs to be launched By Reuters
{Current column}349People have watched
Introduction© Reuters. SHANGHAI (Reuters) - China's first public real estate investment trusts (REITs) base ...

SHANGHAI (Reuters) - China's first public real estate investment trusts (REITs) based on residential properties will be launched soon, as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy.
Stock exchanges in Shanghai and Shenzhen each accepted an application for residential REITs backed by rental incomes from affordable housing, exchange filings show.
The launches will expand the investment scope of China's REITs, which have been based on infrastructure projects such toll ways, logistics centres and sewage plants.
But Beijing has no plans yet to allow REITs to channel money into commercial properties such as office towers and shopping malls - common REIT assets globally.
REITs are a collective investment scheme that sells shares in a trust that owns a collection of properties or infrastructure assets.
They can help China broaden funding sources for rental housing projects and help solve the problem of housing affordability, China's securities regulator and its state planner said in a statement late on Friday.
"It will also help prevent and reduce major risks, and maintain stable and healthy development of the real estate market," said the regulators, publishing rules for the issuance of rental apartment REITs.
China this week issued guidelines to expand infrastructure investment by freeing up capital locked in existing projects, and identified REITs as one of the tools.
Asset manager CICC Fund submitted an application for residential REITs to the Shanghai Stock Exchange, while Hotland Innovation Asset Management Co applied to launch a similar product via the Shenzhen bourse.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!
Tags:
Related articles
Factory orders, job openings, Walmart meeting: 3 things to watch By
{Current column}By Liz Moyer -- Stocks were mixed on Monday to start the first trading day of the second quarter aft ...
Read moreThe Fed's hawkish cut drove 10
{Current column}The impact of the Federal Reserve's recent hawkish rate cuts is continuing to unfold in the bon ...
Read moreWheat demand rebounds, soybean exports face pressure; policies and competition are key.
{Current column}CBOT Grain Market Experiences Volatility, Speculative Funds Show DivergenceOn Wednesday (November 27 ...
Read more
Popular Articles
Latest articles
-
Crypto Analyst Says Bitcoin is in an Undeniably Bullish Trend By CoinEdition
-
The escalating Russia
-
The U.S. Bureau of Labor Statistics will reclaim outsourced positions after data release errors.
-
Trump's tariff threats renew tensions, challenging China
-
US evacuated under 100 people from embassy in Sudan amid fighting By Reuters
-
Bitcoin hits $100,000, driven by expectations of Trump's policy boost.