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China May Introduce REITs in Second Half, China Daily Reports

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May 20 (Bloomberg) -- China may introduce real estate investment trusts, or REITs, by the second half of this year, the China Daily reported today, citing unidentified people familiar with the matter.

The plan to introduce REITs is awaiting final approval from the State Council after having received approvals from relevant ministries, the Beijing-based English-language newspaper reported. Investments in REITs may initially be limited to institutional investors, according to the report.

Shanghai may introduce the first REIT that isn’t publicly traded, the newspaper reported.

Link to Company News:{600895 CH <Equity> CN <GO>} Link to Company News:{600648 CH <Equity> CN <GO>} Link to Company News:{600663 CH <Equity> CN <GO>} Link to Company News:{000002 CH <Equity> CN <GO>} Link to Company News:{600048 CH <Equity> CN <GO>} Link to Company News:{600383 CH <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

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