China Nears Approval of Its First Public REITs to Ease Debt
- Some infrastructure projects are shortlisted as candidates
- Regulators keen for roll out to ease local government debt
Photographer: Brent Lewin//Bloomberg
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China plans to approve its first real estate investment trusts to help local governments finance infrastructure projects while allowing retail investors to tap into what may become a $3 trillion market.
The regulators may authorize the first few REIT products and get them listed as soon as the first quarter under a trial that began in August, according to people familiar with the matter, who requested not to be named because the matter is private.