China Launches Private Equity Pilot to Boost Property Sector
- Funds allowed to invest in housing projects under construction
- Latest effort to expand financing support for real estate
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China launched a pilot program for real estate private equity investment funds, its latest effort to revive the struggling property market.
The China Securities Regulatory Commission will allow PE funds in the trials to invest in residential housing, including projects under construction, affordable homes and rental projects, it said in a statement late Monday. Investment in commercial real estate and infrastructure projects is also allowed under the program.