China’s government this week gave its go-ahead for the set up of real estate investment trusts (REIT), opening a channel that let investors tap the country’s property growth, while limiting their speculation in bricks-and-mortar buildings.The pilot programme, implemented after more than a year of public consultations, will allow China’s mutual funds to issue public REITs that can be bought and sold like stocks on the country’s exchanges, according to an April 30 statement by the National…
Source : South China Morning Post
Read more…China looks to real estate investment trusts to tap household savings, while letting the air out of property bubbles
