In the late 2000s, it looked as if China REITs (real estate investment trusts), would have a coherent legal framework and thereafter become the dominant Asian REIT market. It never happened, floored by a tax impasse and concerns about market bubbles.
They may be set to pick themselves off the canvas, like Sylvester Stallone’s Rocky Balboa in the Rocky movies, and get back into the game.
A joint statement on April 30 by the China Securities Regulatory Commission (CSRC) and the National…
Source : South China Morning Post
Read more…China’s REITs need tax breaks to rouse a Rocky-like comeback, catch Singapore and Japan
