China’s securities regulator looks like accelerating its approval of rented-flat-backed securities, with a new product by a major developer given the go-ahead on Monday just 10 days after another by a leading flat operator was shown the green light.
Poly Real Estate, the mainland’s fourth largest developer by sale value, has been offered a 5 billion yuan (US$754 million) quota for the sale of securities backed by its rented flats portfolio by the Shanghai Stock Exchange….
Source : South China Morning Post
Read more…China’s securities regulator fast tracks rented-flat-backed securities
