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China launches publicly traded REITs to spur economy (Financial Review)

China launches publicly traded REITs to spur economy (Financial Review)

May 1, 2020 – Beijing | Chinese authorities announced a long-awaited pilot program for real estate investment trusts (REITs) to provide new funding for infrastructure, bolster the economy and counter economic fallout from the coronavirus shutdowns.

The pilot program will allow the issuance of REITs backed by profit-making infrastructure projects that will be traded publicly like stocks, according to a statement on Thursday by the National Development and Reform Commission.

Read more here.