Caixin
Apr 13, 2018 05:24 AM
FINANCE

Illiquid Underlying Assets Hinder China’s REIT Growth, Central Banker Says

China’s REIT market could potentially be worth more than 12 trillion yuan, surpassing the U.S, if legal and tax barriers were removed, a report says. Photo: VCG
China’s REIT market could potentially be worth more than 12 trillion yuan, surpassing the U.S, if legal and tax barriers were removed, a report says. Photo: VCG

China’s new central bank governor said the delay in the development of China’s real estate investment trust (REIT) market results from the underlying assets not actually being sold in the market.

When asked about the timetable to launch publicly traded real estate investment trust products in China, People's Bank of China Governor Yi Gang said Thursday at the Boao Forum for Asia Annual Conference that the regulators are mulling policies to effectively develop the country’s REIT market.

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