In Depth: China Flags Expansion of Red-Hot REITs to Boost Infrastructure Investment
China’s efforts to bolster economic growth this year and raise money to fund infrastructure projects could provide fresh momentum for the country’s fledgling market for real estate investment trusts (REITs).
Regulators have been testing the waters over the past year and have so far allowed 12 publicly offered infrastructure-focused REITs to sell shares on the Shanghai and Shenzhen stock exchanges. They’ve been a big hit with investors — as of Thursday, nine had seen their unit prices jump at least 20% since listing.
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