China Expands REIT Market to Spur Infrastructure Growth
Chinese regulators have set the ball rolling for a fresh round of fundraising by the country’s nascent publicly offered infrastructure-focused real estate investment trusts (REITs), as part of a push to increase infrastructure investment amid waning economic growth.
The Shanghai and Shenzhen stock exchanges published a new set of rules on May 31 that allow these listed REITs to raise additional funds through a follow-up offering of new shares. The bourses had been instructed to create the new framework by the China Securities Regulatory Commission (CSRC).
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