Mar 25, 2023 03:17 AM

FINANCE

China Adds Shopping Malls to REIT Pilot Program

By Yue Yue and Denise Jia

As of end of February, China had 25 publicly traded REITs, raising over $11.65 billion.

As of end of February, China had 25 publicly traded REITs, raising over $11.65 billion.

China expanded a pilot program for publicly traded real estate investment trusts (REITs) for the second time to include more types of commercial properties in a push to increase infrastructure investment amid waning economic growth.

The REIT pilot program, launched in 2015 and expanded in 2021, will be broadened again to include consumer-related infrastructure projects, such as department stores, shopping malls and farmers’ markets, according to a notice issued Friday by the China Securities Regulatory Commission.

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