05.16.18
Why REITs could ‘inject mojo’ into China property from CNBC.
Chinese financial regulators have issued a series of guidelines which point to the likelihood of the Chinese government putting a legal framework for REITs in place in China, according to China Daily.
This news comes after China Construction Bank, the country’s second-largest lender by assets, announced in March that it would turn its Chinese-listed real estate portfolio into a REIT as soon as it could list in China.
According to China Daily, Peking University has estimated that there is already a latent 4 trillion yuan (or $631 billion) market for REITs in China, about half the size of the U.S. market for REITs in 2017, according to NAREIT.