China Launches Property Investment Trusts

China Launches Property Investment Trusts
07/05/2020 , by , in INTERNATIONAL

China announced plans to create a public market for real estate investment trusts (REITs), aiming to channel personal savings and private capital into infrastructure projects without overstretching already debt-laden local governments. Beijing is seeking to ramp up infrastructure investment to revive the Chinese economy, which has been hammered by the coronavirus pandemic and contracted for the first time on record in the first quarter.

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