Reits offer new finance source in China

Author: | Published: 4 Dec 2008

As companies across Asia struggle to refinance, China has come up with a novel solution. The government will allow Real Estate Investment Trusts (Reits) to set up in the country, providing struggling property companies with a new potential source of cash. Last month, Caijing reported that the State Council had approved plans for a Reits framework in the PRC. The China Securities Regulatory Commission (CSRC) and China Banking Regulatory Commission (CBRC) are now discussing appropriate rules and structures, but no deadline...