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...