A limited start for Reits in China

Author: | Published: 1 Dec 2008
The Chinese need not worry that introducing guidelines soon would open the floodgates

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...