HONG KONG: China plans to approve its first real estate investment trusts to help local governments finance infrastructure projects while allowing retail investors to tap into what may become a US$3 trillion market.
The regulators may authorise the first few REIT products and get them listed as soon as the first quarter under a trial that began in August, according to sources.
A handful of infrastructure projects including a sewage disposal plant operated by Beijing Capital Co, a waste-to-energy electricity generator by Shougang Group and three public transportation projects are on a shortlist, though names are still being finalised, the sources said.
...
