China has seen the listing of 27 REITs since the country established a pilot infrastructure REIT scheme in 2020, but this number could double by the end of 2023.
This after the country’s regulators agreed to broaden the scope of infrastructure REITs to now include commercial REITs.
On 24 March, the China Securities Regulatory Commission (CSRC) broadened the pilot to now include commercial property REITs that own so-called “consumption-related infrastructure”.
This essentially means that owners of shopping centres and malls can now spin-off their assets into a China-listed REIT.
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