China expanded a pilot program for publicly traded real estate investment trusts (REITs) for the second time to include more types of commercial properties in a push to increase infrastructure investment amid waning economic growth.
The REIT pilot program, launched in 2015 and expanded in 2021, will be broadened again to include consumer-related infrastructure projects, such as department stores, shopping malls and farmers' markets, according to a notice issued on Friday by the China Securities Regulatory Commission.
