China plans to broaden the scope of real estate investment trusts, which raise funds to invest in property assets, as part of the government's sweeping array of measures supporting the long-troubled sector, a senior official said Thursday.
Caixin
China plans to broaden scope of REITs to bolster property sector
Government to accelerate development of affordable rental housing projects
As of the end of November, 22 infrastructure real estate investment trusts in China had sold shares, raising more than $10.8 billion.
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