China looks to Reits to ease housing woes

Xi’s drive to encourage building of residences for rent opens market worth a potential $2tn. After years of anticipation, real estate investment trusts are coming to China, supported by Xi Jinping’s declaration that “houses are for living in, not for speculation”. The introduction of a new property financing tool in a country obsessed with real estate could open the way … https://on.ft.com/2GbiRly

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