SHANGHAI: China's state planner is making a nationwide push to boost the country's nascent real estate investment trusts market, as Beijing seeks to speed up infrastructure investment.
China launched a public REITs market in Shanghai and Shenzhen in June, allowing infrastructure projects - ranging from tollways to sewage plants - to be listed as part of an effort to ease the debt burden on local governments. The NDRC notice dated Dec 29 said that local bureaus should tell infrastructure owners how REITs can help them reduce leverage, ward off debt risks and improve efficiency, and encourage them to list good projects.
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