The National Development & Reform Commission urged its local bureaus to step up publicity, cut red tape, and improve services, so that more infrastructure projects can be listed in the form of REITs, according to a notice posted on the agency's website on Friday.
Nine REITs were listed at launch, but since then only three others have been added. Analysts have said the market faces challenges, including a shortage of quality and profitable projects to list, as well as legal and tax issues. In addition, the NDRC urged its local bureaus to coordinate more with other government agencies, such as securities and environmental regulators, to speed up the issuance of REITs.
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