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China to launch property investment trusts to spur infrastructure development

Beijing is attempting to revive the economy, which has been hammered by the pandemic

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Under the pilot scheme, Chinese mutual fund houses will launch Reits products that invest in infrastructure projects including warehouses, toll ways, airports, public utilities and industrial parks.

Beijing

CHINA has announced plans to create a public market for real estate investment trusts (Reits), aiming to channel personal savings and private capital into infrastructure projects without overstretching already debt-laden local governments.

Beijing is seeking to ramp up...

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