China to launch REITs to provide more funding for infrastructure projects

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China will launch a long-awaited pilot scheme for real estate investment trusts (REITs) for infrastructure, in a move to channel more funding into infrastructure projects to boost the economy ravaged by the coronavirus outbreak.

The pilot program will allow the issuance of REITs backed by profit-making infrastructure projects that will be traded publicly like stocks, according to a statement jointly issued by the National Development and Reform Commission (NDRC) and the China Securities Regulatory Commission (CSRC) on Thursday.

REITs are a collective investment concept in which people can buy shares in a company . . .

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