Shenzhen Stock Exchange vows to promote REITs issuance by low-carbon projects
Shenzhen Stock Exchange vows to promote REITs issuance by low-carbon projects

Shenzhen Stock Exchange vows to promote REITs issuance by low-carbon projects

 

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The Shenzhen Stock Exchange said in a statement on Thursday that it will promote more issuance of infrastructure REITs by low-carbon projects, part of efforts to help the country to achieve its carbon-peaking and carbon-neutrality goals.

The bourse will deepen the pilot of infrastructure REITs (real estate investment trusts), encourage qualified projects in clean energy, low-carbon industry parks, low-carbon transportation, ecological and environmental protection and other sustainable development projects to issue infrastructure REITs, it said.

The exchange will also expand the scope of of low-carbon and sustainable financial products, enrich supplies of multi-level sustainable financial products including green bonds, low-carbon indexes, low-carbon funds, infrastructure REITs, etc, it said.

China’s securities regulator had pledged to improve the mechanism on REITs as part of efforts to better support the real economy. Earlier in April 2020, China initiated a pilot scheme on infrastructure REITs to deepen supply-side structural reform in the financial sector and enhance the capital market’s capabilities.

In May this year, the National Development and Reform Commission, the country’s top economic planner, said it’s exploring adding new energy projects to its pilot scheme on real estate investment trusts for infrastructure projects.