Beijing's plan to set up REIT market in China draws sceptics

Beijing's plan to set up REIT market in China draws sceptics

The skyline of Beijing, China. Photo: Pixabay

China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.