April 30, 2020 / 11:42 AM / in a month

China launched a pilot scheme for REITs in the infrastructure sector

BEIJING, April 30 (Reuters) - China launched a pilot scheme for real estate investment trusts (REITs) in the infrastructure sector, according to a statement posted by its state planner on Thursday.

The move aims to reduce corporate leverage and increase direct financing, the National Development and Reform Commission said. (Reporting by Samuel Shen and Nori Shirouzu Editing by Gareth Jones)

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