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 the authorities have their work cut out in creating a fully-fledged market. Read more at The Business Times.
Leo Zhang, the chairman of Jumbo Consulting, an infrastructure-focused consultancy, expects it will take several years to develop the market.
A broader China Reits market that eventually covers property could reach over US$3 trillion, Goldman Sachs estimated. This would be enough to surpass the United States as the world's largest. Infrastructure funded through public-private partnerships , which have to date led China's efforts to attract private investors, usually yield at best between five per cent and six per cent, compared to between 12 and 15 per cent for those in Western economies, he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India posts record jump in COVID-19 cases, Modi says 'long battle' aheadIndia reported a record daily jump of 7,964 new COVID-19 infections on Saturday, with a recent surge in cases as lockdown restrictions start to ease raising the possibility that Prime Minister Narendra Modi could extend curbs beyond May 31. In an open letter marking one year into his second term, Modi
Read more »
Italy unearths Roman mosaic after century-long huntArchaeologists have discovered an exquisitely preserved Roman mosaic under a vineyard in northern Italy after a century of searching, the local ...
Read more »
Volkswagen pumps 2 billion euros into China electric vehicle betVolkswagen AG plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric ...
Read more »
Broker's take: DBS upgrades SPH Reit to 'hold', sees light at end of tunnelDBS Group Research on Friday upgraded SPH Reit to 'hold' from 'fully valued' and raised its target price to S$0.80 from S$0.70. Read more at The Business Times.
Read more »
COVID-19: Better crowd management at markets after entry restrictions, says NEAThe odd-or-even date entry restriction at popular Singapore markets during the circuit breaker period has resulted in better crowd management, said the National Environment Agency (NEA).
Read more »
Wall Street ends down in late selloff; Facebook weighsWall Street's major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a ...
Read more »