Shanghai Launches Pilot REITs

On 21 June, the Shanghai Municipal Development and Reform Commission and seven other government agencies jointly issued guidelines on accelerating the development of real estate investment trusts (REITs) with international competitiveness (Hu Fa Gai Gui Fan No. 6 [2021]).

Objectives include establishing Shanghai as the preferred choice for the launch of REIT products, leveraging the integrated development of the Yangtze River Delta (YRD) region and encouraging mergers and acquisition of existing infrastructure projects and REITs mainly serving the YRD region.

The measures will take effect on 1 August and will remain in force until 31 July 2026.

Source: Shanghai Municipal Development and Reform Commission