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Published in:
2021 | OriginalPaper | Chapter
The Development of REIT Markets in Greater China
Author : Bing Zhu
Published in: Understanding China’s Real Estate Markets
Publisher: Springer International Publishing
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Abstract
This chapter provides an overview of the development of real estate investment trusts (REITs) in Greater China. Prior to 2015, there was no established REIT market in mainland China. However, since the Chinese regulators approved the mainland’s first REIT investment structure in June 2015, it has been open to selected institutional investors. An alternative way for private individuals and other small-scale investors to gain exposure to specific Chinese real estate assets is through offshore RMB-REITs. This chapter considers the regulatory structure of REITs with a focus on Hong Kong and Taiwan. It also analyzes the current performance of offshore RMB-REITs, Hong Kong and Taiwan REITs, and summarizes the opportunities for and current obstacles to the development of REITs in China.