All systems go for HK reit market

The SFC reveals the results of its consultation period, setting the green light for new reit authorizations and licenses.

Hong Kong's Securities and Futures Commission SFC, yesterday revealed the results of its two-month period of market consultation on the development of a cross-border reit market. As a result, new reits will now be able to get authorization and reit managers can apply for licenses. The move is likely to kick start Hong Kong's moribund reit market.

As a result of the consultation, the SFC has announced a few new terms under which the products...

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