Hong Kong to allow cross border Reits

In a move designed to put some impetus back into the Hong Kong Reit market, the SFC yesterday announced that it was allowing cross border Reits to be listed in Hong Kong. Under the terms of the Reit regime that came into practice 18 months ago, only Reits with properties physically in Hong Kong could be listed. Now any property anywhere in the world will be able to be listed in a Hong Kong Reit.