Industry calls for internationalising Hong Kong REITs

Hong Kong authorities are also asked to act on other aspects of their proposal for REITs.

Financial institutions are calling for Hong Kong's securities and futures commission SFC to modify its proposal for introducing real estate investment trusts REITS to include international investments and tax breaks.

The SFC has published submissions that have made in response to its consultation paper on the draft code for REITs in Hong Kong. The consultation paper, published in March, is open for public consultation until today, 23 April, and while the SFC is still looking at submissions it has published over 20 on its website.

Brokers, property companies and other interested parties are all calling for amendments to be made to the code. Allowing investment in international property, particularly the...

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