REITs come to Hong Kong

On 30 July the Securities and Futures Commission issued its final code on the establishment and marketing of Real Estate Investment Trusts (REITs) in Hong Kong. This marks the end of the consultation process that began in March.
August 14, 2003

On 30 July the Securities and Futures Commission issued its final code on the establishment and marketing of Real Estate Investment Trusts REITs in Hong Kong. This marks the end of the consultation process that began in March with the SFC's consultation paper setting out its draft code and inviting comments

Previously the SFC would not authorise unit trusts or other mutual funds that invested in real estate. This meant that REITs could not be offered to retail investors in Hong Kong

Now the SFC will authorise REITs in Hong Kong provided that they comply with the SFC's code, and REITs authorised by the SFC...

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