Long odds: China's bet on Reits draws sceptics

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CHINA'S plans to introduce real estate investment trusts (Reits) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but the authorities have their work cut out in creating a fully-fledged market. Read more at The Business Times.

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Leo Zhang, the chairman of Jumbo Consulting, an infrastructure-focused consultancy, expects it will take several years to develop the market.

A broader China Reits market that eventually covers property could reach over US$3 trillion, Goldman Sachs estimated. This would be enough to surpass the United States as the world's largest. Infrastructure funded through public-private partnerships , which have to date led China's efforts to attract private investors, usually yield at best between five per cent and six per cent, compared to between 12 and 15 per cent for those in Western economies, he said.

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