{"id":24710,"date":"2021-06-08T14:58:00","date_gmt":"2021-06-08T06:58:00","guid":{"rendered":"https:\/\/aprea.asia\/?p=24710"},"modified":"2025-04-10T15:00:09","modified_gmt":"2025-04-10T07:00:09","slug":"china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins","status":"publish","type":"post","link":"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/","title":{"rendered":"China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins"},"content":{"rendered":"<p class=\"\">It is not, purely coincidental then that after years of discussion and multiple false starts, it was on 30 April 2020 that China finally introduced a pilot scheme for Chinese real estate investment trusts (C-REITs) that has the potential to create an enormous market for REITs investors, developers and fund managers, with a value over time estimated to be in excess of US$3 trillion (making it the world&#8217;s largest REITs market and more than twice the size of the U.S. REITs market). Under the pilot scheme, C-REITs (which can be listed on the Chinese stock exchanges in Shanghai and Shenzhen) will initially focus on infrastructure assets with the aim of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Providing an alternative funding tool for infrastructure projects.<\/li>\n\n\n\n<li class=\"\">Facilitating investment in the infrastructure sector.<\/li>\n\n\n\n<li class=\"\">Reducing the large debt burden on local governments.<\/li>\n\n\n\n<li class=\"\">Boosting domestic capital markets.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Although the pilot scheme for C-REITs presents significant potential opportunities, it provides for a legal structure for C-REITs that differs from that of REITs in other jurisdictions, and leaves several important questions unanswered: When will the pilot scheme become operative? Will the scope of C-REITs be expanded to other asset classes (such as commercial or residential real estate) and be granted favorable tax policies that underpin the attractiveness of REITs in other jurisdictions? What will the governmental procedures for the review of the underlying assets entail and how will they be conducted? It remains early days and so many of the details of the pilot scheme are yet to emerge.<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.hoganlovells.com\/~\/media\/hogan-lovells\/pdf\/2020-pdfs\/2020_06_08_real_estate_alert_china_launches_pilot_scheme_for_creits.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here To Down Full Article<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>It is not, purely coincidental then that after years of discussion and multiple false starts, it was on 30 April 2020 that China finally introduced a pilot scheme for Chinese real estate investment trusts (C-REITs) that has the potential to create an enormous market for REITs investors, developers and fund managers, with a value over time estimated to be in excess of US$3 trillion (making it the world&#8217;s largest REITs market and more than twice the size of the U.S. REITs market). Under the pilot scheme, C-REITs (which can be listed on the Chinese stock exchanges in Shanghai and Shenzhen) will initially focus on infrastructure assets with the aim of: <a href=\"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\" class=\"more-link\">\u2026<span class=\"screen-reader-text\">  China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-24710","post","type-post","status-publish","format-standard","hentry","category-media-centre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China launches pilot scheme for C-REITs: the era of REITs &quot;with Chinese characteristics&quot; begins - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China launches pilot scheme for C-REITs: the era of REITs &quot;with Chinese characteristics&quot; begins - Asia Pacific Real Assets Association\" \/>\n<meta property=\"og:description\" content=\"It is not, purely coincidental then that after years of discussion and multiple false starts, it was on 30 April 2020 that China finally introduced a pilot scheme for Chinese real estate investment trusts (C-REITs) that has the potential to create an enormous market for REITs investors, developers and fund managers, with a value over time estimated to be in excess of US$3 trillion (making it the world&#8217;s largest REITs market and more than twice the size of the U.S. REITs market). Under the pilot scheme, C-REITs (which can be listed on the Chinese stock exchanges in Shanghai and Shenzhen) will initially focus on infrastructure assets with the aim of: ... China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Pacific Real Assets Association\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T06:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-10T07:00:09+00:00\" \/>\n<meta name=\"author\" content=\"APREAHOSTING\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"APREAHOSTING\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"2\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\"},\"author\":{\"name\":\"APREAHOSTING\",\"@id\":\"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a\"},\"headline\":\"China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins\",\"datePublished\":\"2021-06-08T06:58:00+00:00\",\"dateModified\":\"2025-04-10T07:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\"},\"wordCount\":266,\"articleSection\":[\"Media Centre\"],\"inLanguage\":\"ja\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\",\"url\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\",\"name\":\"China launches pilot scheme for C-REITs: the era of REITs \\\"with Chinese characteristics\\\" begins - Asia Pacific Real Assets Association\",\"isPartOf\":{\"@id\":\"https:\/\/www.aprea.asia\/#website\"},\"datePublished\":\"2021-06-08T06:58:00+00:00\",\"dateModified\":\"2025-04-10T07:00:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.aprea.asia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.aprea.asia\/#website\",\"url\":\"https:\/\/www.aprea.asia\/\",\"name\":\"Asia Pacific Real Assets Association\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.aprea.asia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a\",\"name\":\"APREAHOSTING\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g\",\"caption\":\"APREAHOSTING\"},\"url\":\"https:\/\/www.aprea.asia\/ja\/author\/apreahosting\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China launches pilot scheme for C-REITs: the era of REITs \"with Chinese characteristics\" begins - Asia Pacific Real Assets Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/","og_locale":"ja_JP","og_type":"article","og_title":"China launches pilot scheme for C-REITs: the era of REITs \"with Chinese characteristics\" begins - Asia Pacific Real Assets Association","og_description":"It is not, purely coincidental then that after years of discussion and multiple false starts, it was on 30 April 2020 that China finally introduced a pilot scheme for Chinese real estate investment trusts (C-REITs) that has the potential to create an enormous market for REITs investors, developers and fund managers, with a value over time estimated to be in excess of US$3 trillion (making it the world&#8217;s largest REITs market and more than twice the size of the U.S. REITs market). Under the pilot scheme, C-REITs (which can be listed on the Chinese stock exchanges in Shanghai and Shenzhen) will initially focus on infrastructure assets with the aim of: ... China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins","og_url":"https:\/\/www.aprea.asia\/ja\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/","og_site_name":"Asia Pacific Real Assets Association","article_published_time":"2021-06-08T06:58:00+00:00","article_modified_time":"2025-04-10T07:00:09+00:00","author":"APREAHOSTING","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"APREAHOSTING","\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"2\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#article","isPartOf":{"@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/"},"author":{"name":"APREAHOSTING","@id":"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a"},"headline":"China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins","datePublished":"2021-06-08T06:58:00+00:00","dateModified":"2025-04-10T07:00:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/"},"wordCount":266,"articleSection":["Media Centre"],"inLanguage":"ja"},{"@type":"WebPage","@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/","url":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/","name":"China launches pilot scheme for C-REITs: the era of REITs \"with Chinese characteristics\" begins - Asia Pacific Real Assets Association","isPartOf":{"@id":"https:\/\/www.aprea.asia\/#website"},"datePublished":"2021-06-08T06:58:00+00:00","dateModified":"2025-04-10T07:00:09+00:00","author":{"@id":"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a"},"breadcrumb":{"@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.aprea.asia\/china-launches-pilot-scheme-for-c-reits-the-era-of-reits-with-chinese-characteristics-begins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.aprea.asia\/"},{"@type":"ListItem","position":2,"name":"China launches pilot scheme for C-REITs: the era of REITs &#8220;with Chinese characteristics&#8221; begins"}]},{"@type":"WebSite","@id":"https:\/\/www.aprea.asia\/#website","url":"https:\/\/www.aprea.asia\/","name":"\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u4e0d\u52d5\u7523\u5354\u4f1a","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.aprea.asia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Person","@id":"https:\/\/www.aprea.asia\/#\/schema\/person\/4075cf73ae0f939f84b1ad9049d7d89a","name":"\u30a2\u30d7\u30ec\u30a2\u30db\u30b9\u30c6\u30a3\u30f3\u30b0","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/23dc384279c7461ae124781631da0a7620531b81e1fe0a9fc1ce30569737da64?s=96&d=mm&r=g","caption":"APREAHOSTING"},"url":"https:\/\/www.aprea.asia\/ja\/author\/apreahosting\/"}]}},"_links":{"self":[{"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/posts\/24710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/comments?post=24710"}],"version-history":[{"count":1,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/posts\/24710\/revisions"}],"predecessor-version":[{"id":24713,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/posts\/24710\/revisions\/24713"}],"wp:attachment":[{"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/media?parent=24710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/categories?post=24710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aprea.asia\/ja\/wp-json\/wp\/v2\/tags?post=24710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}