China to encourage REITs, other property products for new economic zone

BEIJING (Reuters) – China’s state council said on Thursday it will encourage real estate investment trusts and other property-related financial innovation products for the new Xiongan economic zone south of Beijing, the official Xinhua news agency reported.

The State Council also said various measures will be taken to prevent speculation in the real estate market of Xiongan and surrounding areas, the news agency said, adding that large-scale commercial property development would be banned for Xiongan.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.