Earlier this week, the China Securities Regulatory Commission (CSRC) announced that China has initiated a test program to increase private investment in the real estate industry. The initial fundraising round of the scheme is expected to involve at least 30 million yuan ($4.37 million). The investors involved in the program, primarily institutional investors, are required to contribute a minimum of 10 million yuan each to participate. This program is intended to offer greater opportunities for funds to take part in the development of new homes and real estate asset mergers and acquisitions.
Earlier this week, the China Securities Regulatory Commission (CSRC) announced that China has initiated a test program to increase private investment in the real estate industry. The initial fundraising round of the scheme is expected to involve at least 30 million yuan ($4.37 million). The investors involved in the program, primarily institutional investors, are required to contribute a minimum of 10 million yuan each to participate.
According to the CSRC, China is promoting the involvement of foreign investors in the Qualified Foreign Limited Partnership (QFLP) program. This program is intended to offer greater opportunities for funds to take part in the development of new homes and real estate asset mergers and acquisitions. Yan Yuejin, an analyst at the E-house China Research and Development Institute located in Shanghai, noted that the scheme will also aid certain property developers in disposing of non-performing assets by providing capital support.
Advertisement
Facebook
Whatsapp
