China to facilitate equity financing for property firms

Potential homebuyers look at a property model in Yantai, Shandong province of China in this undated photo. The securities watchdog of TANG KE BEIJING rolled out five measures on Monday to facilitate equity financing for real estate firms, the latest in a series of efforts to bolster the property market.

A spokeswoman for the China Securities Regulatory Commission said that there would be mergers, acquisitions, financing and refinancing for eligible listed companies in the property sector.

Hong Kong-listed real-estate firms registered in the mainland will be able to refinance.

The country will expand the use of Real Estate Investment Trusts, especially in affordable rental housing and infrastructures like warehouses and industrial parks, according to the commission.

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The commission plans to pilot private equity funds to help firms mobilize real estate assets.