MNI BRIEF: NDRC To Expand Scope Of Infrastructure REITs

China's National Development and Reform Commission is promoting the expansion of infrastructure REITs to more sectors and asset types, while supporting more eligible projects to list and trade on stock exchanges, NDRC Spokesman Li Chao told a press conference on Thursday.

The scope of such financial products securitising infrastructure assets is expected to further cover urban renewal facilities, hotels, sports stadiums, and commercial offices, said Li, noting that the issuance currently covers 52 asset types across 12 major industries. (See MNI: China's Private Investment Support Faces Local Challenges)