China's new REITs to stimulate new competition for investment

10/21/2009 | Reuters

China's securities regulator said when the country's REITs are launched, they will give local mutual fund companies new opportunities to compete with insurance companies and banks. "REITs would represent a big step forward for the mutual fund industry, giving them access to alternative investment opportunities," said Wang Ou, deputy director of research at the China Securities Regulatory Commission.

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