Li Wentao, Vice President of Global Listing Services at Hong Kong Exchanges and Clearing Limited (00388), said at the Boao Real Estate Forum that the group hopes to include real estate investment trusts (reits) in the Shanghai-Hong Kong Stock Connect as soon as possible.
According to the Wise News app, Li Wentao, Vice President of Global Listing Services at Hong Kong Exchanges and Clearing Limited (00388), said at the Boao Real Estate Forum that the group hopes to include real estate investment trusts (reits) in the Shanghai-Hong Kong Stock Connect as soon as possible. He continued to say that the inclusion of reits in the Shanghai-Hong Kong Stock Connect has received a lot of attention, which is also an announcement further to the China Securities Regulatory Commission's repeated references to the study of including reits in the Shanghai-Hong Kong Stock Connect since last year, and Hong Kong Exchanges and Clearing Limited also hopes to achieve this as soon as possible.
Li Wentao pointed out that for real estate companies, the Hong Kong market is relatively mature, with a large number of real estate companies listed in Hong Kong and a platform for reits already in place. Generally speaking, the listing structure of real estate enterprises adopts the financing of the enterprise platform, including the use of reits, and the main models are enterprise listing and reits listing.
Li Wentao said that Hong Kong's REITs have no strict requirements for the location of assets, so for mainland investors, there will be a great opportunity to invest southward in Hong Kong's REITs in the future when there is interconnectivity, and through Hong Kong's REITs to further hold very high-quality assets globally.