China started a REIT trial in late April that will initially focus on accumulating funds kickstart infrastructure projects. This is great news for retail investors who have been eager to invest in China. “If successful, the program may be expanded to include traditional real estate, exposing individual investors to a market Goldman Sachs Group Inc. estimates could one day be worth as much as $3 trillion.” The initial program includes a set of rules to aid in ensuring forethought. “When the government feels confident enough REITs won’t flare up the property market, they may expand the trial.”
Read more about the program and its structure in this article from Bloomberg.