25.06.2009 - China’s real estate market not yet ready for trusts, ING says
From Bloomberg: China’s capital markets aren’t ready for real-estate investment trusts and the country should first encourage institutional investors to buy property, the Asian head of an ING Groep NV real estate unit said. Before introducing REITs, it would be “preferable” for China to have insurance companies and pension funds be active real estate investors, Richard Price, Asia chief executive officer of ING Real Estate Investment Management, said today.......Full Article: Source