CSRC Issued Five Real Estate Equity Financing Measures

Yi Huiman, Chairman of the China Securities Regulatory Commission (“CSRC”), said that the CSRC has decided to optimize five real estate equity financing measures, according to a source released on the CSRC website on November 28, 2022.

The five measures include: (1) resuming acquisition, reorganization and financing of property-related listed companies; (2) resuming refinancing of listed real estate developers and property-related listed companies; (3) adjusting and improving the policies to facilitate overseas listing of real estate developers; (4) further playing the role of REITs in mobilizing existing assets of real estate developers by encouraging quality real estate developers to issue infrastructure REITs relying on qualified warehousing, logistics, industrial parks and other assets, and (5) leveraging private equity (“PE”) investment funds to conduct pilot programs for PE investment in real estate. Qualified PE fund managers are allowed to set up real estate PE investment funds and attract institutional capitals to invest in existing homes and commercial properties.