China has officially given the green light for the establishment of property-focused private equity (PE) investment funds as part of a pilot scheme and encouraged investment from foreign investors, in the latest attempt to revive the beleaguered real estate sector.
Under the plan, qualified PE managers will be permitted to set up funds dedicated to investing in residential property, including unfinished projects, affordable homes and rental projects, as well as commercial real estate and infrastructure, the China Securities Regulatory Commission (CSRC) announced Monday.
