On August 28, the China Securities Regulatory Commission issued “Opinions on Capital Market Support for Building a New Model of Real Estate Development”. As a guiding document for various financing businesses involving real estate in the capital market, the “Opinion” focuses on reforming and improving financing systems for real estate companies' stocks, bonds, asset-backed securities, and real estate investment trusts to meet the reasonable financing needs of real estate enterprises and help establish a new model for real estate development. According to industry insiders, as the “Opinion” progresses collaboratively with the commercial real estate REITs pilot, an institutional framework for the capital market to support a new model of real estate development has initially taken shape.

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