Guiyang development commission embraces infrastructure REITs

An infrastructure REITs training meeting is held by the Guiyang Development and Reform Commission to seek further development. [Photo/guiyang.gov.cn]

The Guiyang Development and Reform Commission, or GDRC – located in Guiyang, capital of Southwest China's Guizhou province – is reportedly looking at further developing real estate investment trusts in order to expand the region's infrastructure.

To promote pilot work on infrastructure real estate investment trusts, also known as REITs, a training meeting was held by the commission on July 30.

Some 50 personnel from governmental departments and State-owned enterprises participated in the session.

During the meeting, a spokesman explained the meaning of official documents relating to REITs.

Government departments – concerned with industry management, urban and rural planning, land management, the environment, housing and urban-rural construction and State-owned assets supervision – were also urged to communicate and integrate their efforts, to efficiently revitalize infrastructure.