China Resumes Residential Real Estate Funds in Further Support
- Property private equity fund applications were halted in 2021
- China is stepping up efforts to rescue ailing developers
This article is for subscribers only.
China resumed approvals for private equity funds to raise money for residential property developments, one of the latest moves to boost the country’s real estate sector as the downturn persists.
The Asset Management Association of China recently started allowing private equity funds to register such investment products, the people familiar said, requesting not to be named as the matter is private. AMAC, supervised by the China Securities Regulatory Commission, halted approvals in 2021, Bloomberg reported then.