Hong Kong’s securities regulator has launched a dedicated, one-stop channel for quicker approval of real estate investment trust listings by streamlining the authorisation process and documentary requirements.
It will allow the Securities and Futures Commission (SFC) to decide on an application within four weeks under normal circumstances, the regulator says in a statement on October 13.
Local and foreign REIT applicants will be able to consult the SFC confidentially through the channel to prepare for the listings.
“By enhancing the regulatory transparency and efficiency for REIT applicants, the latest initiatives underscore the SFC’s commitment to driving the long-term growth of Hong Kong’s REIT market and the city’s appeal as a vibrant fund-raising and investment hub,” says Christina Choi, executive director of investment products at the regulator.
Figures from the government’s website show that as of August 2024, Hong Kong REITs had a market capitalisation of around HK$137 billion (US$17.56 billion), the fourth largest in the Asia Pacific region.
