Financial Secretary Paul Chan Mo-po yesterday said the government aims to promote real estate investment funds by offering more investment choices. To this end, the government is considering relaxing the investment restrictions of REITs, broadening the investor base, facilitating market operation through legislative and regulatory enhancements, and stepping up market promotion and investor education. This came as the Securities and Futures Commission said it will announce the results of a consultation on relaxing restrictions on REIT investing in properties soon. In addition, the Financial Services Development Council said it welcomed the strengthening of Hong Kong's status as an international financial center. The company will continue to manage risk and volatility in a resilient, non-discretionary retail-focused portfolio, Link chief executive George Hongchoy told The Standard.

Source: The Standard November 25, 2020 19:07 UTC