SFC launches dedicated REIT channel, allows confidential consultation

Hong Kong’s securities watchdog has launched a new dedicated channel to facilitate the listing of real estate investment trusts, as part of its efforts to advance the development of the REIT market.

The new one-stop channel, launched by the Securities and Futures Commission, enables both local and global REIT applicants to consult the regulator regarding their applications on a confidential basis, thereby enhancing their listing preparation and efficiency, according to a SFC statement on Monday. 

In parallel, the SFC has also streamlined the authorization process and documentary requirements for REITs, shortening the anticipated application process time to four weeks under normal circumstances, it said. 

There are 11 REITs listed in Hong Kong, with a total market value of HK$150 billion, according to the data from the Hong Kong Exchanges and Clearing (0388).