The Hong Kong Housing Authority has given the clearest signal yet that its real estate investment trust, or Reit, will be listed this financial year. Victor So Hing-woh, an executive at the authority, said on Wednesday that the government body had established a company to manage the Reit and that he would be its chief executive officer.
The authority first said that it would sell off a bunch of its properties back in July 2003 and appointed a financial adviser, JPMorgan, and joint global coordinators, Goldman Sachs, HSBC and UBS, late last year. But besides a few hopeful statements there had been no clear sign that Hong Kong's debut...
