Meng Xiaosu: Blockchain is a disruptive technology for real estate asset transactions

On December 01, at the Hainan International Offshore Innovation and Pioneering Demonstration Zone Construction High-end Forum held this morning, Meng Xiaosu, chairman of the China Asset Securitization Forum, said that REITs can be introduced in areas such as local debt, government leased housing, and highway tolling. Blockchain is a disruptive technology for real estate asset transactions, which can further promote the development of REITs in terms of investment management. He said that Hainan Province, Shanghai Stock Exchange and Shenzhen Stock Exchange are being proposed to set up Hainan REITs Exchange, with Shanghai Stock Exchange and Shenzhen Stock Exchange as shareholders. In addition, he also proposed to the Hainan Provincial Government to apply for Hainan Life Insurance, or will cooperate with the Russian State Insurance Company.