IN BRIEF (Page 13)

REITs may be on cards

Shanghai may introduce real-estate investment trusts by the end of the year, the China Securities Journal reported, citing unnamed sources. Under a plan being considered by the municipal government, brokerages or fund management companies will be allowed to own a 51-percent controlling stake in the REITs, with Haitong Securities Co chosen for a pilot program, the report said.

Sinochem eyes Kazakh oil