Beijing
China kicked off the sales of its first batch of nine public real estate investment trusts (REITs) on Monday, a great leap forward for the country’s asset-management industry.
The nine REITs, aiming to raise over 30 billion yuan (about 4.71 billion U.S. dollars) in total, are expected to channel investment into infrastructure projects such as highways, industrial parks, storage and logistics, and sewage treatment, among others.
At the International Finance Forum 2021 Spring Meetings in Beijing, Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC), on Saturday urged the steady advancement of the implementation of piloting public REITs in the infrastructure sector.
Monday’s launch came after the CSRC approved the registration of the nine REITs in mid-May.— Xinhua
