China close to opening up REITs public market, approves first batch for listing

China close to opening up REITs public market, approves first batch for listing

Photo by rawpixel on Unsplash

China is close to kicking off its long-awaited public REITs market, with regulators approving the first batch of nine real estate investment trusts that will raise an estimated 30 billion yuan ($4.7 billion) for infrastructure projects.

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