Singapore’s GIC, Chinese mall operator Grandjoy to pilot REIT listing in China

Singapore’s GIC, Chinese mall operator Grandjoy to pilot REIT listing in China

People visit the Bund in front of Shanghai's financial district of Pudong in Shanghai, China September 28, 2017. REUTERS/Aly Song/Files

Singapore sovereign wealth fund GIC and Chinese shopping mall operator Grandjoy Holdings Group have received regulatory permission to pilot China’s first publicly listed real estate investment trust (REIT), according to a South China Morning Post report.

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