China's securities regulator approves 3...
China News
November 28, 2023
China's securities regulator has granted approval for the launch of the country's inaugural publicly traded Real Estate Investment Trusts (REITs) focused on consumption-related assets. The applications, submitted by China Asset Management and CICC Fund, mark a significant development in China's financial market. The REITs are tied to well-established business districts with mature shopping malls, reflecting stability and sustained growth in foot traffic and operational income.