About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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CGTN published this video item, entitled “China’s first batch of public REITs listed on exchanges” – below is their description.
China has officially kicked off its long-awaited public REITs, or Real Estate Investment Trusts, market. Nine REITs are now publicly being offered on the country’s Shanghai and Shenzhen stock exchanges. This is China’s first batch of REITs which allow retail investors to participate in the real estate market.
The new REITs will channel money raised into infrastructure sectors ranging from toll roads to wastewater treatment, but exclude commercial and residential real estate. The country’s regulators have long mulled using the infrastructure REITs market as a way for local government to finance infrastructure projects.CGTN YouTube Channel
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In This Story: Shanghai
Shanghai, on China’s central coast, is the country’s biggest city and a global financial hub. Its heart is the Bund, a famed waterfront promenade lined with colonial-era buildings. Across the Huangpu River rises the Pudong district’s futuristic skyline, including 632m Shanghai Tower and the Oriental Pearl TV Tower, with distinctive pink spheres. Sprawling Yu Garden has traditional pavilions, towers and ponds.