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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 May 18, 2021 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. Late on Monday, the China Securities Regulatory Commission (CSRC) approved the registration of the nine REITs, which will channel investors’ money into projects ranging from tollways and warehouses to industrial parks and sewage plants. The green light, which will allow China’s first REITs to be sold and traded on stock exchanges, comes a year after Beijing announced plans for a pilot scheme.

13 Chinese Internet Financial Giants Interviewed Amidst a CCP Internal Power Struggle

China’s Regulators Warn 13 Chinese Internet Firms Amidst Internal Power Struggle  Among other issues, supervision of the shareholding structure and capital was reportedly emphasized in the interviews. Four Chinese financial regulators, including the People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, and the State Administration of Foreign Exchange, jointly interviewed representatives of the financial platform companies on April 29. The interviewed giants are Tencent, Du Xiaoman Financial, JD.com, ByteDance, Meituan Finance, Didi Finance, Lufax, Tianxing Data, 360 DigiTech, Sina Finance, Suning Finance, Gome Finance, and Trip.com Group Finance. Similar to Ant Group, these 13 companies all have integrated operations, large business volume, and strong industry influence.

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