June 22 — Huaxia Poly Development Closed‑end Commercial Real Estate Investment Fund (Huaxia Poly Commercial REIT) received CSRC registration approval and a no‑objection letter from the Shanghai Stock Exchange. It is the first commercial REIT sponsore

2026-06-22

June 22 — Huaxia Poly Development Closed‑end Commercial Real Estate Investment Fund (Huaxia Poly Commercial REIT) received CSRC registration approval and a no‑objection letter from the Shanghai Stock Exchange. It is the first commercial REIT sponsored by a central state‑owned enterprise and marks a securitization milestone for Poly Development Holdings. Regulators say the REIT provides a tradable commercial real estate investment option, establishes a benchmark for asset recycling, and offers a replicable path for developers to unlock stock assets and pursue asset‑light transformation, supporting the development of China’s commercial real estate market and the public REITs industry.