June 18, 2026 — Shanghai Stock Exchange listed the first batch of commercial
real-estate REITs, comprising four offerings managed by Huitianfu, CSC
Financial, Guotai Haitong and China International Capital Co (CICC-Vipshop). The
quartet raised about 20.3 billion yuan in aggregate. Underlying assets are
mature retail and office properties located in core districts of Beijing,
Shanghai, Zhengzhou, Xi’an and Harbin; sponsors include local state-owned
leaders and top private operators. The exchange has accepted 21 REIT projects so
far and several additional inaugural projects are expected to be issued and
listed in due course.
