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

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.