Investment in logistics, roads to get REITs boost By ZHOU LANXU | China Daily | Updated: 2021-06-07 09:08 Share CLOSE Workers pour concrete at the construction site of a highway logistics-related warehouse in Zhangye, Gansu province, on May 1. WANG JIANG/FOR CHINA DAILY
Real estate investment trusts, or REITs, have made a stellar debut on the mainland bourses. All of the first nine pilot infrastructure-related instruments were sold out on May 31, the first day of public subscription.
The REIT issued by Bosera Funds, for instance, has an industrial park based in Shenzhen, Guangdong province, as the underlying asset. It has garnered public subscription for more than 3.9 billion lots on May 31, compared with its sales target of 90 million lots.