SHANGHAI: 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.
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