REITs at record lows as economic gloom lingers

China REITs have hit successive lows in the first few days of 2024. — Reuters

SHANGHAI: China’s real estate investment products are tumbling, extending last year’s slump as investors lose hope for a recovery in the economy and property assets such as industrial parks and logistics hubs.

Chinese real estate investment trusts (REITs), which issue shares to investors against a portfolio of real estate holdings, have hit successive lows in the first few days of 2024.