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China's First REIT Began Trading In Shenzhen
Aggregated Source: China Money Network
China's first exchange-traded Real-Estate Investment Trust (REIT), launched by Chinese brokerage firm CITIC Securities Co., began trading on the Shenzhen Stock Exchange today, according to information posted on the exchange's website. The Qihang Specific Asset Management Plan raised RMB5.2 billion (US$835 million) in April by selling to Chinese institutional investors. The REIT is backed by […]

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