“Interest in Chinese REITs is high following Citic Securities Co.’s listing of the country’s first exchange-traded REIT last month, according to the general manager of a Citic Securities subsidiary. Citic Securities Co. listed the REIT, called the Citic Qihang Specific Asset Management Plan, on May 21 after raising $835 million at the end of April from a handful of institutional investors. The REIT is underpinned by two office buildings originally owned by Citic Securities in Beijing and Shenzhen. Citic Securities is now preparing to launch dozens of other REITS on behalf of state-owned investment companies, industrial companies, financial institutions and property developers.”
http://blogs.wsj.com/moneybeat/2014/06/03/citic-securities-interest-in-chinese-reits-high/
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