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China adds shopping malls to REIT pilot program

Developers expected to benefit from the expansion, analyst says

As of the end of February, China had 25 publicly traded REITs, raising over $11.65 billion.

China expanded a pilot program for publicly traded real estate investment trusts (REITs) for the second time to include more types of commercial properties in a push to increase infrastructure investment amid waning economic growth.

The REIT pilot program, launched in 2015 and expanded in 2021, will be broadened again to include consumer-related infrastructure projects, such as department stores, shopping malls and farmers' markets, according to a notice issued on Friday by the China Securities Regulatory Commission.

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