In April 2021 The Shanghai Stock Exchange started to accept applications for publicly offered infrastructure REITs. The pilot launch has set its parameters around alternative assets such as data centres, highways and sewage systems.
The REITs to be listed on the Shanghai Stock Exchange are two high-way construction investment funds managed by Zheshang Securities Co. and Sinolink Securities Co., according to the exchange.
The two REITs to be listed on Shenzhen Stock Exchange include one to invest in a waste disposal and biomass power generation project at Shougang Environment Industry Co. Ltd., a wholly owned subsidiary of state-owned steelmaker Shougang Group (000959.SZ). The REIT is managed by state-owned AVIC Securities Co. Ltd.
The other REIT to be listed in Shenzhen invests in infrastructure projects in Shekou Industrial Park in Shenzhen operated by state-owned China Merchants Group’s local subsidiary. The REIT is managed by Bosera Asset Management Co. Ltd.
