Investors Enthused About China’s Second Batch of Infrastructure REITs

What’s new: China’s second batch of publicly offered infrastructure-focused real estate investment trusts (REITs) have been oversubscribed by institutional investors, showing strong investor enthusiasm.

The Huaxia Yuexiu Expressway (华夏越秀高速) REIT, which is set to be listed on the Shenzhen Stock Exchange, was 43 times oversubscribed by institutional investors, according to a statement released on the bourse Tuesday. The REIT’s offer price was set at 7.1 yuan ($1.11) apiece and it plans to raise 2.1 billion yuan in total, the statement said.