May 29, 2023 07:42 PM

FINANCE

Disappointing Returns Cool China’s Infrastructure REIT Craze

By Quan Yue, Yue Yue and Zhang Ziyu

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The boom in China’s fledgling market for publicly offered infrastructure-focused real estate investment trusts (REITs) appears to be faltering, as bets on short-term high returns fail to pay off.

The CSI REITs (closing) Index, which measures the overall performance of such REITs traded on the Shanghai and Shenzhen stock exchanges, plunged from this year’s high of 1,069.48 on Feb. 14 to a historical low of 932.6 on May 26, losing 13%.

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