Beijing, June 15 (Xinhua) - China's first batch of nine China Infrastructure Investment Investment Trusts will begin to negotiate on June 21, according to advertisements Published on the websites of the two exchanges of the country Tuesday.

Five reits will be negotiated on the Shanghai Stock Exchange, while another four in the Shenzhen Stock Exchange.

The nine reits have raised more than 30 billion yuan (approximately 4.68 billion US dollars) in total, the data showed. It is expected to channel investment in infrastructure projects, such as roads, industrial parks, storage and logistics, and wastewater treatment, among others.

Previously in April 2020, China began a pilot plan in the infrastructure is reit must deepen the structural reform on the supply side in the financial sector and improve capacities of the capital market in supporting the real economy.

In mid-May of this year, China's Securities Regulatory Commission approved the registration of the first batch of nine reits of the country, and May 31, China He started the sales of the reitnes.

As an important approach to perform real estate securitization, Reit to collect investor funds and deliver them to professional investment institutions for real estate investment management. Enditem follow by China.org.cn on Twitter and Facebook to join the conversation. Download applications from ChinaNews

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